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Section 930 of The Companies Act No. 17 of 2015: Interpretation: Part XXXV

    

(1) In this Part—
“companies involved in the division", in relation to a division, means the transferor company and any existing transferee companies;
“division" means a scheme of the kind described in section 938;
“existing company", in relation to a merger or division, means a company other than one formed for the purposes of, or in connection with, the merger or division;
"merger" means a scheme of the kind described in section 933;
"merger by absorption" mean a merger of the kind described in section 933(a);
"merger by formation of a new company" means a merger of the kind described in section 933(b);
"merger documents", in relation to a merger, means the documents listed in section 940(3);
"the merging companies"—
(a) in relation to a merger by absorption — means the transferor and transferee companies under the merger; and
(b) in relation to a merger by formation of a new company — means the transferor companies;
“new company”, in relation to a merger or division, means a company formed for the purposes of, or in connection with, the merger or division;
"share exchange ratio”—
(a) in relation to a merger — means the number of shares in the transferee company that are to be allotted to members of a transferor company for a given number of their shares; and
(b) in relation to a division — means the number of shares in a transferee company that are to be allotted to members of the transferor company for a given number of their shares.

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Disclaimer: This document is not to be taken as legal advise.

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