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Redemption of securities— modification of enactments
3. In relation to any case falling within subsection (2) (a) and (b) of section 737E (sale and redemption of securities), sections 727A, 730A and 737A shall have effect as if references (however expressed) to a person being required to buy back securities under an agreement included references to that person being entitled under the agreement to an amount equivalent to the proceeds of redemption of the securities concerned; and references in section 730A to “repurchase” and “repurchaser”, and in that section and in section 737A to “repurchase price”, shall be construed accordingly.
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