Shares of a company, whose securities are admitted listed on a stock exchange, shares may be allotted under the first and second paragraphs of article 626-1-2 above only where the company, for the fiscal year during which these shares are alloted, proceeds, under the conditions set forth in articles 626-1 to 626-5 above, allots shares free of charge in favor of all of its employees and, /to at least ninety percent (90%) of all the employees of subsidiaries located in the States parties.
Deliberations conducted and decisions taken and allocations of shares consented in violation of this article shall be null.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 167
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 626-6 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