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  • OFS-5.4 OFS-5.4 Additional and Specific Content for Convertible Securities

    • OFS-5.4.1

      The issuer of convertible securities must disclose in the offering document the extent to which the shareholder may subscribe for the convertible securities.

      January 2014

    • OFS-5.4.2

      For the purpose of this Section, securities may be converted into other types of securities, or these can be converted into another class of the same securities. The conversion of securities may also take place within the same securities issuer's company and/or group, or in relation to another company or group.

      January 2014

    • OFS-5.4.3

      In the case of convertible securities which are exchangeable for securities of another company, an issuer must submit to the CBB the annual report and accounts of that other company unless that company is listed or adequate information is otherwise available.

      January 2014

    • OFS-5.4.4

      If the debt securities are convertible into equity or are issued with warrants, whether or not detachable, the following detailed information (where applicable) must be made available:

      (a) Mode of conversion;
      (b) Number of warrants;
      (c) Conversion period;
      (d) Price of warrants;
      (e) Conversion ratio;
      (f) Rights attached to warrants;
      (g) Conversion price;
      (h) Warrant exercise period; and
      (i) Warrant exercise price.
      January 2014