Conversion Terms |
| The terms that apply when convertible loan stock, for example, a bond or a debenture, is converted into ordinary shares or preference shares. These would include the price and date of conversion which are fixed at the issue date. Also, the terms which apply when a warrant is converted into shares. These would include the exercise price, the date or period of conversion and the number of shares (normally one per warrant) which the warrant holder would be entitled to purchase. |
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