SCHEDULES

SCHEDULE 8 Employee share ownership plans

Part III Eligibility of individuals

Material interest: shares held by trustees of approved profit sharing schemes etc.

19 In applying paragraph 17(1) (meaning of material interest) there shall be disregarded—

(a) the interest of the trustees of—

(i) any approved profit sharing scheme, or

(ii) an approved employee share ownership plan,

in any shares held by them in accordance with the scheme or plan but which have not been appropriated to or acquired on behalf of an individual; and

(b) any rights exercisable by those trustees by virtue of any such interest.