Allotment of shares (merger)3
For section 914 of the Companies Act 2006 (no allotment of shares to transferor company or its nominee (merger)) substitute—
No allotment of shares to transferor company or transferee company (merger)914
The scheme must not provide for any shares in the transferee company to be allotted to—
a
a transferor company (or its nominee) in respect of shares in the transferor company held by the transferor company itself (or its nominee); or
b
the transferee company (or its nominee) in respect of shares in a transferor company held by the transferee company (or its nominee).