87B Merger of companies.

(1) In this section—

“cross-border merger” has the same meaning as in Regulation 2(1) of the European Communities (Cross-Border Mergers) Regulations 2008 (S.I. No. 157 of 2008);

“merger” has the same meaning as in Regulation 4 of the European Communities (Mergers and Divisions of Companies) Regulations 1987 (S.I. No. 137 of 1987);

“SE” means a European public limited-liability company (Societas Europaea or SE) as provided for by the SE Regulation;

“SE merger” means the formation of an SE by merger of 2 or more companies in accordance with Article 2(1) and subparagraph (a) or (b) of Article 17(2) of the SE Regulation;

“SE Regulation” means Council Regulation (EC) No. 2157/2001 of 8 October 2001¹ on the Statute for a European company (SE).

(2) Stamp duty shall not be chargeable on an instrument made for the purposes of the transfer of assets pursuant to a merger, a cross-border merger or an SE merger.