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The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005

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This is the original version (as it was originally made).

5.  The acquisition of the shares or debentures to which the offer relates must not be conditional upon the recipients approving, or consenting, to any payment or other benefit being made or given to any director or former director of the company in connection with, or as compensation or consideration for—

(a)his ceasing to be a director;

(b)his ceasing to hold any office held in conjunction with any directorship; or

(c)in the case of a former director, his ceasing to hold any office which he held in conjunction with his former directorship and which he continued to hold after ceasing to be a director.

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