40(1)With respect to any contingent right to the allotment of shares in the company the following particulars shall be given—
(a)the number, description and amount of the shares in relation to which the right is exercisable;
(b)the period during which it is exercisable; and
(c)the price to be paid for the shares allotted.
(2)In sub-paragraph (1) above “” means any option to subscribe for shares and any other right to require the allotment of shares to any person whether arising on the conversion into shares of securities of any other description or otherwise.