S.L. 386.28 Art. 13Protection of holders of securities.

The holders of securities, other than shares, in a Maltese merging company, to which special rights are attached, shall be given rights against the Maltese merging company in accordance with the common draft terms of the cross-border merger at least equivalent to those they possess prior to the merger:

Provided that any dissenting holders of those securities shall be entitled to have their securities redeemed by the Maltese merging company in accordance with regulation 12.