Jurisdiction(s):
United Kingdom

Key definition

Change of control definition

What does Change of control mean? In practice, a change of control describes a shift in who ultimately controls a company or group—for example, a sale of a majority voting interest or the sponsor ceasing to control the group. As the expression is used across multiple legal contexts rather than fixed by general company law, it is usually defined in the relevant agreement. Common tests include ownership of more than 50% of voting rights, the power to appoint or remove a majority of directors, or the ability otherwise to direct the group’s affairs. In LMA-style loan agreements, a change of control is typically a...

Change of control notice: private M&A share purchase—template letter from target to contractual counterparties, with optional governing law and acknowledgement

Published by a LexisNexis Corporate expert

Precedents

change of control notice—private M&A—share purchase headed notepaper of target company

To: [ Insert name and address of contractual counterparty/interested third party ]

[ Insert date ]

Dear [ insert individual/organisation name ]

Notification of change of control

[ We hereby refer to the agreement dated [ insert date ] made between [ insert target company name ] and [ insert contractual counterparty name ], concerning [ insert details of contract ] (the Contract)...

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Web page updated on 22/05/2026

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