Gas Act 1995, Paragraph 8 is up to date with all changes known to be in force on or before 01 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
8E+W+SAny shares issued to the public gas supplier by the transferee in pursuance of the scheme under paragraph 2 above—
(a)shall be of such nominal value as may be specified in or determined under the scheme;
(b)shall be issued or allotted on such terms as may be so specified or determined; and
(c)shall be issued as fully paid and treated for the purposes of the M1Companies Act 1985 as if they had been paid up by virtue of the payment to the transferee in cash of their nominal value and, if the scheme so provides, such premium as may be so specified or determined.
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
