Persons who are considered to be connected with the company or its directors ( www.practicallaw.com/9-107-6117) or its persons discharging managerial responsibilities (PDMRs) ( www.practicallaw.com/4-200-9271) . This term has different meanings depending on its context:
For the purposes of the Companies Act 2006, a person is connected with a director if they are a member of the director's family (that is, the director’s spouse, civil partner, any person with whom the director lives as a partner in an enduring family relationship, a child or stepchild of the director, a child or stepchild of a director’s partner (if living with the director and under the age of 18), or the director’s parents). A company is connected with a director if the director (and persons connected with him) is interested in 20% or more of the equity share capital of the company, or can exercise more than 20% of the voting power at a general meeting of the company. There are similar provisions which serve to connect persons to a director in relation to trusts ( www.practicallaw.com/4-107-7416) set up for the benefit of that director or his family, and in relation to partners of a director (section 252, Companies Act 2006).
For the purposes of the Disclosure Guidance and Transparency Rules ( www.practicallaw.com/8-209-4955) and the Listing Rules ( www.practicallaw.com/7-107-6774) , connected person has the meaning given to person closely associated ( www.practicallaw.com/6-626-8688) .
For the purposes of the Insolvency Act 1986, persons connected with the company are directors, shadow directors ( www.practicallaw.com/9-107-7249) , associates ( www.practicallaw.com/9-107-6443) of such directors or shadow directors and associates of the company (section 249, Insolvency Act 1986).