Dividend Record Dates. The Company shall coordinate with Parent to designate the record dates and payment dates for the Company’s quarterly dividends to coincide with the record dates and payment dates for Parent’s quarterly dividends, it being the intention of the parties that holders of Parent Common Stock and Company Common Stock shall not receive two dividends, or fail to receive one dividend, for any single calendar quarter with respect to their Parent Common Stock and Company Common Stock.
Dividend Record Dates. The February 15, May 15, August 15 and November 15 immediately preceding the next dividend payment date Dividend Payment Dates: March 1, June 1, September 1 and December 1 of each year, commencing on June 1, 2015 and to, and including, the mandatory conversion date Dividend Period: The period from and including a dividend payment date to but excluding the next dividend payment date, except that the initial dividend period will commence on and include the issue date of the Mandatory Convertible Preferred Shares and will end on and exclude the June 1, 2015 dividend payment date Initial Price: $288.00, which equals the per share public offering price of the ordinary shares in the Ordinary Shares Offering Threshold Appreciation Price: $352.80, which represents an appreciation of 22.50% over the initial price Acquisition Termination Redemption: Within ten Business Days following the earlier of (a) the date on which the Merger Agreement is terminated or if Actavis plc determines in its reasonable judgment that the Acquisition will not occur and (b) 5:00 p.m. (New York City time) on November 30, 2015, if the Acquisition has not closed on or prior to such time on such date, Actavis plc may, at its option, give notice of acquisition termination redemption to the holders of the Mandatory Convertible Preferred Shares. If Actavis plc provides such notice, then, on the acquisition termination redemption date specified in such notice, Actavis plc will be required to redeem the Mandatory Convertible Preferred Shares, in whole but not in part, at a redemption amount per Mandatory Convertible Preferred Share equal to the acquisition termination make-whole amount described in the Mandatory Convertible Preferred Shares Preliminary Prospectus Supplement. The acquisition termination make-whole amount will be payable in cash, or in certain instances at the election of Actavis plc, in ordinary shares or a combination of cash and ordinary shares, as described in the Mandatory Convertible Preferred Shares Preliminary Prospectus Supplement Mandatory Conversion Date: March 1, 2018 Conversion Rate: Upon conversion on the mandatory conversion date, the conversion rate for each Mandatory Convertible Preferred Share will be not more than 3.4722 ordinary shares (the “maximum conversion rate”) and not less than 2.8345 ordinary shares (the “minimum conversion rate”), depending on the applicable market value of ordinary shares and subject to certain anti-dilution adjustments described in th...
Dividend Record Dates. In the event that one or more record dates for dividends on PNC common stock occur after December 31, 2009 (or, in the event of Grantee’s death prior to 2009, after the end of the applicable Performance Period) but before the date the Final Award, if any, is paid pursuant to this Section 7.1, PNC will make a cash payment to Grantee in an amount equivalent to the amount of the dividends Grantee would have received had the number of Share Units specified in the Final Award been that number of shares of PNC common stock and had such shares been issued and outstanding on January 1, 2010 (or, in the event of Xxxxxxx’s death prior to 2009, on the January 1st immediately following the last day of the applicable Performance Period) and had remained outstanding on the record date or dates for such dividends. Any such payment will be made at the same time as payment of the Final Award, if any.
Dividend Record Dates. March 15, June 15, September 15 or December 15 immediately preceding the relevant Dividend Payment Date.
Dividend Record Dates. The March 1, June 1, September 1 or December 1 immediately preceding the relevant Dividend Payment Date. Dividend Payment Dates: March 15, June 15, September 15 and December 15 of each year, commencing on September 15, 2020 and ending on, and including, June 15, 2023. Mandatory Conversion Date: The second business day immediately following the last trading day of the 20 consecutive trading day period beginning on, and including, the 21st scheduled trading day immediately preceding June 15, 2023. The Mandatory Conversion Date is expected to be June 15, 2023. Initial Price: Approximately $75.91, which is equal to $100.00, divided by the Maximum Conversion Rate (as defined below). Threshold Appreciation Price: Approximately $92.99, which represents an approximately 22.5% appreciation over the Initial Price and is equal to $100.00, divided by the Minimum Conversion Rate (as defined below). Floor Price: $26.57 (approximately 35% of the Initial Price), subject to adjustment as described in the Mandatory Convertible Preferred Share Preliminary Prospectus Supplement.
Dividend Record Dates. The January 1, April 1, July 1 and October 1 immediately preceding the relevant Dividend Payment Date. Dividend Payment Dates: January 15, April 15, July 15 and October 15 of each year, commencing on April 15, 2015 and ending on, and including, January 15, 2018. Mandatory Conversion Date: The third business day immediately following the last trading day of the 20 consecutive trading day period beginning on, and including, the 23rd scheduled trading day immediately preceding January 15, 2018. Initial Price: Approximately $23.00, which is equal to $1,000, divided by the Maximum Conversion Rate. Threshold Appreciation Price: Approximately $27.025, which represents a premium of approximately 17.5% over the Initial Price and is equal to $1,000, divided by the Minimum Conversion Rate. Floor Price: $8.05 (approximately 35% of the Initial Price).
Dividend Record Dates. The January 1, April 1, July 1 or October 1 immediately preceding the relevant Dividend Payment Date. Dividend Payment Dates: January 15, April 15, July 15 and October 15 of each year, commencing on April 15, 2019 and ending on, and including, January 15, 2022.
Dividend Record Dates. The February 1, May 1, August 1 and November 1 immediately preceding the relevant Dividend Payment Date. Dividend Payment Dates: February 15, May 15, August 15 and November 15 of each year, commencing on November 15, 2016 and ending on, and including, August 15, 2019. Mandatory Conversion Date: The third Business Day immediately following the last Trading Day of the 20 consecutive Trading Day period beginning on, and including, the 23rd Scheduled Trading Day immediately preceding August 15, 2019. Last Reported Sale Price of the Common Stock on the NYSE on August 4, 2016: $12.91 Initial Price: $100 divided by the Maximum Conversion Rate, which is initially equal to approximately $12.91 (which is the Last Reported Sale Price of the Common Stock on the NYSE on August 4, 2016), subject to adjustment as described in the Preliminary Prospectus Supplement. Threshold Appreciation Price: $100 divided by the Minimum Conversion Rate, which is initially equal to approximately $15.17, which initially represents a premium of approximately 17.50% over the Initial Price, subject to adjustment as described in the Preliminary Prospectus Supplement. Floor Price: $4.52, which is initially equal to approximately 35% of the Initial Price, subject to adjustment as described in the Preliminary Prospectus Supplement.
Dividend Record Dates. January 1, April 1, July 1 and October 1 immediately preceding the relevant dividend payment date. Conversion Premium: Approximately 15% above the NYSE closing sale price of the Issuer’s common stock on October 4, 2016 Initial Conversion Rate: 33.8616 shares of the Issuer’s common stock per share of convertible preferred stock Initial Conversion Price: Approximately $29.53 per share of the Issuer’s common stock Acquisition Termination Redemption: If the Acquisition Agreement relating to the Delaware Basin Acquisition is terminated (other than by consummation of the Delaware Basin Acquisition), the Issuer may redeem all, but not less than all, of the outstanding convertible preferred stock for cash on an acquisition termination redemption date to occur on or prior to April 1, 2017. The acquisition termination redemption price for each share of convertible preferred stock to be redeemed will be equal to the sum of (i) $1,010.00, (ii) accumulated and unpaid dividends on such convertible preferred stock to, but not including, the acquisition termination redemption date and (iii) 90% of the excess, if any, of the acquisition termination redemption conversion value (as defined below) over the initial conversion value (as defined below). Following April 1, 2017, the convertible preferred stock will not be redeemable. The “acquisition termination redemption conversion value” means, with respect to the acquisition termination redemption date, the product of (i) 33.8616, which is the initial conversion rate and (ii) the average of the per share VWAP of the Issuer’s common stock for each day during a 20 consecutive trading day period ending immediately prior to the acquisition termination redemption date. The “initial conversion value” means the product of (i) 33.8616, which is the initial conversion rate and (ii) $25.68, the NYSE closing sale price of the Issuer’s common stock on October 4, 2016.
Dividend Record Dates. The immediately preceding March 1, June 1, September 1 and December 1 to the next dividend payment date. Dividend Payment Dates: March 15, June 15, September 15 and December 15 of each year, commencing on March 15, 2015 to, and including, the mandatory conversion date. Initial Price: $25.85, which is the last reported sale price of our common stock on the New York Stock Exchange (“NYSE”) on December 9, 2014. Threshold Appreciation Price: $31.02, which represents an appreciation of 20.0% over the initial price. Mandatory Conversion Date: December 15, 2017 (the “mandatory conversion date”) Conversion Rate: The conversion rate for each share of the Preferred Stock will be not more than 1.9342 shares of our common stock (the “maximum conversion rate”) and not less than 1.6119 shares of our common stock (the “minimum conversion rate”), depending on the applicable market value of our common stock, as described below and subject to certain adjustments. The “applicable market value” of our common stock is the average VWAP per share of our common stock for the 20 consecutive trading day period commencing on and including the 22nd scheduled trading day immediately preceding the mandatory conversion date. The conversion rate will be calculated as described in the Preliminary Prospectus Supplement and the following table illustrates the conversion rate per share of the Preferred Stock, subject to certain anti-dilution adjustments. Applicable Market Value of our Common Stock on the Mandatory Conversion Date Conversion Rate Per Share of the Preferred Stock Less than or equal to $25.85 (the initial price). 1.9342 shares of our common stock. Greater than $25.85 and less than $31.02 (the threshold appreciation price). Between 1.9342 and 1.6119 shares, determined by dividing $50 by the applicable market value of our common stock. Equal to or greater than the threshold appreciation price. 1.6119 shares of our common stock (the minimum conversion rate). Conversion at the Option of the Holder: At any time prior to the mandatory conversion date, other than during a fundamental change conversion period (as defined below), holders of the Preferred Stock may elect to convert their shares of the Preferred Stock, in whole or in part, into shares of our common stock at the minimum conversion rate of 1.6119 shares of our common stock per share of the Preferred Stock, subject to certain anti-dilution adjustments. If, as of the effective date of any early conversion (the “early conversi...
