1022 Takeover of company whose shares are subject to option
Corporation Tax Act 2009 (2009 c 4) | Legislation

Takeovers and transfers of businesses

1022  Takeover of company whose shares are subject to option

(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

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