SCHEDULES
SCHEDULE 3F1... SAYE option schemes
Annotations:
Amendments (Textual)
Part 4Shares to which schemes can apply
Requirements as to listing
19
1
Eligible shares must be—
a
shares of a class listed on a recognised stock exchange,
b
shares in a company which is not under the control of another company, F4...
F2ba
shares in a company which is subject to an employee-ownership trust (within the meaning of paragraph 27(4) to (6) of Schedule 2), or
c
shares in a company which is under the control of a listed company.
2
A “listed company” is a company whose shares are listed on a recognised stock exchange, other than—
a
a close company, or
b
a company that would be a close company if resident in the United Kingdom.
F33
But a company is not a close company for the purposes of sub-paragraph (2) if it is subject to an employee-ownership trust (within the meaning of paragraph 27(4) to (6) of Schedule 2).
Word in Sch. 3 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 103, 146 (with Sch. 8 paras. 147-157)