SCHEDULES

SCHEDULE 4... 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 of—

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

  • paragraph 17 (requirements as to listing) F1, and

  • paragraph 18 (shares must be fully paid up and not redeemable) F2...

  • F3...

  • F2...

F4(1A)

Sub-paragraph (1) and the other paragraphs of this Part are subject to paragraph 25A(7B).

(2)

In this Part “eligible shares” means shares which may be acquired by the exercise of share options under the scheme.