The company said that at the 2011 Annual General Meeting, a share conversion clause
was added to Industriv?
The increase in the number of shares and votes is caused by the company's recent issue of 26,100,000 shares of series C, which shares have subsequently been repurchased by the company and converted into shares of series B, by virtue of a conversion clause
in the articles of association.
Advisors who talk with clients about this option will gain the benefit of that person's trust in addition to the potential for fresh business, given that the original policy does indeed include a conversion clause
Where a debt is to be restructured by a bank, the aforesaid conversion clause
will be incorporated before the restructuring agreement is entered into with the defaulting company.
An equity involvement by RBCC is provided for in the agreement, with the option for RBCC to purchase a percentage of the shares of the company via the exercise of the conversion clause
in the agreement.
There will be a mandatory conversion similar to CoCos, but also a voluntary conversion clause
on the part of the holder," he said.
Most bond issues are in fact now denominated solely in ECU but include a Euro conversion clause
ensuring automatic conversion.
One solution is to use a conversion clause
that assures incumbents some protection during the transition to a more flexible labor market.
Shocked and depressed, he secluded himself in his apartment for several weeks, emerging to discover he had lost his opportunity to take advantage of the automatic conversion clause
that would have changed his group health plan to an individual plan.
These conversions were carried out at the request from shareholders in accordance with the conversion clause
in Medicover's articles of association.
ST) reported on Thursday that at the request of a shareholder, 5,453 class A shares have been converted to class B shares during March 2016 with the support of the conversion clause
in the Articles of Association.