http://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/8
Gas Act 1995
An Act to amend Parts I and III of the Gas Act 1986; to make provision for requiring the owners of certain gas processing facilities to make them available to other persons; and for connected purposes.
1995-11-08
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Gas Act 1995
Sch. 3
para. 42(1)(a)
para. 42(2)(a)
Utilities Act 2000
Sch. 8
s. 110(2)
SCHEDULES
SCHEDULE 5 Transitional provisions and savings
Part I Public gas suppliers’ authorisations
Shares issued to public gas supplier by transferee
8
Any 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.