- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (Fel y'i Deddfwyd)
Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol).
6(1)A scheme satisfies the requirements of this paragraph if it includes—
(a)the issuing by a company of shares subject to conversion, or
(b)the amendment of rights attaching to shares issued by a company such that the shares become shares subject to conversion.
(2)For the purposes of sub-paragraph (1) a company’s shares are shares subject to conversion if—
(a)the rights attached to the shares include provision by virtue of which a holder of such shares is entitled, on the occurrence of an event, to acquire by conversion or exchange securities in the company or another company, and
(b)the occurrence of the event is within the reasonable expectation of the company at the relevant time.
(3)For the purposes of sub-paragraph (2) the relevant time is—
(a)the time when the shares are issued, or
(b)if at the time when the shares are issued the occurrence of the event is not within the company’s reasonable expectation and the rights attaching to the shares are later amended as described in sub-paragraph (1)(b), the time when the rights attaching to the shares are so amended.
(4)In this paragraph “security” has the same meaning as in Part 6 of ICTA.
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Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.
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