Part 5

Enterprise investment scheme
Chapter 2

The investor

Meaning of connection with issuing company

Persons subscribing for shares under certain arrangements
171
1
This section applies if an individual (“A”) subscribes for shares in a company (“the company”) with which A is not connected under section 167 or 170.
2
If—
a
A subscribes for the shares as part of an arrangement, and
b
the arrangement provides for another person to subscribe for shares in another company with which (assuming it to be the issuing company) A, or any other individual who is a party to the arrangement, is connected,
A is connected with the company under this section.