(1) If shareholders have a preemptive right to subscribe to convertible bonds, a company shall notify each shareholder of the amount of convertible bonds that he/she is entitled to subscribe for, issuance price, conditions of conversion, the details of shares to be issued upon conversion, the period within which he/she may demand conversion and a statement to the effect that if he/she fails to subscribe to convertible bonds on or before the specified date, he/she shall lose his/her right.
(2) The provisions of Article 419 (2) and (3) shall apply mutatis mutandis in cases falling under paragraph (1). <Amended by Act No. 12591, May 20, 2014>[This Article Newly Inserted by Act No. 3724, Apr. 10, 1984]