Where the general meeting has to decide on the repurchase or refund of preferred shares, the report of the board of directors or of the general director, as the case may be, shall specify the terms of repurchase or repayment, the reasons and the methods for calculating the price offered as well as the impact of the transaction on the situation of holders of capital securities and securities giving access to capital.
The auditor shall give his opinion on the offer of repurchase or refund in the same way used for the conversion of preferred shares.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 201
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 778-8 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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