Section 13(1)

Paragraph (2) applies in relation to an offer of relevant securities to the public in the United Kingdom if— the offer— is of any of the kinds specified in paragraphs 1 to 11 and 13 of Schedule 1, and is not also of the kind specified in paragraph 12 of that Schedule, and the total consideration for the relevant securities being offered in the United Kingdom can amount, in value, to at least £1,000,000, or an equivalent amount (see paragraph (4)).

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