SCHEDULES

SCHEDULE 2F1... share incentive plans

Annotations:
Amendments (Textual)
F1

Word in Sch. 2 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 14, 89 (with Sch. 8 paras. 90-96)

Part 9Trustees

Power of trustees to raise funds to subscribe for rights issue

77

1

The trustees may dispose of some of the rights arising under a rights issue in order to be able to obtain sufficient funds to exercise other such rights.

2

The power conferred by sub-paragraph (1) is subject to paragraph 72 (duty to act in accordance with participant’s directions).