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10. (1) Subject to subsections (2) and (3), the majority-shareholding Minister, the Minister and the Minister for Public Expenditure, National Development Plan Delivery and Reform may, in respect of the shares in Gas Networks Ireland for the time being held by each of them, exercise all or any of the rights and powers from time to time exercisable by the holder of such shares.
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(2) The majority-shareholding Minister, the Minister and the Minister for Public Expenditure, National Development Plan Delivery and Reform shall not sell, exchange, transfer, surrender, alienate or otherwise dispose of all or any of the shares held by each such Minister without the prior consent of the Government.
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(3) The Minister and the Minister for Public Expenditure, National Development Plan Delivery and Reform, in respect of the shares held by each of them, shall not directly or indirectly exercise control over Gas Networks Ireland in carrying out its functions and in particular shall not be entitled to appoint a member of the board of directors of Gas Networks Ireland or to exercise voting rights in respect of Gas Networks Ireland.
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