The court may, on the application of the FCA, order the sale of shares or the disposition of voting power in the following circumstances.
The circumstances are that—
Where the court orders the sale of shares or disposition of voting power it may—
Where the court makes an order under this section, it must take into account the level of holding that the person would have been entitled to acquire, or to continue to hold, without contravening the final notice.
If shares are sold or voting power disposed of in pursuance of an order under this section, any proceeds, less the costs of the sale or disposition, must be paid into court for the benefit of the persons beneficially interested in them; and any such person may apply to the court for payment of a whole or part of the proceeds.
The jurisdiction conferred by this section may be exercised by the High Court and the Court of Session.