{
  "url": "https://openlegislation.uk/milk-marketing-board-residuary-functions-regulations-1994/schedule-5/paragraph-3",
  "json_url": "https://openlegislation.uk/milk-marketing-board-residuary-functions-regulations-1994/schedule-5/paragraph-3.json",
  "legislation": "uksi/1994/2759",
  "legislation_title": "The Milk Marketing Board (Residuary Functions) Regulations 1994",
  "legislation_url": "https://openlegislation.uk/milk-marketing-board-residuary-functions-regulations-1994",
  "path": "schedule/5/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "(1) In determining the feasibility of achieving a flotation of the company and in assessing the timetable for such flotation the Board shall have regard to all relevant considerations.\n(2) Subject to sub–paragraph (1) above, the considerations to which the Board may have regard shall include–\n(a) the circumstances which prevented the achievement of a flotation prior to Vesting Day,\n(b) the continuing suitability of the company for the admission of its ordinary share capital to the Official List of the London Stock Exchange,\n(c) their views and the views of their financial advisers, the company and the company’s financial advisers as to the company’s suitability for a flotation and the stock market conditions for such flotation,\n(d) the amount of funding which the Board require to achieve from the disposal of their interest in the company, and\n(e) such other factors as they, the company and their own and the company’s advisers consider to be relevant.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/2759/schedule/5/paragraph/3",
    "retrieved_at": "2026-10-29T13:24:11.167751+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}