(1) To determine what is fair value for securities for the purposes of this
Chapter:
- (a)
- first, assess the value of the company as a whole; and
- (b)
- then allocate that value among the classes of issued securities in the
company (taking into account the relative financial risk, and voting and
distribution rights, of the classes); and
- (c)
- then allocate the value of each class pro rata among the securities in
that class (without allowing a premium or applying a discount for particular
securities in that class).
(2) Without limiting subsection (1), in determining what is fair value
for securities for the purposes of this Chapter, the consideration (if any)
paid for securities in that class within the previous 6 months must be taken
into account.