SCHEDULES
SCHEDULE 2Tax advantaged employee share schemes
PART 6Share incentive plans: dividend shares
Company's power to direct reinvestment of cash dividends
83
1
Paragraph 62 (reinvestment of dividends) is amended as follows.
2
In sub-paragraph (1) for the first “all” substitute “
some or all of the
”
.
3
After sub-paragraph (1) insert—
1A
The company's direction must set out—
a
the amount of the cash dividends to be applied as mentioned in sub-paragraph (1), or
b
how that amount is to be determined.
4
In sub-paragraph (4) after “may” insert “
modify or
”
.