LVMH also holds derivative instruments over some Hermes shares and intends to request their conversion. Once that process is complete, LVMH will hold 17.1% of Hermes' capital.

路易·威登集团还持有爱马仕股份的金融衍生工具，打算把这部分资产转为股权，如果完成转换过程，路易·威登将持有爱马仕集团17.1%的股份。

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No fractional shares of Party b's capital stock will be issued upon conversion of the Loan.

在转化贷款期间乙方的任何零星股份都不得发行。

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Article38the convertible bond and the certificate of bond conversion to stocks or shares converted in accordance with law shall be in the registered form.

第38条转换公司债及依规定请求换发之债券换股权利证书或股票，应一律为记名式。

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As you might imagine, the warning is hitting Energy Conversion Devices shares hard.

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After the full conversion common shares will have increased from three to six million shares and Mr. Pyatt will have diluted his ownership by 50 percent.

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When Mr. Miller bought the Energy Conversion Devices shares, the renewable-energy industry was vulnerable because this investment-tax break was due to expire at the end of 2008.

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