825 Extent of obligation in case of share acquisition agreement
825 Extent of obligation in case of share acquisition agreement
Companies Act 2006 | Legislation

(1)     For the purposes of this Part each party to an agreement to which section 824 applies is treated as interested in all shares in the target company in which any other party to the agreement is interested apart from the agreement (whether or not the interest of the other party was acquired, or includes any interest that was acquired, in pursuance of the agreement).

(2)     For those purposes an interest of a party to such an agreement in shares in the target company is an interest apart from the agreement if he is interested in those shares otherwise

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