ADVOKS GLOBAL · KENYA
Companies Act
591. How convertible securities are to be treated for purposes of this Part
Edition: 2024-12-27 · In force
591. How convertible securities are to be treated for purposes of this Part
(1)For the purposes of this Part, securities of a company are to be treated as shares in the company if they are convertible into, or entitle the holder to subscribe for, such shares.(2)Subsection (1) does not require securities to be treated—(a)as shares of the same class as those into which they are convertible or for which the holder is entitled to subscribe; or(b)as shares of the same class as other securities only because the shares into which they are convertible, or for which the holder is entitled to subscribe, are of the same class.Division 2 — Takeover Rules