(1) In this section 'distribution' has the same meaning as in the Corporation Tax Acts.
(2) For the purposes of this section, an amount specified or implied shall include an amount specified or implied in a foreign currency.
(3) This section applies to shares in a company where any agreement, arrangement or understanding exists which could reasonably be considered to substantially reduce the risk that the person beneficially owning those shares -
(a) might, at or after a time specified in or implied by that agreement, arrangement or understanding, be unable to realise directly or indirectly in money or money's worth an amount so specified or implied, other than a distribution, in respect of those shares, or
(b) might not receive an amount so specified or implied of distributions in respect of those shares.
(4) The reference in this section to the person beneficially owning shares shall be deemed to be a reference to both that person and any person connected with that person.
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