(1) In this section -
"non-securities based consideration" means consideration other than that falling within the definition of "securities based consideration" in section 1031(1);
"relevant assets" means assets other than those falling within that definition of "securities based consideration".
(2) Where this section applies then either -
(a) the requirements of section 1028 do not apply; or
(b) those requirements only apply if -
(i) the contingency specified in subsection (4)(e) arises; or
(ii) a request of the kind referred to in subsection (6) is made by one or more members of the PLC, being a request that, as provided therein, must be acceded to by the PLC.
(3) This section applies where the consideration for the allotment of the shares consists wholly, or together with cash consideration, of non-securities based consideration and -
(a) the conditions specified in subsection (4) are satisfied with respect to the nonsecurities based consideration; and
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