(1) Section 128F of the Principal Act is amended -

(a) in subsection (1) -

(i) in paragraph (d)(ii) of the definition of "qualifying company", by the substitution of "€6,000,000" for "€3,000,000", and

(ii) in paragraph (a) of the definition of "qualifying share option", by the substitution of "ordinary fully paid up shares" for "new ordinary fully paid up shares",

(b) in paragraph (b)(ii) of subsection (2A) (inserted by section 15 of the Finance Act 2022), by the substitution of "€6,000,000" for "€3,000,000",

(c) in subsection (3), by the substitution of "1 January 2026" for "1 January 2024", and

(d) by the insertion of the following subsection after subsection (6):

"(6A) Where -

(a) shares in a company are acquired on foot of a qualifying share option granted on or after 1 January 2018 and before 1 January 2026,

(b) those shares are subsequently redeemed, repaid or purchased by the company, and