ISSUE OF NEW SHARES. In consideration for the net contribution, valued at €1,903,610,200, the Contributing Company will be awarded 19,036,102 new shares of the Beneficiary Company, with a par value of 10 euros each, fully paid up, to be issued by the latter as a capital increase. The newly issued shares thus granted shall be vested at the Effective Date and treated in their entirety as shares comprising the capital stock of the Beneficiary Company; they will therefore yield the right to any amounts as might be applied to distribution during the financial year ended December 31, 2007. The newly issued shares will entitle their holders to any exemption or result in the imposition of any tax charges, after payment to the old shares of the dividend for the financial year ended December 31, 2007. The newly issued shares will be immediately negotiable within the legal timeframes.
ISSUE OF NEW SHARES. 14.1 Pre-emption Unless otherwise agreed by the Shareholders, if the Company proposes to issue any Shares following the Effective Date to any person, including a Shareholder, the Company must:
ISSUE OF NEW SHARES. 3.1 Subject to clause 5.1, the Company's issued share capital may be increased from time to time but (unless Aether and Reuters agree otherwise) the Company shall not issue any Relevant Securities unless such Relevant Securities are offered for subscription to Aether and Reuters pro rata to their respective Shareholding Proportions as at the close of business on the date prior to such offer.
ISSUE OF NEW SHARES. 6.1 The issued share capital of the Investment Vehicle may from time to time be increased by such sum as shall be mutually agreed between the parties in accordance with this clause 6 but so that (unless the parties agree otherwise) no Shares shall be issued other than to a member of the AB Group and BMP Group.
ISSUE OF NEW SHARES. 7.1 If the Company proposes to issue and allot new Shares (the 'New Shares"), each Shareholder shall be notified in writing of such issuance, the number of the New Shares to be issued, the terms of the issue and the subscription price per Share of the New Shares.
ISSUE OF NEW SHARES. 7.1. Upon the Scheme coming into effect and in consideration of the demerger of the Demerged Undertaking into LSIL, without any further act or deed on the part of LSIL, LSIL will issue and allot 89,86,98,382 equity shares of Re.1 each (the "New Shares"). The New Shares will be issued to registered fully paid-up equity shareholders of UVSL in the ratio of 68:100, i.e. 68 equity shares of Re.1 each credited as fully paid up in LSIL for every 100 equity shares of Rs.10 each fully paid up held by them in UVSL) (the "New Shares Entitlement Ratio"). The New Shares will be issued to registered fully paid-up equity shareholders of UVSL whose names are recorded in the register of equity shareholders of UVSL on the Record Date which may be prior to the reduction of paid-up share capital and sub-division of face value of shares of UVSL, as more particularly provided under Clauses 9.1 and 9.3 of this Scheme.
ISSUE OF NEW SHARES. All Shares issued by the Company after the date of adoption in this constitution will, unless the board specifies otherwise, at the time of issue or as a condition of issue, be deemed to be nominal value Shares having the nominal value specified in clause 4.11 or such other nominal value as may at the time of issue be specified by the board (in its absolute discretion) or by this constitution.
ISSUE OF NEW SHARES. Article 5
ISSUE OF NEW SHARES. As at the date of this announcement, the issued and paid-up share capital of the Company is SGD$89,840,988, comprising 1,539,452,227 ordinary shares (“Shares”). Upon completion of the Agreement, the existing issued and paid-up share capital of the Company will increase from SGD$89,840,988 comprising 1,539,452,227 Shares to SGD$90,090,988, comprising 1,545,549,788 Shares. Financial Impact Based on the audited FY2005 Full-Year Financial Statement of the mDR Group, the Agreement does not have a material impact on the net tangible asset per share or on the earnings per share of the Group.
ISSUE OF NEW SHARES. If Shares cannot be issued by reason of any limitation or restriction elsewhere in this constitution, then the board may issue Shares if the board obtains the approval for the issue in the same manner as approval is required for an alteration to this constitution that would permit such an issue. Subject to the terms of the approval, the Shares may be issued at any time, to any person, and in any number the board thinks fit. Within 10 working days of approval being given under clause 5.5, the board must ensure that notice of that approval in the prescribed form is delivered to the Registrar for registration. Nothing in this clause affects the need to obtain the approval of an interest group in accordance with section 117 if the issue affects the rights of that interest group. Pre-emptive rights on issue Unless specifically provided by the terms of issue of any class of Shares, section 45 of the Companies Act does not apply.
