Arramara Teoranta (Acquisition of Shares) Act, 2002

• Jurisdiction: Ireland
• Citation: IR No. 11/2002

Number 11 of 2002
ARRAMARA TEORANTA (ACQUISITION OF SHARES) ACT, 2002
ARRANGEMENT OF SECTIONS
Section 1. Definition. 2. New section 1 of Principal Act. 3. Amendment of section 2 of Principal Act. 4. Short title and collective citation.
Acts Referred to Alginate Industries (Ireland) Limited (Acquisition of Shares) Act, 1949 1949, No. 22 Alginate Industries (Ireland) Limited (Acquisition of Shares) Act, 1954 1954, No. 29 Alginate Industries (Ireland) Limited (Acquisition of Shares) Acts, 1949 and 1954
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:
“Definitions. 1.—In this Act— ‘Company’ means Arramara Teoranta, which was incorporated on 12 February 1947 as the Alginate Industries (Ireland) Limited and whose change of name to Arramara Teoranta was registered by the then entitled Registrar of Joint Stock Companies on 20 September 1955; ‘Minister’ means the Minister for the Marine and Natural Resources.”.
	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...