167Profits or assets available for distribution and entitlement: supplementaryE+W+S+N.I.
(1)References to profits or assets available for distribution to equity holders of a company do not include references to any profits or assets available for distribution to any equity holder otherwise than as an equity holder.
(2)References to a company being beneficially entitled to profits or assets are references to the company being so entitled—
(b)through another company or other companies, or
(c)partly directly and partly through another company or other companies.
(3)If a person is an equity holder in relation to shares or securities as a result of section 159, that person (and no other) is to be treated as being beneficially entitled to any distribution of profits or assets attributable to those shares or securities.