Arramara Teoranta (Acquisition of Shares) Act, 2002
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Number 11 of 2002 | ||||||||||||||
ARRAMARA TEORANTA (ACQUISITION OF SHARES) ACT, 2002 | ||||||||||||||
ARRANGEMENT OF SECTIONS | ||||||||||||||
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Number 11 of 2002 | ||||||||||||||
ARRAMARA TEORANTA (ACQUISITION OF SHARES) ACT, 2002 | ||||||||||||||
AN ACT TO AMEND THE ALGINATE INDUSTRIES (IRELAND) LIMITED (ACQUISITION OF SHARES) ACTS, 1949 AND 1954, AND TO PROVIDE FOR RELATED MATTERS. [10th April, 2002] | ||||||||||||||
BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: | ||||||||||||||
Definition. |
1.—In this Act, “Principal Act” means the Alginate Industries (Ireland) Limited (Acquisition of Shares) Act, 1949 . | |||||||||||||
New section 1 of Principal Act. |
2.—The Principal Act is amended by substituting the following for section 1: | |||||||||||||
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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. | ||||||||||||||
Short title and collective citation. |
4.—(1) This Act may be cited as the Arramara Teoranta (Acquisition of Shares) Act, 2002. | |||||||||||||
(2) The Alginate Industries (Ireland) Limited (Acquisition of Shares) Acts, 1949 and 1954, and this Act may be cited together as the Arramara Teoranta (Acquisition of Shares) Acts, 1949 to 2002. |