Companies Act 2014
Restriction on transfer of shares
1045. Section 95 (2) shall not apply in respect of a transfer of shares in a PLC where those shares fall within a class of securities the evidencing and transfer of title to which is for the time being governed by, as appropriate—
(a) regulations under section 1086 , or
(b) for so long as they remain in force (including for any period as they may stand amended by regulations under section 1086 ), the Companies Act 1990 (Uncertificated Securities) Regulations 1996 ( S.I. No. 68 of 1996).