The value of the gross assets of the relevant company immediately before the issue of the relevant holding of shares or securities must not exceed £15m, and immediately after the issue must not exceed £16m1.
Where the holding was issued before 6 April 2012 and after 5 April 2006 the values were £7m and £8m respectively2. These amounts
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 17:11