SCHEDULES

SCHEDULE 4Approved CSOP schemes

Part 4Shares to which schemes can apply

Requirements relating to shares that may be subject to share options: introduction

15

1

A CSOP scheme must meet the requirements ofโ€”

  • paragraph 16 (shares must be ordinary shares of certain companies),

  • paragraph 17 (requirements as to listing),

  • paragraph 18 (shares must be fully paid up and not redeemable),

  • paragraph 19 (only certain kinds of restrictions allowed), and

  • paragraph 20 (requirements as to other shareholdings).

2

In this Part โ€œeligible sharesโ€ means shares which may be acquired by the exercise of share options under the scheme.