Member States need not apply Articles 146 and 147 as regards the holders of convertible debentures and other securities convertible into shares if, at the time when the provisions referred to in Article 26(1) or (2) of Directive 82/891/EEC came into force, the position of those holders in the event of a division had previously been determined by the conditions of issue.
Ní gá do na Ballstáit Airteagal 146 agus Airteagal 147 a chur i bhfeidhm maidir le sealbhóirí bintiúr in-chomhshóite agus urrús eile atá in-chomhshóite i scaireanna más rud é go ndearnadh, tráth a tháinig na forálacha dá dtagraítear in Airteagal 26(1) nó (2) de Threoir 82/891/CEE ón gComhairle i bhfeidhm, seasamh na sealbhóirí sin, i gcás deighilte, a chinneadh leis na coinníollacha maidir le heisiúint.