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Utilities Act 2000
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8U.K.Any shares issued to the supplier or to an associate of his by a transferee in pursuance of the transfer scheme—
(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.
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