- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).
(1)This section applies if—
(a)a person (“P”) obtains a qualifying option to acquire shares in a company,
(b)subsequently there is a takeover of that company,
(c)P, by agreement with the acquiring company, releases P’s rights under the qualifying option in consideration of P’s obtaining another option (“the new option”), and
(d)the new option is an option to acquire shares in a qualifying company.
Section 1023 explains what is meant by “qualifying option”, “takeover”, “the acquiring company” and “qualifying company”.
(2)This Chapter applies as if shares acquired pursuant to the new option are acquired pursuant to the qualifying option.
(3)The company whose shares are subject to the new option is a qualifying successor company for the purposes of paragraph (f) of condition 3 in section 1016 (condition relating to shares acquired).
(4)In calculating the amount of any relief resulting from this section—
(a)any consideration given in relation to the obtaining of the new option is treated as consideration given in relation to the obtaining of the qualifying option, and
(b)any consideration given in relation to the acquisition of shares pursuant to the new option is treated as consideration given in relation to the acquisition of shares pursuant to the qualifying option.
The consideration covered by paragraph (a) does not include the consideration mentioned in subsection (1)(c).
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Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.
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