Section 102A(5)

“Non-equity transferable securities” means all transferable securities that are not equity securities; and for this purpose the following are “equity securities”— shares, other transferable securities which are equivalent to shares, and transferable securities which— are within neither of paragraphs (a) and (b), give the right to acquire securities within paragraph (a) or (b) if converted or if the rights conferred by them are exercised, and are issued by the issuer of the underlying shares or by an entity belonging to the group of that issuer.

← 4 · All articles · 6 →

Source: legislation.gov.uk · retrieved 2026-09-04