S.L. 386.27 Art. 13Protection of holders of securities.

The holders of securities, other than shares, in a Maltese registered converting company, to which special rights are attached, shall be given rights against the Maltese registered converting company in accordance with the draft terms of the cross-border conversion at least equivalent to those they possess prior to the conversion. Provided that any dissenting holders of those securities shall be entitled to have their securities redeemed by the said Maltese registered converting company in accordance with regulation 12.