Paragraph 114
(1)
In relation to shares and securities issued before 17 April 2002, section 1164(1) has effect—
(a)
as if in subsection (1) “ or amalgamation ” were inserted after “scheme of reconstruction”, and
(b)
as if section 1165(2) were omitted.
(2)
In sub-paragraph (1) “shares” has the same meaning as in Chapter 4 of Part 24.