15.—(1) Where an approved scheme provides for rights and liabilities of a lessee under a qualifying agreement to be transferred to a company on a day earlier than the vesting day under the scheme, the provision shall have effect by virtue of this paragraph if, immediately before the day of the transfer, the company is a qualifying transferee.
(2) In sub-paragraph (1), “qualifying agreement” means an agreement under which moveable property is leased to the Board or to a subsidiary of the Board.
(3) For the purposes of sub-paragraph (1), a company is a qualifying transferee if it is—
(a)a company in relation to which the scheme provides for the taking of steps with a view to securing its quotation on the Stock Exchange;
(b)a subsidiary of a company falling within paragraph (a); or
(c)a company which, if the scheme is carried out, will become a subsidiary of a company falling within paragraph (a) before that company is quoted on the Stock Exchange.