Define: New Securities
any shares or other securities convertible into, or carrying the right to subscribe for, those shares issued by the Company after the Date of Adoption (other than shares or securities issued as a result of the events set
any shares or other securities convertible into, or carrying the right to subscribe for, those shares issued by the Company after the Date of Adoption (other than shares or securities issued as a result of the events set out in Article 13.8) excluding for the avoidance of doubt any Treasury Shares transferred by the Company after the Date of Adoption;.
Relevant Circumstances
- When the company issues additional shares after adoption of its constitution
- If pre-emption rights are triggered by issues of new securities
- Where treasury shares transferred from the company are carved out of the definition