42.3 Direct demerger: special condition142.3.1 Condition E: the shares must not be redeemable, must constitute the whole or substantially the whole, of the distributing company’s holding of the ordinary share capital of the subsidiary, and must confer the whole or substantially the whole of its voting rights in that subsidiary.
Condition E: the shares must not be redeemable, must constitute the whole or substantially the whole, of the distributing company’s holding of the ordinary share capital of the subsidiary, and must confer the whole or substantially the whole of its voting rights in that subsidiary.
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