34(1)In relation to shares issued before 6 April 2006, section 84 applies with the substitution in subsections (1) and (2)—U.K.
(a)of “ £15 million ” for “£7 million”, and
(b)of “ £16 million ” for “£8 million”.
(2)For the purposes of sub-paragraph (1) shares issued on or after 6 April 2006 to a company which subscribed for them before 22 March 2006 are treated as having been issued before 6 April 2006.
(3)Section 84 does not apply in relation to shares issued before 6 April 1998.