# Transport for London Act 2008, Paragraph 7


The reference in paragraph 5 to an interest in shares includes—
(a) an interest which is convertible into an interest in shares, and
(b) an option to acquire shares or any such interest;
and an interest or option falls within paragraph (a) or (b) notwithstanding that the shares to which it relates are, until the conversion or the exercise of the option, unissued.

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Source: https://www.legislation.gov.uk/ukla/2008/1/schedule/3/paragraph/7 (the official version)
Page: https://openlegislation.uk/transport-for-london-act-2008/schedule-3/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.