ADR Facility definition

ADR Facility means an ADR facility established by the company with a depository bank to hold any equity shares as established pursuant to a deposit agreement and subsequently as amended or replaced from time to time.

ADR Facility means the ADR facility with the Depositary Bank established by the Company pursuant to the Deposit Agreement as amended or replaced from time to time.

ADR Facility shall have the meaning set forth in Section 5.15(a).

Examples of ADR Facility in a sentence

• For the reasons set out in this letter, the Directors believe it is in the best interests of the Company and Shareholders as a whole to maintain a listing of the Company's securities on Nasdaq (albeit to terminate the ADR Facility and move from a listing of ADSs to New Ordinary Shares), and to implement the Main Market Delisting, following which no securities of the Company will be admitted to listing or to trading on any regulated market or multilateral trading facility in the UK.

• There should be generally no tax liabilities under normal capital gains tax or income tax on dividend rules for UK resident Shareholders arising from the passing of the Resolutions, and on the implementation of the Main Market Delisting and the ADR Facility Termination.

• See the discussions of “Section 2252A” and ““Section 2256,” below.

• Authority rests with the Directors to implement the Main Market Delisting, under DTR 5.2.8R on the basis that the Company has a Standard Listing DTR 5.2.8R (as opposed to a Premium Listing, or an AIM quotation), and the ADR Facility Termination, without requiring Shareholder approval.

• The absence of any reference to the tax consequences of the passing of the Resolutions and on the implementation of the Main Market Delisting and the ADR Facility Termination for Shareholders who are subject to tax in any other particular jurisdiction should not be taken to imply that the passing of the Resolutions and on the implementation of the Main Market Delisting and the ADR Facility Termination might not have adverse tax consequences for such Shareholders.

More Definitions of ADR Facility

ADR Facility a facility for exchanging Newco Ordinary Shares for American depositary receipts suitable for listing on the Exchange in form and substance satisfactory to Grace and Fresenius AG.

ADR Facility means an ADR Facility with the Depository Bank established by the Company to hold the Equity Shares of any other Shareholders, as established pursuant to the Deposit Agreement and subsequently as amended or repealed from time to time.

ADR Facility has the meaning set forth in Section 2.7(a).

ADR Facility means an ADR facility established by the Company with a depository bank to hold any Equity Shares as established pursuant to a deposit agreement and subsequently as amended or replaced from time to time. *Restated Articles of Association adopted at the A.G.M held on 08th August 2015 consequent upon conversion into Public Company.

ADR Facility means an ADR Facility established by the Company with a depository bank to hold any Equity Shares as established pursuant to a deposit agreement and subsequently as amended or replaced from time to time. *These Articles of Association were adopted as the Articles of Association of the Company by special resolution passed at the extraordinary general meeting of the Company held on [●], 2021.

ADR Facility as defined in the Reorganization Agreement.

ADR Facility has the meaning set forth in Section ‎5.24(a).