Arramara Teoranta (Acquisition of Shares) Act, 2002

Amendment of section 2 of Principal Act.

3.—Section 2 (as amended by the Alginate Industries (Ireland) Limited (Acquisition of Shares) Act, 1954 ) of the Principal Act is amended in subsection (1) by substituting “a sum or sums not exceeding €1,200,000 in the acquisition of shares of €1 each in the Company at a price not exceeding €1 per share” for “a sum or sums not exceeding forty-three thousand pounds in the acquisition of shares of one pound each in the Company at a price not exceeding one pound per share”, and the said subsection (1), as so amended, is set out in the Table to this section.

TABLE

(1) The Minister may expend a sum or sums not exceeding €1,200,000 in the acquisition of shares of €1 each in the Company at a price not exceeding €1 per share.