[F1914No allotment of shares to transferor company or its nominee (merger)E+W+S+N.I.
The scheme must not provide for any shares in the transferee company to be allotted to—
(a)a transferor company (or its nominee) in respect of shares in the transferor company held by the transferor company itself (or its nominee); or
(b)the transferee company (or its nominee) in respect of shares in a transferor company held by the transferee company (or its nominee).]
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Amendments (Textual)
F1S. 914 substituted (6.4.2008) by The Companies (Mergers and Divisions of Public Companies) (Amendment) Regulations 2008 (S.I. 2008/690), reg. 3