(1) This section applies to a company if it is—
(a) a public company, or
(b) a company associated with a public company.
(2) A company to which this section applies may not—
(a) enter into a credit transaction as creditor for the benefit of a director of the company or of its holding company, or a person connected with such a director, or
(b) give a guarantee or provide security in connection with a credit transaction entered into by any person for the benefit of such a director, or a person connected with
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