SCHEDULES

SCHEDULE 2Transitionals and savings

Part 8Venture capital trusts

The 15% holding limit condition

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In relation to shares or securities issued before 17 April 2002, section 277(5) applies with the following modifications—

a

the insertion after “reconstruction”, in the first place where it occurs, of “or amalgamation”, and

b

the omission of the words from “In this subsection” to the end.