| Commentary

248.2 Contents

| Commentary

248.2 Contents

The draft terms of the scheme must, as a minimum, contain the following particulars1:

  1. 248.2.1

        in respect of each transferor company and each transferee company:

    1. (a)

          its name;

    2. (b)

          the address of its registered office; and

    3. (c)

          whether it is a company limited by shares, or a company limited by guarantee and having a share capital;

  2. 248.2.2

        the number of shares in any transferee company to be allotted to members of any transferor company for a given number of their shares (‘the share exchange ratio’), together with the amount of any cash payment to be made to them;

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