A distribution within ICTA88/S209 (2)(b) is likely to arise when a purchase of own shares is made by:
ICTA88/S229 defines a 'quoted company' as one whose shares, of
any class, appear in the official list of a Stock Exchange.
Shares that are dealt in on the Unlisted Securities Market or the Alternative Investment Market are not listed in the official list of the UK Stock Exchange. Such shares are therefore unquoted shares for the purposes of ICTA88/S219.