SCHEDULES

SCHEDULE 8 Employee share ownership plans

Part VIII Types of share that may be used

Requirement as to listing etc.

61

Eligible shares must be—

a

shares of a class listed on a recognised stock exchange; or

b

shares in a company which is not under the control of another company; or

c

shares in a company which is under the control of a company (other than a company which is, or would if resident in the United Kingdom be, a close company) whose shares are listed on a recognised stock exchange.