A shareholder agreement grants Choclate Ltd the right to appoint and remove directors responsible for directing the relevant activities of Popcorn Ltd. 2. Choclate Ltd owns 45% of the shares of lollipop Ltd. Each share entitles the holder to one general vote. The remaining voting rights are held by Mr A who owns 30% and Mrs B who owns 25% of the issued shares. No other arrangement exists that could influence decision-making