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PART VI U.K.Exempt Communications: Certain Controlled Activities

Takeovers of relevant unlisted companies: application formsU.K.

66.  The financial promotion restriction does not apply to any communication made in connection with a takeover offer for a relevant unlisted company which is a form of application for—

(a)shares in or debentures of the unlisted company; or

(b)investments falling within paragraphs 17 or 18 of Schedule 1 so far as relating to the shares in or debentures of the company which are the subject of the offer.