33(1)Section 153 of the Companies Act 1985 (transactions excepted from prohibition on company giving financial assistance for acquisition of its own shares) is amended as follows.U.K.
(2)In subsection (4)(bb) (employees’ share schemes) for “a company connected with it” substitute “a company in the same group”.
(3)For subsection (5) substitute—
“(5)For the purposes of subsection (4)(bb) a company is in the same group as another company if it is a holding company or subsidiary of that company, or a subsidiary of a holding company of that company.”.