The reconversion of shares shall be carried out by a mandatory levy, up to the redeemed amount of shares to be reconverted, from the portion of profits of one or more fiscal years accruing to these shares after payment for shares partially redeemed, of the first dividend or the interest to which they may give right.
Likewise, the extraordinary general meeting may authorize shareholders, under the same conditions, to repay the company the redeemed amount of their shares plus, if any, the first dividend or interest granted by the articles of association during the elapsed period of the current fiscal year and, possibly, of the previous year.
Unofficial translation
Transcription: Spot-checked
In force from 05-05-2014
Source page 173
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 658 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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