Section 824(2)

This section applies to such an agreement if— the agreement includes provision imposing obligations or restrictions on any one or more of the parties to it with respect to their use, retention or disposal of their interests in the shares of the target company acquired in pursuance of the agreement (whether or not together with any other interests of theirs in the company's shares to which the agreement relates), and an interest in the target company's shares is in fact acquired by any of the parties in pursuance of the agreement.

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