Ownership of Material Group Companies. 16.1.22.1 Each existing Material Group Company on the date of this Agreement (other than the Cerro Corona Subsidiary, Newshelf, GFO, GFIJVH and the Ghanaian Companies) is a wholly-owned Subsidiary of the Parent and any member of the Group which becomes a Material Group Company after the date of this Agreement will be a wholly or partially owned Subsidiary of the Parent and the members of the Group holding the shares in such Material Group Company have not reduced their shareholding in such Subsidiary below the level of their shareholding at the time such Subsidiary became a Material Group Company.
16.1.22.2 The Parent holds at least 74% (seventy-four percent) of the issued share capital of Newshelf.
16.1.22.3 Newshelf holds at least 74% (seventy-four percent) of the issued share capital of each of GFO and GFIJVH.
16.1.22.4 The Parent indirectly holds at least 90% (ninety percent) of the issued share capital of each Ghanaian Company.
16.1.22.5 The Parent indirectly holds at least 99% (ninety-nine percent) of the common shares in the share capital of the Cerro Corona Subsidiary (which equates to 98,5% (ninety eight comma five percent) of the issued and outstanding shares in the share capital of the Cerro Corona Subsidiary).
Ownership of Material Group Companies. (a) Each existing Material Group Company on the date of this Agreement (other than the Cerro Corona Subsidiary, Newshelf and the Ghanaian Companies) is a wholly-owned Subsidiary of the Parent and any member of the Group which becomes a Material Group Company after the date of this Agreement will be a wholly or partially owned subsidiary of the Parent and the members of the Group holding the shares in such Material Group Company have not reduced their shareholding in such Subsidiary below the level of their shareholding at the time such Subsidiary became a Material Group Company.
(b) The Parent holds at least seventy-four per cent. (74%) of the issued share capital of GFI Mining South Africa (Proprietary) Limited.
(c) The Parent holds at least seventy-four per cent. (74%) of the issued share capital of Newshelf.
(d) Newshelf holds at least seventy-four per cent. (74%) of the issued share capital of each of Gold Fields Operations Limited and GFI Joint Venture Holdings (Proprietary) Limited.
(e) The Parent indirectly holds at least ninety per cent. (90%) of the issued share capital of each Ghanaian Company.
(f) The Parent indirectly holds at least ninety-nine per cent. (99%) of the common shares in the share capital of the Cerro Corona Subsidiary (which equates to ninety-eight point five per cent. (98.5%) of the issued and outstanding shares in the share capital of the Cerro Corona Subsidiary).
Ownership of Material Group Companies. 16.1.21.1 Each Material Group Company (other than GFIMSA, the Cerro Corona Subsidiary and the Ghanaian Companies) is a wholly-owned subsidiary of the Parent.
16.1.21.2 The Parent holds at least 74% (seventy-four percent) of the issued share capital of GFIMSA.
16.1.21.3 The Parent indirectly holds at least 71,1% (seventy-one comma one percent) of the issued share capital of each Ghanaian Company.
16.1.21.4 The Parent indirectly holds at least 92% (ninety-two percent) of the voting shares in the share capital of the Cerro Corona Subsidiary (which equates to 80,7% (eighty comma seven percent) of the issued and outstanding shares in the share capital of the Cerro Corona Subsidiary).
Ownership of Material Group Companies. A Material Group Company (other than the Parent) is not or ceases to be a wholly owned Subsidiary of the Parent, save for any Permitted Disposal.
Ownership of Material Group Companies. 16.1.21.1 Each Material Group Company (other than the Cerro Corona Subsidiary and the Ghanaian Companies) is a wholly-owned subsidiary of the Parent, provided that:
16.1.21.1.1 the Parent may reduce its holding in GFIMSA to not less than 74% (seventy-four percent) of the issued share capital of GFIMSA pursuant to a bona fide BEE Transaction;
16.1.21.1.2 GFIMSA may reduce its holding in GFO to not less than 74% (seventy-four percent) of the issued share capital of GFO pursuant to a bona fide BEE Transaction.
16.1.21.2 The Parent indirectly holds at least 71,1% (seventy-one comma one percent) of the issued share capital of each Ghanaian Company.
16.1.21.3 The Parent indirectly holds at least 92% (ninety-two percent) of the voting shares in the share capital of the Cerro Corona Subsidiary (which equates to 80,7% (eighty comma seven percent) of the issued and outstanding shares in the share capital of the Cerro Corona Subsidiary).
Ownership of Material Group Companies. (a) Each Material Group Company (other than GFI Mining South Africa (Proprietary) Limited, the Cerro Corona Subsidiary and the Ghanaian Companies) is a wholly-owned Subsidiary of the Parent.
(b) The Parent holds at least seventy four per cent. (74%) of the issued share capital of GFI Mining South Africa (Proprietary) Limited.
(c) The Parent indirectly holds at least seventy one point one per cent. (71.1%) of the issued share capital of each Ghanaian Company.
(d) The Parent indirectly holds at least ninety two per cent. (92%) of the voting shares in the share capital of the Cerro Corona Subsidiary (which equates to eighty point seven per cent. (80.7%) of the issued and outstanding shares in the share capital of the Cerro Corona Subsidiary).
Ownership of Material Group Companies. (a) Each Material Group Company (other than GFI Mining South Africa (Proprietary) Limited, the Cerro Corona Subsidiary, Promotora Minera de Guayana, S.A., and the Ghanaian Companies) is a wholly-owned Subsidiary of the Parent.
(b) The Parent holds at least 74% of the issued share capital of GFI Mining South Africa (Proprietary) Limited.
(c) The Parent indirectly holds at least 71.1% of the issued share capital of each Ghanaian Company.
(d) The Parent indirectly holds at least 92% of the voting shares in the share capital of the Cerro Corona Subsidiary (which equates to 80.7% of the issued and outstanding shares in the share capital of the Cerro Corona Subsidiary).
(e) The Parent indirectly holds at least 95% of the issued share capital of Promotora Minera de Guayana, S.A., which owns and operates the Choco 10 mine in Venezuela.
Ownership of Material Group Companies. (a) Each Material Group Company (other than the Cerro Corona Subsidiary and the Ghanaian Companies) is a wholly-owned Subsidiary of the Parent.
(b) The Parent holds at least 71% of the issued share capital of each Ghanaian Company.
(c) The Parent holds at least 92% of the voting shares in the share capital of the Cerro Corona Subsidiary (which equates to 80.7% of the issued and outstanding shares in the share capital of the Cerro Corona Subsidiary).
Ownership of Material Group Companies. (a) Each Material Group Company (other than the Cerro Corona Subsidiary and the Ghanaian Companies) is a wholly-owned Subsidiary of the Parent.
(b) The Parent holds at least seventy four per cent. (74%) of the issued share capital of GFI Mining South Africa (Proprietary) Limited.
(c) GFI Mining South Africa (Proprietary) Limited holds at least seventy four per cent. (74%) of the issued share capital of each of Gold Fields Operations Limited and GFI Joint Venture Holdings (Proprietary) Limited.
(d) The Parent indirectly holds at least seventy one point one per cent. (71.1%) of the issued share capital of each Ghanaian Company.
(e) The Parent indirectly holds at least ninety two per cent. (92%) of the voting shares in the share capital of the Cerro Corona Subsidiary (which equates to eighty point seven per cent. (80.7%) of the issued and outstanding shares in the share capital of the Cerro Corona Subsidiary).
Ownership of Material Group Companies. 16.22.1 Each existing Material Group Company on the Signature Date (other than the Cerro Corona Subsidiary, Newshelf, the Ghanaian Companies, GFO and GFIJVH) is a wholly-owned Subsidiary of the Parent and any member of the Group which becomes a Material Group Company after the Signature Date will be a wholly or partially owned Subsidiary of the Parent and the members of the Group holding the shares in such Material Group Company have not reduced their shareholding in such Subsidiary below the level of their shareholding at the time such Subsidiary became a Material Group Company.
16.22.2 the Parent holds at least 74% of the issued share capital of Newshelf.
16.22.3 Newshelf holds at least 74% of the issued share capital of each of GFO and GFIJVH.
16.22.4 the Parent indirectly holds at least 90% of the issued share capital of each Ghanaian Company.
16.22.5 the Parent indirectly holds at least 99% of the common shares in the share capital of the Cerro Corona Subsidiary (which equates to 98.5% of the issued and outstanding shares in the share capital of the Cerro Corona Subsidiary).
