s 595 Exception to valuation requirement: merger or division
(1) Section 593 (valuation of non-cash consideration) does not apply to the allotment of shares by a company as part of a scheme to which Part 27 (mergers and divisions of public companies) applies if— (a) in the case of a scheme involving a merger, an expert's report is drawn up as required by section 909, or (b) in the case of a scheme involving a division, an expert's report is drawn up as required by section 924. (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .