(1) In this Chapter—
“equity securities” means—
(a) ordinary shares in the company, or
(b) rights to subscribe for, or to convert securities into, ordinary shares in the company;
“ordinary shares” means shares other than shares that as respects dividends and capital carry a right to participate only up to a specified amount in a distribution.
[(2) References in this Chapter to the allotment of equity securities—
(a) include the grant of a right to subscribe for, or to convert any securities into, ordinary shares in the company, and
(b) do not include the allotment of shares pursuant to such a right.
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