Part 28Takeovers etc

Chapter 3“Squeeze-out” and “Sell-out”

Interpretation

990Debentures carrying voting rights

(1)

For the purposes of this Chapter debentures issued by a company to which subsection (2) applies are treated as shares in the company if they carry voting rights.

(2)

This subsection applies to a company that has voting shares, or debentures carrying voting rights, which are admitted to trading on a regulated market.

(3)

In this Chapter, in relation to debentures treated as shares by virtue of subsection (1)—

(a)

references to the holder of shares or a shareholder are to be read accordingly;

(b)

references to shares being allotted are to be read as references to debentures being issued.