conversion rate
as defined in Directive 2014/59/EU of the European Parliament and of the Council of 15 May…, Article 2(1), point (75) (Definitions)
(75)
‘conversion rate’ means the factor that determines the number of shares or other instruments of ownership into which a liability of a specific class will be converted, by reference either to a single instrument of the class in question or to a specified unit of value of a debt claim;