(1) Subject to paragraph (11), the board of directors of an Irish converting company shall, in accordance with this Regulation, draw up a report for members and employees of the company, which report shall -

(a) explain and justify the legal and economic aspects of the cross-border conversion,

(b) explain the implications of the cross-border conversion for employees, and

(c) explain the implications of the cross-border conversion for the future business of the company.

(2) A report drawn up under this Regulation shall be made available electronically, together with the draft terms if available, to -

(a) the members of the Irish converting company, and

(b) the company's employees' representatives,

not less than 6 weeks before the date of the general meeting referred to in Regulation 14.