Section 989(2)

Subsection (1) is not to be read as requiring any securities to be treated— as shares of the same class as those into which they are convertible or for which the holder is entitled to subscribe, or as shares of the same class as other securities by reason only that the shares into which they are convertible or for which the holder is entitled to subscribe are of the same class.

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