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Commentary

58.2 Subsidiary exemptions

COMPANIES vol 11 acquisitions, mergers, demergers
| Commentary

58.2 Subsidiary exemptions

| Commentary

58.2 Subsidiary exemptions

In addition to the main exemption, there are two subsidiary exemptions of which a company may be able to take advantage, provided that the requirements for the main exemption are met. The first relates to the disposal of an asset related to shares in the company in which the substantial shareholding is owned. Assets are generally related to shares in a company if they are options to acquire or dispose of shares or interests in shares in that company, or securities convertible into or exchangeable for, such shares1. Thus, where a company holds shares which would benefit

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