BC23 An entity might acquire goods (or other non‑financial assets) as part of the net assets acquired in a business combination for which the consideration paid included shares or other equity instruments issued by the entity. Because IFRS 3 applies to the acquisition of assets and issue of shares in connection with a business combination, that is the more specific standard that should be applied to that transaction.
BC24 Therefore, equity instruments issued in a business combination in exchange for control of the acquiree are not within the scope of IFRS 2. However, equity instruments granted to employees of the acquiree in their capacity as employees, eg in return for continued service, are within the scope of IFRS 2. Also, the cancellation, replacement, or other modifications to share‑based payment arrangements because of a business combination or other equity restructuring should be accounted for in accordance with IFRS 2.
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