PART VIExempt Communications: Certain Controlled Activities
Takeovers of relevant unlisted companies: application forms66
The financial promotion restriction does not apply to any communication made in connection with a takeover offer for a relevant unlisted company which is a form of application for—
a
shares in or debentures of the unlisted company; or
b
investments falling within paragraphs 17 or 18 of Schedule 1 so far as relating to the shares in or debentures of the company which are the subject of the offer.