SCHEDULES

SCHEDULE 23Corporation tax relief for employee share acquisition

Part 3Grant of option

Introduction

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1

The provisions of this Part of this Schedule apply in the case of the grant of an option to acquire shares.

F12

Where the shares acquired pursuant to the option are restricted shares, the provisions of this Part have effect subject to the provisions of Part 4 of this Schedule.

3

Where the shares acquired pursuant to the option are convertible shares, the provisions of this Part have effect subject to the provisions of Part 4A of this Schedule.