Section 472 | Associated persons ^F1

(1)For the purposes of this Chapter the following are “associated persons” in relation to an employment-related securities option—^F1

(a)the person who acquired the employment-related securities option on the acquisition,^F1

(b)(if different) the employee, and^F1

(c)any relevant linked person.^F1

(2)A person is a relevant linked person if—^F1F2

(a)that person (on the one hand), and^F1

(b)either the person who acquired the employment-related securities option on the acquisition or the employee (on the other),^F1

are or have been connected or (without being or having been connected) are or have been members of the same household.

(3)But a company which would otherwise be a relevant linked person is not if it is—^F1

(a)the employer,^F1

(b)the person from whom the employment-related securities option was acquired, or^F1

(c)the person by whom the right or opportunity to acquire the employment-related securities option was made available.^F1