than 75% of the total number of ordinary shares in the target company; (ii) the date of the acquisition does not fall in in the same basis period of the acquiring company as the date of the acquisition referred to in paragraph (c); and (iii) before 1 April 2015 and not earlier than 12 months before the acquisition, the acquiring company or its acquiring subsidiary had made an acquisition of ordinary shares of any amount in the target company; (f) any other acquisition the date of which falls in the same basis period of the acquiring company as that of the acquisition referred to in paragraph (e) and is before 1 April 2016. (4B) In subsection (4A), the conditions are: (a) in the case of paragraphs (a) and (b) of that subsection, at the end of that basis period of the acquiring company, the total ownership of ordinary shares in the target company referred to in paragraph (a) of that subsection is between 20% and 50% (both inclusive); (b) in the case of paragraphs (c) and (d) of that subsection, at the end of that basis period of the acquiring company, the total ownership of ordinary shares in the target company referred to in paragraph (c) of that subsection is more than 50%; (c) in the case of paragraphs (e) and (f) of that subsection, at the end of that basis period of the acquiring company, the total ownership of ordinary shares in the target company referred to in paragraph (e) of that subsection is 75% or more.”;
than 75% of the total number of ordinary shares in the target company; (ii) the date of the acquisition does not fall in in the same basis period of the acquiring company as the date of the acquisition referred to in paragraph (c); and (iii) before 1 April 2015 and not earlier than 12 months before the acquisition, the acquiring company or its acquiring subsidiary had made an acquisition of ordinary shares of any amount in the target company; (f) any other acquisition the date of which falls in the same basis period of the acquiring company as that of the acquisition referred to in paragraph (e) and is before 1 April 2016. (4B) In subsection (4A), the conditions are: (a) in the case of paragraphs (a) and (b) of that subsection, at the end of that basis period of the acquiring company, the total ownership of ordinary shares in the target company referred to in paragraph (a) of that subsection is between 20% and 50% (both inclusive); (b) in the case of paragraphs (c) and (d) of that subsection, at the end of that basis period of the acquiring company, the total ownership of ordinary shares in the target company referred to in paragraph (c) of that subsection is more than 50%; (c) in the case of paragraphs (e) and (f) of that subsection, at the end of that basis period of the acquiring company, the total ownership of ordinary shares in the target company referred to in paragraph (e) of that subsection is 75% or more.”;
ITA2015_Clause2to52.docx