Related Commentary  

1023(1)  This section applies for the purposes of section 1022.

1023(2)  An option is a qualifying option if condition 3 in section 1016 would be met in relation to shares acquired pursuant to the option.

1023(3)  There is a takeover of a company when another company (“the acquiring company”) acquires control of it.

1023(4)  The following companies are qualifying companies–

(a)the acquiring company,

(b)a company that, when the takeover occurs, is a parent company of the acquiring company,

(c)a company that, when the takeover occurs, is a member of a consortium that owns the acquiring company,

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