ISSUE OF FURTHER SHARES. Any decision relating to the issue of any shares or other equity securities (within the meaning of section 560(1) of the Act) shall be a Reserved Matter.
ISSUE OF FURTHER SHARES. The Company may, subject to the approval of a Special Majority, issue new Shares, securities that are convertible or exchangeable for Shares or options to acquire Shares. Section 45 of the Companies Act will apply to the issue of Shares unless negated, limited or modified by the Constitution. [Delete if not applicable:][Issue of further Shares to employees: The Shareholders acknowledge that it may be desirable for the Company to attract, retain or incentivise suitable employees or prospective employees of the Company (Proposed Shareholding Employees) by issuing Shares to Proposed Shareholding Employees from time to time. If the Company determines that Shares should be issued to a Proposed Shareholding Employee, the Company may, notwithstanding clauses 5.9 and 8.2, issue new Shares to the Proposed Shareholding Employee provided that the total number of Shares issued to the Proposed Shareholding Employee, and all other Shares issued to employees of the Company pursuant to this clause 5.10 during the period of 12 months preceding the date of issue, does not exceed [10]% of the total number of Shares at the commencement of that period.] [Drafting note: This clause can be deleted if there is no expectation of equity incentives for farm managers. If you are considering offering equity incentives, you should consider whether a 10% cap per annum is appropriate.]
ISSUE OF FURTHER SHARES. The parties shall procure that the Company shall not issue any shares or other equity securities (within the meaning of section 560(1) of the CA 2006) to any person, unless that person is a party to this agreement or has executed and delivered a Deed of Adherence.
ISSUE OF FURTHER SHARES. The issue of new Shares shall be regulated in accordance with the provisions of the Articles.
ISSUE OF FURTHER SHARES. 12.1 Without prejudice to clause 4, Encompass shall not issue any shares or other equity securities (within the meaning of section 560(1) of the Act) to any person other than the Council.
ISSUE OF FURTHER SHARES. 15.1. No further Shares or other equity securities in any of the Companies (within the meaning of section 560(1) of the Act) shall be issued to any other person unless:
15.1.1. it is permitted or required under this Agreement or the Articles (as the case may be) and carried out in accordance with the terms of this Agreement or the Articles (as the case may be);
15.1.2. that person is a party to this Agreement or has executed and delivered a Deed of Adherence;
15.1.3. the issuance will not cause the Exeter City Group to lose its status as a Teckal compliant group of companies such that the Exeter City Group could no longer contract directly with the Council without first having to comply with the EU procurement rules and/or the Regulations; and
15.1.4. the Council has consented to such issue in writing.
ISSUE OF FURTHER SHARES. Except with Shareholder Consent, the Shareholders shall procure that the Company shall not, and the Company undertakes that it shall not, allot, issue, sell, transfer or otherwise dispose of any Shares or other equity securities (within the meaning of section 560(1) of the Act) (including any Shares held in treasury from time to time) to any person, unless that person is a party to this Agreement or has executed and delivered a Deed of Adherence in favour of the other parties to this Agreement.
ISSUE OF FURTHER SHARES. The issue of further Shares ranking equally with existing Shares whether as to voting rights, distribution or otherwise, is deemed not to be an action affecting the rights attaching to the existing Shares of that Class.
ISSUE OF FURTHER SHARES. It is agreed between the Chargor and the Collateral Agent that the Chargor may at any time and from time to time procure the Borrower to issue further shares to it, provided that all such shares issued shall constitute Further Shares for the purposes of this Deed and shall be subject to the Charge.
ISSUE OF FURTHER SHARES. 9.1 If OXXX Camden Holdings wishes to issue further shares, each of the Shareholders shall procure (so far as is lawfully possible in the exercise of his rights and powers as a shareholder of OXXX Camden Holdings) that OXXX Camden Holdings offers, by giving written notice to each respective Shareholder, that proportion of the shares proposed to be issued which the number of ordinary shares held by that Shareholder bears to the total number of ordinary shares in issue at the time OXXX Camden Holdings gives its notice. Such offer shall state the number of shares to be issued and the price of the shares.
9.2 Each Shareholder may accept the offer by giving notice to OXXX Camden Holdings, at any time within 30 days following OXXX Camden Holdings’ notice, accompanied by a banker’s draft made payable to OXXX Camden Holdings in respect of full payment for the shares to be subscribed for.
9.3 Any shares referred to in OXXX Camden Holdings’ offer, for which the Shareholders do not subscribe, may be issued by OXXX Camden Holdings as it thinks fit, provided that any such issue is completed within BO days after OXXX Camden Holdings’ notice of the offer.
