[86 Exempt offers to the public [and admissions to trading]]

[86  Exempt offers to the public [and admissions to trading]]

[(1)     A person does not contravene section 85(1) if—

[(aa)     the offer falls within Article 1(4) of the prospectus regulation; or]

(e)     the total consideration for the transferable securities being offered [in the United Kingdom] cannot exceed [8,000,000] euros (or an equivalent amount) [; . . .

(f)     . . .].

[(1A)     . . .. . .]

[(1B)     . . .. . .]

(2)     Where—

(a)     a person

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