ETASSUM36080 - Schedule 3 SAYE option schemes: Exchange of options: Obtaining control by a non-UK company reorganisation arrangement
Paragraph 38(2)(ba) permits a rollover to be triggered when the acquiring company:
- obtains control of the company whose shares are used in the scheme,
- as a result of a non-UK company reorganisation arrangement which has become binding on the shareholders covered by it.
A non-UK company reorganisation arrangement is defined in paragraph 47A as an arrangement made in relation to an overseas company which:
- gives effect to a reorganisation of the company바카라 사이트檚 share capital by consolidation of shares of different classes, by division of shares into different classes, or by both of these, and
- which is approved by a resolution of the members where more than 50% of the voting rights of all members who have the right to vote in favour of approving the arrangement.
When an arrangement becomes 바카라 사이트渂inding바카라 사이트� may vary according to the jurisdiction concerned.
Schemes with rules included for 바카라 사이트渆quivalent overseas legislation바카라 사이트� or similar and with related provisions for rollover of options, 바카라 사이트渁pproved바카라 사이트� at 5 April 2014, can continue to operate on their existing terms after 5 April 2014.