Part 5Enterprise investment scheme

Chapter 2The investor

Meaning of connection with issuing company

171Persons subscribing for shares under certain arrangements

1

This section applies if an individual (“A”) subscribes for shares in a company (“the company”) with which A is not connected under section 167 or 170.

2

If—

a

A subscribes for the shares as part of an arrangement, and

b

the arrangement provides for another person to subscribe for shares in another company with which (assuming it to be the issuing company) A, or any other individual who is a party to the arrangement, is connected,

A is connected with the company under this section.