Healthcare and diagnostic services company Medicover AB (STO:MCOVB) reported on Wednesday a change in the number of votes in the company as a result of conversions of 16,735 class A shares into class B shares carried out in July 2019, following requests from shareholders in accordance with the
conversion clause in Medicover's articles of association.
The Commission accepted the submission of the ACTU that the unrestricted use of casual employment without the safeguard of a
conversion clause may operate to undermine the fairness and relevance of the safety net (FWC, 2017).
These class C shares have been issued for the purpose of ensuring fulfilment of commitments under incentive programmes and have by virtue of the
conversion clause in the articles of association been converted to common shares.
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. (Not all do.)
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.
"There will be a mandatory conversion similar to CoCos, but also a voluntary
conversion clause on the part of the holder," he said.
That would imply at least a ten per cent reduction in the outlay of loonies, but is there a currency
conversion clause?
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.
But even when you have a
conversion clause, it is usually of little help.
Medicover AB (STO:MCOVB) announced on Tuesday that the number of shares and votes in the company has changed as a result of conversions of in total 15,850 class A shares into class B shares carried out in April 2019, following requests from shareholders in accordance with the
conversion clause in Medicover's articles of association.