SCHEDULES

SCHEDULE 2Tax advantaged employee share schemes

PART 4Restricted shares

SAYE option schemes

63

In Part 7 of Schedule 3 (exchange of share options) in paragraph 39 (requirements about share options granted in exchange) after sub-paragraph (6) insert—

7

For the purposes of this paragraph the market value of shares subject to a restriction is to be determined as if they were not subject to the restriction.