[F1257FCCall optionsU.K.
This section has no associated Explanatory Notes
(1)This section applies if the investor grants an option which, if exercised, would bind the investor to sell any of the relevant shares.
(2)The grant of the option is treated for the purposes of section 257FA as a disposal of the shares to which the option relates.
(3)Nothing in this section prejudices section 257CD (no pre-arranged exits).]
Textual Amendments
F1Pt. 5A inserted (17.7.2012) (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by Finance Act 2012 (c. 14), Sch. 6 para. 1