Section 612(3)

Where the arrangement also provides for the allotment of any shares in the issuing company on terms that the consideration for those shares is to be provided— relief under subsection (2) extends to any shares in the issuing company allotted on those terms in pursuance of the arrangement. by the issue or transfer to the issuing company of non-equity shares in the other company, or by the cancellation of any such shares in that company not held by the issuing company,

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Source: legislation.gov.uk · retrieved 2026-09-04