Common use of Distribution in Shares Clause in Contracts

Distribution in Shares. Whenever the Company intends to make a distribution that consists of a dividend in, or free distribution of, Shares, the Company shall give notice thereof to the Depositary at least twenty(20) days (or such other number of days as the Depositary and the Company may agree to from time to time) prior to the proposed distribution, specifying, inter alia, the record date applicable to holders of Deposited Securities entitled to receive such distribution. Upon the timely receipt of such notice from the Company, the Depositary shall establish the ADS Record Date upon the terms described in Section 4.

Appears in 2 contracts

Samples: Deposit Agreement (Chemspec International LTD), Deposit Agreement (Chemspec International LTD)

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Distribution in Shares. Whenever the Company intends to make a distribution that consists of a dividend in, or free distribution of, Shares, the Company shall give notice thereof to the Depositary at least twenty(20twenty (20) days (or such other number of days as mutually agreed to in writing by the Depositary and the Company may agree to from time to timeCompany) prior to the proposed distribution, specifying, inter alia, the record date applicable to holders of Deposited Securities entitled to receive such distribution. Upon the timely receipt of such notice from the Company, the Depositary shall establish the ADS Record Date upon the terms described in Section 4.

Appears in 2 contracts

Samples: Deposit Agreement (PureTech Health PLC), Deposit Agreement (Verona Pharma PLC)

Distribution in Shares. Whenever the Company intends to make a distribution that consists of a dividend in, or free distribution of, Shares, the Company shall give notice thereof to the Depositary at least twenty(20twenty (20) days (or such other number of days as the Depositary and the Company may agree to from time to time) prior to the proposed distribution, specifying, inter alia, the record date applicable to holders of Deposited Securities entitled to receive such distribution. Upon the timely receipt of such notice from the Company, the Depositary shall establish the ADS Record Date upon the terms described in Section 4.

Appears in 2 contracts

Samples: Deposit Agreement (PDG Realty S.A. Empreendimentos E Participacoes), Deposit Agreement (Petrobras Energia S.A.)

Distribution in Shares. Whenever the Company intends to make a distribution that consists of a dividend in, or free distribution of, Shares, the Company shall give notice thereof to the Depositary at least twenty(20) days (or such other number of days as the Depositary and the Company may agree to from time to time) prior to the proposed distribution, specifying, inter alia, the record date applicable to holders of Deposited Securities entitled to receive such distribution. Upon the timely receipt of such notice from the Company, the Depositary shall establish the ADS Record Date upon the terms described in Section 4.

Appears in 2 contracts

Samples: Deposit Agreement (British American Tobacco p.l.c.), Deposit Agreement (Votorantim Pulp & Paper Inc)

Distribution in Shares. Whenever the Company intends to make a distribution that consists of a dividend in, or free distribution of, Shares, the Company shall give notice thereof to the Depositary at least twenty(20twenty (20) days (or such other number of days as the Depositary and the Company may agree to from time to time) prior to the proposed distribution, specifying, inter aliaa/ia, the record date applicable to holders of Deposited Securities entitled to receive such distribution. Upon the timely receipt of such notice from the Company, the Depositary shall establish the ADS Record Date upon the terms described in Section 4.

Appears in 1 contract

Samples: Deposit Agreement (Marine Harvest ASA)

Distribution in Shares. Whenever the Company intends to make a distribution that consists of a dividend in, or free distribution of, Shares, the Company shall endeavor to give notice thereof to the Depositary at least twenty(20twenty (20) days (or such other number of days as the Depositary and the Company may agree to from time to time) prior to the proposed distribution, specifying, inter alia, the record date applicable to holders of Deposited Securities entitled to receive such distribution. Upon the timely receipt of such notice from the Company, the Depositary shall establish the ADS Record Date upon the terms described in Section 4.in

Appears in 1 contract

Samples: Deposit Agreement (Iberdrola Renovables S.A. Unipersonal)

Distribution in Shares. Whenever the Company intends to make a distribution that consists of a dividend in, or free distribution of, Shares, the Company shall give timely notice thereof to the Depositary at least twenty(20twenty (20) days (or such other number of days as the Depositary and the Company may agree to from time to timetime agree to) prior to the proposed distribution, distribution specifying, inter alia, the record date applicable to for determining the holders of Deposited Securities entitled to receive such distribution. Upon the timely receipt of such notice from the Company, the Depositary shall establish the ADS Record Date upon the terms described in Section 4.4.9 and either (i) the Depositary shall, subject to Section 5.9, distribute to the Holders as of the ADS Record Date in

Appears in 1 contract

Samples: Deposit Agreement (Giant Interactive Group Inc.)

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Distribution in Shares. Whenever the Company intends to make a distribution that consists of a dividend in, or free distribution of, Shares, the Company shall give notice thereof to the Depositary at least twenty(20fifteen (15) days (or such other number of days as the Depositary and the Company may agree to from time to time) prior to the proposed distribution, specifying, inter alia, the record date applicable to holders of Deposited Securities entitled to receive such distribution. Upon the timely receipt of such notice from the Company, the Depositary shall establish the ADS Record Date upon the terms described in Section 4.

Appears in 1 contract

Samples: Deposit Agreement (Citibank,N.A./ADR)

Distribution in Shares. Whenever the Company intends to make a distribution that consists of a dividend in, or free distribution of, Shares, the Company shall give notice thereof to the Depositary at least twenty(20twenty (20) days (or such other number of days as the Depositary and the Company may agree to from time to time) prior to the proposed distribution, record date for such distribution specifying, inter alia, the record date applicable to holders of Deposited Securities entitled to receive such distribution. Upon the timely receipt of such notice from the Company, the Depositary shall establish the ADS Record Date upon the terms described in Section 4.

Appears in 1 contract

Samples: Deposit Agreement (Equatorial Energia S.A.)

Distribution in Shares. Whenever the Company intends to make a distribution that consists of a dividend in, or free distribution of, Shares, the Company shall give notice thereof to the Depositary at least twenty(20fourteen (14) days (or such other number of days as the Depositary and the Company may agree to from time to time) prior to the proposed distribution, specifying, inter alia, the record date applicable to holders of Deposited Securities entitled to receive such distribution. Upon the timely receipt of such notice from the Company, the Depositary shall establish the ADS Record Date upon the terms described in Section 4.date

Appears in 1 contract

Samples: Deposit Agreement (Home Retail Group)

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