Identification of shares acquired under EMI option
3In section 105 (disposal on or before day of acquisition of shares etc) after subsection (3) insert—
“(4)Subsection (5) applies if an individual—
(a)acquires shares (“the relevant shares”) of the same class, on the same day and in the same capacity, and
(b)some of the relevant shares are relevant EMI shares (as defined by section 169I(7C) to (7G)).
(5)This section has effect as if—
(a)paragraph (a) of subsection (1) required the relevant EMI shares to be treated as acquired by the individual by a single transaction separate from the remainder of the relevant shares (which are also to be treated by virtue of that paragraph as acquired by the individual by a single transaction), and
(b)subsection (1) required the relevant EMI shares to be treated as disposed of after the remainder of the relevant shares.”