Common use of NOTIFICATION OF CORPORATE EVENTS AND CASH DIVIDENDS Clause in Contracts

NOTIFICATION OF CORPORATE EVENTS AND CASH DIVIDENDS. 14.1 Computershare shall notify clients of all corporate events as required in terms of the Securities Legislation ,which includes but is not limited to non-elective events i.e. announcements and related information.. 14.2 Computershare is not obliged to send such notification as stated in 14.1 above to the extent that all the salient details of such non-elective benefits are incorporated in the Annual Financial Statements, Interim Statements or a shareholder circular by the Issuer and it has been or will be sent directly to the Client by an Issuer. 14.3 Computershare will send its notification on receipt of the final announcement published by the CSD. 14.4 Clients may elect not to receive annual financial statements or circulars provided that they understand the implications and consequences of such an election. By choosing not to receive the documentation, the Clients acknowledge that they may not receive pertinent information concerning non-elective events or the payment of dividends. 14.5 Dividend information will continue to be published in the local newspapers in terms of standard market practice and Computershare will continue to send a payment advice/statement once the payment or corporate action has been processed.

Appears in 2 contracts

Samples: Custody and Settlement Agreement, Custody Agreement

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NOTIFICATION OF CORPORATE EVENTS AND CASH DIVIDENDS. 14.1 Computershare shall notify clients of all corporate events as required in terms of the Securities Legislation ,Legislation, which includes but is not limited to non-non- elective events i.e. announcements and related information..information.‌ 14.2 Computershare is not obliged to send such notification as stated in 14.1 above to the extent that all the salient details of such non-elective benefits are incorporated in the Annual Financial Statements, Interim Statements or a shareholder circular by the Issuer and it has been or will be sent directly to the Client by an Issuer. 14.3 Computershare will send its notification on receipt of the final announcement published by the CSD. 14.4 Clients The Client may elect not to receive annual financial statements or circulars provided that they understand the implications and consequences of such an election. By choosing not to receive the documentation, the Clients acknowledge Client acknowledges that they may not receive pertinent information concerning non-non- elective events or the payment of dividends.dividends.‌ 14.5 Dividend information will continue to be published in the local newspapers in terms of standard market practice and Computershare will continue to send a payment advice/statement once the payment or corporate action has been processed.

Appears in 1 contract

Samples: Custody and Settlement Agreement

NOTIFICATION OF CORPORATE EVENTS AND CASH DIVIDENDS. 14.1 13.1 Computershare shall notify clients Clients and the Market Participants of all corporate events as required in terms of the Securities Legislation ,Legislation, which includes but is not limited to non-elective events i.e. announcements and related information.. 14.2 Computershare is not obliged to send such notification as stated in 14.1 above to the extent that all the salient details of such non-elective benefits are incorporated in the Annual Financial Statements, Interim Statements or a shareholder circular by the Issuer and it has been or will be sent directly to the Client by an Issuer. 14.3 13.2 Computershare will send its notification on receipt of the final announcement published by the CSD. 14.4 Clients 13.3 The Client may elect not to receive annual financial statements or circulars provided that they understand the implications and consequences of such an election. By choosing not to receive the documentation, the Clients acknowledge Client acknowledges that they may not receive pertinent information concerning non-elective events or the payment of dividends. 14.5 13.4 Dividend information will continue to be published in the local newspapers and on the ZAR X Publishing Service (“ZAPS”) in terms of standard market practice and Computershare will continue to send a payment advice/statement once the payment or corporate action has been processed. 13.5 Where Securities have been pledged, Computershare will notify the Pledgor of the corporate event. The corporate event may result in the pledge on the Securities being released and the Pledgor must instruct Computershare to re- pledge the Securities if required.

Appears in 1 contract

Samples: Custody Agreement

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NOTIFICATION OF CORPORATE EVENTS AND CASH DIVIDENDS. 14.1 Computershare shall notify clients Clients of all corporate events as required in terms of the Securities Legislation ,Legislation, which includes but is not limited to non-elective events i.e. announcements and related information... 14.2 Computershare is not obliged to send such notification as stated in 14.1 above to the extent that all the salient details of such non-elective benefits are incorporated in the Annual Financial Statements, Interim Statements or a shareholder circular by the Issuer and it has been or will be sent directly to the Client by an Issuer. 14.3 Computershare will send its notification on receipt of the final announcement published by the CSD. 14.4 Clients 14.3 The Client may elect not to receive annual financial statements or circulars provided that they understand the implications and consequences of such an election. By choosing not to receive the documentation, the Clients acknowledge Client acknowledges that they may not receive pertinent information concerning non-elective events or the payment of dividends. 14.5 14.4 Dividend information will continue to be published in the local newspapers in terms of standard market practice and Computershare will continue to send a payment advice/statement once the payment or corporate action has been processed. 14.5 Where Securities have been pledged, Computershare will notify the Pledgor of the corporate event. The corporate event may result in the pledge on the Securities being released and the Pledgor must instruct Computershare to re- pledge the Securities if required.

Appears in 1 contract

Samples: Custody and Settlement Agreement

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