The right to the allocation of free shares, as well asfractional shares that may result for
shareholders of the capital increase by incorporation of reserves, profits or contribution, issue or
merger premiums are negotiable and transferable.
However, the extraordinary general meeting may, under the conditions of quorum and majority
provided for in article 565 above, expressly decide that fractional shares are not negotiable and
that matching shares must be sold.
Proceeds from the sale shall be alloted to holders of fractional shares no later than thirty (30)
days following the date of registration into their account of the whole number of shares allotted.
Unofficial translation
Machine-parsed
In force from 8 September 2026
Source page 158
Section 566 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/undated/auscgie-2014