(1) The consequences of a cross-border division are that, from the effective date -

(a) the assets and liabilities, including all of the rights and obligations, of the dividing company shall be transferred to the recipient company or companies in accordance with the allocation specified in the draft terms,

(b) in the case of a full division, all, or, in the case of a partial division, at least some, remaining members of the dividing company shall become members of the recipient company or companies in accordance with the allocation specified in the draft terms, save for members who have made a request in accordance with Regulation 60(1),

(c) in the case of a partial division, at least some of the members shall remain in the dividing company in accordance with the allocation specified in the draft terms, save for members who have made a request in accordance with Regulation 60(1),

(d) in the case of a division by separation, the shares of the recipient company or companies shall be allocated to the dividing company,