1/ In calculating voting right for the purpose of determining whether there is control, rights to subscription and purchase of shares carrying voting rights that are currently exercisable or convertible are to be included.
2/ Any voting rights attaching to shares owned by the subsidiary itself or by its subsidiaries must be disregarded in the determination of the voting rights in a subsidiary held by the parent company.
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Structural division: books › CHAPTER ONE
Article 553 — Calculation of Participation
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version