On $1$ July $2021,$ Lessi Ltd acquired $7500$ ordinary shares in More Ltd for R$28513.$ The retained earnings of More Ltd amounted to R$33600$ on $1$ July $2021.$ On the same day, less Ltd also acquired $5000$ call options in More Ltd$.$ The exercise of each call option entitles Lessi Ltd to one ordinary share, the call options are exercisable at any time.Lessi Ltd exercises significant influence over the management and financial policies of More Ltd since $1$ July $2021.$

Q$11)$ Explain why Lessi Ltd exercises significant influence over More Ltd$.$ In your explanation, refer to the definition of significant influence in terms of lAS $28$ Investment in associates and joint ventures.