Section 432 | Definitions ^F1

(1)In this Chapter—

(2)In this Chapter “market value” has the meaning indicated in section 421(1).

(3)For the purposes of this Chapter sections 421(2) and 421A apply for determining the amount of the consideration given for anything and section 421I applies for determining the amount of the consideration given for the acquisition of employment-related securities.

(4)In this Chapter—

(5)In this Chapter “associated person” has the meaning indicated in section 421C.

(6)In this Chapter—

(7)In this Chapter—

(8)In this Chapter “restriction”, in relation to securities or an interest in securities, means provision relating to the securities or interest which is made by any contract, agreement, arrangement or condition and to which any of subsections (2) to (4) of section 423 applies.

(9)In this Chapter “variation”, in relation to a restriction, has the meaning indicated in section 427(4).

(10)In this Chapter “convertible securities” has the same meaning as in Chapter 3 of this Part (see section 436).