SCHEDULES

SCHEDULE 8Employee share ownership plans

Part VIIITypes 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.