Conversion - 1. The translation of a convertible security into a predetermined number of shares.
The process by which a mutual organisation such as a building society changes itself into a company. Quite often accompanied by healthy payouts to members of the building society, which has attracted the interest of carpetbaggers. Also known as "demutualisation".The process of converting convertible loan stock in a company into ordinary shares. The right to convert is inherent in the convertible loan stock but usually you will only be allowed to convert on a particular date. The company will issue a notice to shareholders telling them when they can convert and telling them the applicable conversion ratio e.g. i.e. how many ordinary shares they can get for each unit of convertible loan stock.
Conversion : 1. the translation of a convertible security into a predetermined number of shares.
the process by which a mutual organisation such as a building society changes itself into a company. quite often accompanied by healthy payouts to members of the building society, which has attracted the interest of carpetbaggers. also known as "demutualisation".the process of converting convertible loan stock in a company into ordinary shares. the right to convert is inherent in the convertible loan stock but usually you will only be allowed to convert on a particular date. the company will issue a notice to shareholders telling them when they can convert and telling them the applicable conversion ratio e.g. i.e. how many ordinary shares they can get for each unit of convertible loan stock.
Conversion