Paragraph 10 Debentures carrying voting rights

(1)

For the purposes of this Schedule debentures issued by a company to which sub-paragraph (2) applies shall be treated as shares in the company if they carry voting rights.

(2)

This sub-paragraph applies to a company that has voting shares, or debentures carrying voting rights, which are admitted to trading on a regulated market.

(3)

In this Schedule, in relation to debentures treated as shares by virtue of sub-paragraph (1)—

(a)

references to the holder of shares or a shareholder shall be construed accordingly;

(b)

references to shares being allotted shall be construed as references to debentures being issued.