Shares may be allotted under the same conditions as those mentioned in articles 626-1 to 626-1-3
above:
1°) Either in favor of employees of companies or of economic interest groups whose at least ten
percent (10%) of the capital or voting rights are held, directly or indirectly, by the company
that allots the shares;
2°) In favor of employees of companies or economic interest groups owning, directly or
indirectly, at least ten percent (10%) of the capital or of the voting rights of the company
that allots the shares;
3°) In favor of employees of companies or of economic interest groups whose fifty percent
(50%) at least of the capital or of the voting rights are held, directly or indirectly, by a
company holding itself, directly or indirectly, at least fifty percent (50%) of the capital of
the company that allots the shares.
Shares that are not admitted to trading on a stock exchange may only be allotted under the
conditions mentioned above to employees of the company, which carries out such
allotment/allocation or to the ones mentioned in 1°.
Deliberations conducted and decisions taken and allotment/allocation of shares consented in
violation of this article shall be null.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 165
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
How Lex Cameroon marks its texts →
Section 626-2 of the Acte uniforme révisé relatif au droit des sociétés commerciales et du groupement d'intérêt économique/akn/ohada/act/loi/2014-01-30/auscgie-2014
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