Common use of Ownership Restrictions Clause in Contracts

Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional documents of the Company or applicable English law as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. Notwithstanding any other provision of the Deposit Agreement or of the Receipts and without limiting the foregoing, by accepting or holding an ADR, each Holder agrees to provide such information as the Company may request in a disclosure notice (a “Disclosure Notice”) given pursuant to the United Kingdom Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the “Companies Act”) or the constitutional documents of the Company. By accepting or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents of the Company which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, each Holder agrees to comply with the provisions of the United Kingdom Disclosure and Transparency Rules (as amended from time to time, the “DTRs”) with regard to the notification to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company in accordance with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) above.

Appears in 2 contracts

Samples: Deposit Agreement (Amec PLC), Deposit Agreement (Amec PLC)

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Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional documents of the Company or applicable English law as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. Notwithstanding any other provision of in the Deposit Agreement or of the Receipts and without limiting the foregoing, by accepting or holding an any ADR, each Holder agrees to provide such information as the Company may request restrict transfers of the Shares where such transfer might result in a disclosure notice (a “Disclosure Notice”) given pursuant to the United Kingdom Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the “Companies Act”) ownership of Shares exceeding limits imposed by applicable law or the constitutional documents Articles of Incorporation of the Company. By accepting or holding an ADRThe Company may also restrict, each Holder acknowledges that in such manner as it understands that failure to comply with a Disclosure Notice deems appropriate, transfers of the ADSs where such transfer may result in the imposition total number of sanctions against Shares represented by the holder ADSs owned by a single Holder or Beneficial Owner exceeding any such limits. The Company may, in its sole discretion but subject to applicable law, instruct the Depositary to take action with respect to the ownership interest of any Holder or Beneficial Owner in excess of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided limits set forth in the Companies Act and the constitutional documents of the Company which currently includepreceding sentence, the withdrawal of the voting rights of such Shares and including, but not limited to, the imposition of restrictions on the transfer of ADSs, the removal or limitation of voting rights to receive dividends or mandatory sale or disposition on behalf of a Holder or Beneficial Owner of the Shares represented by the ADSs held by such Holder or Beneficial Owner in excess of such limitations, if and to transfer the extent such Sharesdisposition is permitted by applicable law and the Articles of Incorporation of the Company. In additionNothing herein shall be interpreted as obligating the Depositary or the Company to ensure compliance with the ownership restrictions described in this Section 3.5. The Company has informed the Depositary that, by accepting as of the date hereof, the following provisions are necessary or holding an ADR, each Holder agrees desirable to comply with the provisions Financial Instruments and Exchange Act of Japan, and other applicable Japanese law: (a) Without prejudice to the United Kingdom Disclosure and Transparency Rules requirements of applicable law concerning disclosure of beneficial ownership of Shares, any Beneficial Owner of Shares (as amended from time defined below) represented by ADSs who becomes, or ceases to timebe, directly or indirectly, the “DTRs”Beneficial Owner of Shares of more than 5% of all outstanding Shares (whether such interest is held in whole or only in part through ADRs) with regard shall, within five days (excluding Saturdays, Sundays and legal holidays in Japan) following such event, send written notice to the notification Depositary at its Transfer Office and to the Company at its principal office in Japan currently at 7-0, Xxxxx 0-xxxxx, Xxxxxx-xx, Xxxxx 000-0000, Xxxxx, Attention: Investor Relations Department, containing the following information: (i) the name, address and nationality of interests in such Beneficial Owner of Shares and certain financial instrumentsall other persons by whom or on whose behalf such Shares have been acquired or are held; the number of ADSs, total Shares and total Share equivalents (as defined below) (including ADSs) beneficially owned, directly or indirectly, by such Beneficial Owner of Shares immediately before and immediately after the event requiring notification; the names and addresses of any persons other than the Depositary, the Custodian, or either of their nominees, through whom such beneficially owned Shares (including Share equivalents; in this Section 3.5, the same shall apply hereafter as the context so requires) are held, or in whose name such Shares are registered in the Company’s shareholders’ register, and the respective numbers of Shares beneficially held through each such person; the date or dates of acquisition of the beneficial interest in such Shares; and the number of any Shares in which currently providesuch Beneficial Owner of Shares has the right to acquire, inter aliadirectly or indirectly, that beneficial ownership and material information as to such right(s) of acquisition; and (ii) the names, addresses and nationalities of any persons with whom such Beneficial Owner is acting as a Holder must partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding, voting or disposing of a beneficial interest in Shares; and the number of Shares being acquired, held, voted or disposed of as a result of such association (being the total number held by such group). Any Beneficial Owner of Shares of more than 5% of all outstanding Shares shall promptly notify the Depositary and the Company as provided above of any material change in the information previously notified, including, without limitation, a change of 1% or more of the percentage of its voting rights he holds as shareholder or holds or is deemed total Shares to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company in accordance with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) abovebeneficial ownership relates.

Appears in 2 contracts

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

Ownership Restrictions. The Company has informed the Depositary that, pursuant to the terms of Brazilian law and its Estatuto Social, the Company may, in certain circumstances, (i) restrict the transfers of the Shares where such transfers may result in the direct or indirect ownership of Shares or voting rights by a single owner, or group of owners, exceeding the limits imposed by applicable Brazilian law and/or the Estatuto Social of the Company, (ii) remove or restrict the voting rights accruing to a single owner of Shares, or group of owners of Shares, where the voting rights of the owners of such Shares exceed the limits imposed by applicable Brazilian law and/or the Estatuto Social of the Company, and (iii) impose a compulsory offer by the Company to repurchase Shares owned by a single owner, or group of owners, that exceed the limits set forth by applicable Brazilian law and/or in the Estatuto Social of the Company, at a purchase price determined in accordance with applicable Brazilian law and/or the Estatuto Social of the Company. The Company has further informed the Depositary that Brazilian law and its Estatuto Social may, in certain circumstances, prohibit shareholder agreements entered into which could have the effect of exceeding the limits imposed by Brazilian law and/or the Estatuto Social of the Company on direct or indirect ownership of Shares or voting rights by a single owner, or group of owners, of Shares. The Company has also informed the Depositary that (x) the limitations on direct or indirect ownership of Shares or voting rights set forth in the Company’s Estatuto Social are intended to regulate direct and indirect beneficial ownership of Shares and voting rights and not the actions of intermediaries, such as the Depositary and the Custodian, who hold the title of Shares for the benefit of the beneficial owners of the Shares without discretionary powers over such Shares or the voting rights associated with such Shares, and (y) the prohibition set forth in the Company’s Estatuto Social on shareholder agreements entered into with the intent to exceed such ownership of Shares or voting rights is intended prohibit such agreements among direct and indirect beneficial owners of Shares and not the actions of intermediaries, such as the Depositary and the Custodian, who hold the title of Shares for the benefit of the beneficial owners of the Shares without discretionary powers over such Shares or the voting rights associated with such Shares. As a result, the Company agrees with the Depositary that (i) the limitations on direct or indirect ownership of Shares or voting rights shall apply to the Holders and Beneficial Owners of ADSs (as opposed to the Custodian or the Depositary), and (ii) the Deposit Agreement shall comply not be considered a shareholder agreement entered into with any limitations the intent to exceed the limitation on ownership of Shares under or voting rights. Notwithstanding any provision in the constitutional documents of Deposit Agreement or any ADR, the Company or applicable English law as if they held may instruct the number of Shares their ADSs represent. The Company shall inform the HoldersDepositary to, Beneficial Owners and the Depositary may, and upon such instruction from the Company use commercially practicable efforts to, (i) restrict the transfer of Shares and the issuance, transfer and cancellation of ADSs when the Depositary is informed by the Company that such issuance, transfer or cancellation may result in the direct or indirect ownership of Shares (including Shares in the form of ADSs) or voting rights by certain Holders and/or Beneficial Owners of ADSs exceeding the limits imposed by applicable Brazilian law and/or the Estatuto Social of the Company, (ii) remove or restrict the voting rights accruing to ADSs when the Depositary is informed by the Company that the direct or indirect ownership of voting rights by certain Holders and/or Beneficial Owners of ADSs exceeds the limits imposed by applicable Brazilian law and/or the Estatuto Social of the Company, and restrict, in such manner as it deems commercially practicable, any other action or instruction of any Holder or Beneficial Owner of ADSs directly, or indirectly through the Depositary or the Custodian, that may result in a breach of the prohibition on shareholder agreements entered into with the intent to exceed any such limits, as imposed under applicable Brazilian law and/or the Estatuto Social of the Company, and (iii) take action with respect to the ownership interests of any Holder or Beneficial Owner of ADSs in particular, and the Holders and Beneficial Owners of ADSs in general, in excess of the ownership and/or voting limits set forth in applicable Brazilian law and/or the Estatuto Social of the Company, including, but not limited to, the limitation on corporate actions made available to Holders and Beneficial Owners of ADSs and the mandatory sale or disposition on behalf of Holders or Beneficial Owners of the Shares represented by the ADSs in excess of such limitations, if and to the extent such action is not prohibited by applicable Brazilian law and/or the Estatuto Social of the Company. Nothing herein shall be interpreted as obligating the Depositary or the Company to ensure compliance by direct or indirect owners of Shares (including, without limitation, Holders and Beneficial Owners of ADSs) with the ownership restrictions in place from time under applicable Brazilian law and/or the Estatuto Social of the Company. The Depositary shall not be subject to time. Notwithstanding any other provision liability for any acts performed or omitted by the Depositary, the Custodian, and any of their respective directors, employees, agents, and Affiliates pursuant to the terms of this Section 3.5.”. (b) Section 4.10 of the Deposit Agreement or is hereby amended by deleting such section in its entirety as of the Receipts Effective Date and without limiting the foregoing, by accepting or holding an ADR, each Holder agrees to provide replacing such information as the Company may request in a disclosure notice (a “Disclosure Notice”) given pursuant to the United Kingdom Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the “Companies Act”) or the constitutional documents of the Company. By accepting or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents of the Company which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, each Holder agrees to comply section with the provisions of the United Kingdom Disclosure and Transparency Rules (as amended from time to time, the “DTRs”) with regard to the notification to the Company of interests following in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company in accordance with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) above.stead:

Appears in 2 contracts

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

Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional documents of the Company or applicable English law as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. Notwithstanding any other provision of the Deposit Agreement or of the Receipts and without limiting the foregoing, by accepting or holding an ADR, each Holder agrees to provide such information as the Company may request in a disclosure notice (a “Disclosure Notice”) given pursuant to the United Kingdom Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the “Companies Act”) or the constitutional documents of the Company. By accepting or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents of the Company which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, each Holder agrees to comply with the provisions of the United Kingdom Disclosure and Transparency Rules (as amended from time to time, the “DTRs”) with regard to the notification to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company in accordance with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) above.

Appears in 2 contracts

Samples: Deposit Agreement (Amec PLC), Deposit Agreement (Amec PLC)

Ownership Restrictions. The Company has informed the Depositary that, pursuant to the terms of Brazilian law and its Estatuto Social, the Company may, in certain circumstances, (i) restrict the transfers of the Shares where such transfers may result in the direct or indirect ownership of Shares or voting rights by a single owner, or group of owners, exceeding the limits imposed by applicable Brazilian law and/or the Estatuto Social of the Company, (ii) remove or restrict the voting rights accruing to a single owner of Shares, or group of owners of Shares, where the voting rights of the owners of such Shares exceed the limits imposed by applicable Brazilian law and/or the Estatuto Social of the Company, and (iii) impose a compulsory offer by the Company to repurchase Shares owned by a single owner, or group of owners, that exceed the limits set forth by applicable Brazilian law and/or in the Estatuto Social of the Company, at a purchase price determined in accordance with applicable Brazilian law and/or the Estatuto Social of the Company. The Company has further informed the Depositary that Brazilian law and its Estatuto Social may, in certain circumstances, prohibit shareholder agreements entered into which could have the effect of exceeding the limits imposed by Brazilian law and/or the Estatuto Social of the Company on direct or indirect ownership of Shares or voting rights by a single owner, or group of owners, of Shares. The Company has also informed the Depositary that (x) the limitations on direct or indirect ownership of Shares or voting rights set forth in the Company’s Estatuto Social are intended to regulate direct and indirect beneficial ownership of Shares and voting rights and not the actions of intermediaries, such as the Depositary and the Custodian, who hold the title of Shares for the benefit of the beneficial owners of the Shares without discretionary powers over such Shares or the voting rights associated with such Shares, and (y) the prohibition set forth in the Company’s Estatuto Social on shareholder agreements entered into with the intent to exceed such ownership of Shares or voting rights is intended prohibit such agreements among direct and indirect beneficial owners of Shares and not the actions of intermediaries, such as the Depositary and the Custodian, who hold the title of Shares for the benefit of the beneficial owners of the Shares without discretionary powers over such Shares or the voting rights associated with such Shares. As a result, the Company agrees with the Depositary that (i) the limitations on direct or indirect ownership of Shares or voting rights shall apply to the Holders and Beneficial Owners of ADSs (as opposed to the Custodian or the Depositary), and (ii) the Deposit Agreement shall comply not be considered a shareholder agreement entered into with any limitations the intent to exceed the limitation on ownership of Shares under the constitutional documents of the Company or applicable English law as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to timevoting rights. Notwithstanding any other provision of in the Deposit Agreement or of the Receipts and without limiting the foregoing, by accepting or holding an any ADR, each Holder agrees to provide such information as the Company may request instruct the Depositary to, and the Depositary may, and upon such instruction from the Company use commercially practicable efforts to, (i) restrict the transfer of Shares and the issuance, transfer and cancellation of ADSs when the Depositary is informed by the Company that such issuance, transfer or cancellation may result in the direct or indirect ownership of Shares (including Shares in the form of ADSs) or voting rights by certain Holders and/or Beneficial Owners of ADSs exceeding the limits imposed by applicable Brazilian law and/or the Estatuto Social of the Company, (ii) remove or restrict the voting rights accruing to ADSs when the Depositary is informed by the Company that the direct or indirect ownership of voting rights by certain Holders and/or Beneficial Owners of ADSs exceeds the limits imposed by applicable Brazilian law and/or the Estatuto Social of the Company, and restrict, in such manner as it deems commercially practicable, any other action or instruction of any Holder or Beneficial Owner of ADSs directly, or indirectly through the Depositary or the Custodian, that may result in a disclosure notice breach of the prohibition on shareholder agreements entered into with the intent to exceed any such limits, as imposed under applicable Brazilian law and/or the Estatuto Social of the Company, and (a “Disclosure Notice”iii) given pursuant take action with respect to the United Kingdom Companies Act 2006 (as amended from time to time ownership interests of any Holder or Beneficial Owner of ADSs in particular, and including any statutory modification or re-enactment thereofthe Holders and Beneficial Owners of ADSs in general, in excess of the ownership and/or voting limits set forth in applicable Brazilian law and/or the Estatuto Social of the Company, including, but not limited to, the “Companies Act”) limitation on corporate actions made available to Holders and Beneficial Owners of ADSs and the mandatory sale or disposition on behalf of Holders or Beneficial Owners of the constitutional documents Shares represented by the ADSs in excess of such limitations, if and to the extent such action is not prohibited by applicable Brazilian law and/or the Estatuto Social of the Company. By accepting Nothing herein shall be interpreted as obligating the Depositary or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents of the Company which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, ensure compliance by accepting or holding an ADR, each Holder agrees to comply with the provisions of the United Kingdom Disclosure and Transparency Rules (as amended from time to time, the “DTRs”) with regard to the notification to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal owners of Shares (including, without limitation, Holders and Beneficial Owners of ADSs) with the ownership restrictions under applicable Brazilian law and/or the Estatuto Social of the Company. The Depositary shall not be subject to any liability for any acts performed or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed omitted by the Company in accordance with Depositary, the DTRs. The notification must be effected as soon as possibleCustodian, but not later than two London Stock Exchange trading Days after and any of their respective directors, employees, agents, and Affiliates pursuant to the Holder (a) learns terms of Section 3.5 of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) aboveDeposit Agreement.

Appears in 2 contracts

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

Ownership Restrictions. Holders Owners and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional documents Bye-laws of the Company or applicable English Bermuda law as if they held the number of Shares their ADSs American Depositary Shares represent. The Company shall inform the HoldersOwners, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. Notwithstanding any other provision The Company may restrict transfers of the Deposit Agreement Shares where such transfer might result in ownership of Shares exceeding the limits applicable to the Shares under applicable law or the Company's Memorandum of Association or Bye-laws. The Company may, in its sole discretion, but subject to applicable law, instruct the Receipts and without limiting Depositary to take action with respect to the foregoing, by accepting ownership interest of any Holder or holding an ADR, each Holder agrees to provide such information as the Company may request in a disclosure notice (a “Disclosure Notice”) given Beneficial Owner pursuant to the United Kingdom Companies Act 2006 (as amended from time to time and Company's Bye-laws, including any statutory modification or re-enactment thereofbut not limited to, the “Companies Act”) removal or limitation of voting rights or the constitutional documents mandatory sale or disposition on behalf of the Company. By accepting a Holder or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder Beneficial Owner of the Shares represented by the ADRs held by such Holder or Beneficial Owner in respect excess of which such limitations, if and to the non-complying person extent such disposition is or was, or appears to be or has been, interested as provided in the Companies Act permitted by applicable law and the constitutional documents Company's Memorandum of the Company which currently include, the withdrawal of the voting rights of Association and Bye-laws; provided that any such Shares measures are practicable and the imposition of restrictions on the rights to receive dividends on and to transfer such Sharescan be undertaken without undue burden or expense. In addition, by accepting or holding an ADR, each Holder agrees to comply with the provisions of the United Kingdom Disclosure and Transparency Rules (as amended from time to time, the “DTRs”) with regard to the notification to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company The Depositary shall have no liability for any actions taken in accordance with such instructions. (ASSIGNMENT AND TRANSFER SIGNATURE LINES) FOR VALUE RECEIVED, the DTRsundersigned Holder hereby sell(s), assign(s) and transfer(s) unto ______________________________ whose taxpayer identification number is _______________________ and whose address including postal zip code is ____________________________, the within Receipt and all rights thereunder, hereby irrevocably constituting and appointing ________________________ attorney-in-fact to transfer said Receipt on the books of the Depositary with full power of substitution in the premises. Dated: Name:________________________________ By: Title: NOTICE: The notification signature of the Holder to this assignment must correspond with the name as written upon the face of the within instrument in every particular, without alteration or enlargement or any change whatsoever. If the endorsement be executed by an attorney, executor, administrator, trustee or guardian, the person executing the endorsement must give his/her full title in such capacity and proper evidence of authority to act in such capacity, if not on file with the Depositary, must be effected as soon as possible, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) above.forwarded with this Receipt. SIGNATURE GUARANTEED ____________________ A-19 TABLE OF CONTENTS Page ARTICLE I. DEFINITIONS.........................................................1 ....1 SECTION 1.3 "American Depositary Share(s)" and "ADS(s)"...............

Appears in 2 contracts

Samples: Deposit Agreement (Babcock & Brown Air LTD), Deposit Agreement (Babcock & Brown Air LTD)

Ownership Restrictions. Holders and Beneficial Owners shall comply with Notwithstanding any limitations on other provision in the Deposit Agreement or any ADR, the Company may restrict transfers of the Shares where such transfer might result in ownership of Shares under exceeding limits imposed by applicable law or the constitutional documents Articles of Association of the Company. The Company or applicable English law may also restrict, in such manner as if they held it deems appropriate, transfers of the ADSs where such transfer may result in the total number of Shares their represented by the ADSs representowned by a single Holder or Beneficial Owner to exceed any such limits. The Company shall inform may, in its sole discretion but subject to applicable law, instruct the HoldersDepositary to take action with respect to the ownership interest of any Holder or Beneficial Owner in excess of the limits set forth in the preceding sentence, including, but not limited to, the imposition of restrictions on the transfer of ADSs, the removal or limitation of voting rights or mandatory sale or disposition on behalf of a Holder or Beneficial Owners Owner of the Shares represented by the ADSs held by such Holder or Beneficial Owner in excess of such limitations, if and to the extent such disposition is permitted by applicable law and the Articles of Association of the Company. Nothing herein shall be interpreted as obligating the Depositary of any such or the Company to ensure compliance with the ownership restrictions described in place from time to timethis Section 3.5. Notwithstanding any other provision of the Deposit Agreement or of the Receipts ADRs and without limiting the foregoing, by accepting or holding being a Holder of an ADR, each such Holder agrees to provide such information as the Company may request in a disclosure notice (a "Disclosure Notice") given pursuant to the United Kingdom Great Britain Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the "Companies Act") or the constitutional documents Articles of Association of the Company. By accepting or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents Articles of the Company Association which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, ADR each Holder agrees to comply with the provisions of the United Kingdom Disclosure Financial Conduct Authority’s Disclosure, Guidance and Transparency Rules (as amended from time to time, the “DTRs”) and with regard to the notification to the Company of interests in Shares and certain financial instrumentsShares, which currently provide, inter alia, that a any Holder who is or becomes directly or indirectly interested (within the meaning of the Companies Act) in 3% or more of the outstanding Shares, or is aware that another person for whom it holds such ADRs is so interested, must within two business days after becoming so interested or so aware (and thereafter in certain circumstances upon any change to the particulars previously notified) notify the Company as required by the DTRs. After the relevant threshold is exceeded, similar notifications must be made in respect of whole percentage figure increases or decreases, rounded down to the nearest whole number. The Company reserves the right to instruct Holders to deliver their ADSs for cancellation and withdrawal of the percentage of its voting rights he holds Deposited Securities so as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if permit the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up Company to 100% deal directly with the Holder thereof as a result of an acquisition or disposal holder of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below and Holders agree to comply with such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by instructions. The Depositary agrees to cooperate with the Company in accordance with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days after the Holder (a) learns its efforts to inform Holders of the acquisition Company's exercise of its rights under this paragraph and agrees to consult with, and provide reasonable assistance without risk, liability or disposal or expense on the part of the possibility of exercising voting rightsDepositary, or on which, having regard to the circumstances, should have learned of it, regardless of Company on the date on manner or manners in which the acquisition, disposal or possibility of exercising voting it may enforce such rights takes effect, or (b) is informed of the event mentioned in (ii) abovewith respect to any Holder.

Appears in 2 contracts

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

Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional documents Articles of Incorporation of the Company or applicable English United Kingdom law as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. Notwithstanding any other provision of the Deposit Agreement or of the Receipts this ADR and without limiting the foregoing, by accepting or holding being a Holder of an ADR, each such Holder agrees to provide such information as the Company may request in a disclosure notice (a "Disclosure Notice") given pursuant to the United Kingdom Great Britain Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the "Companies Act") or the constitutional documents Articles of Association of the Company. By accepting or holding an this ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents Articles of the Company Association which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, this ADR each Holder agrees to comply with the provisions of the United Kingdom Disclosure and Transparency Rules (as amended from time to time, the “DTRs”) Companies Act with regard to the notification to the Company of interests in Shares and certain financial instrumentsShares, which currently provide, inter alia, that a any Holder who is or becomes directly or indirectly interested (within the meaning of the Companies Act) in 3% or more of the outstanding Shares, or is aware that another person for whom it holds such ADRs is so interested, must within two Business Days after becoming so interested or so aware (and thereafter in certain circumstances upon any change to the particulars previously notified) notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed required by the Company in accordance with Companies Act. After the DTRs. The notification relevant threshold is exceeded, similar notifications must be effected as soon as possiblemade in whole respect of whole percentage figure increases or decreases, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard rounded down to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) abovenearest whole number.

Appears in 2 contracts

Samples: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group), Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group)

Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional documents Articles of Incorporation of the Company or applicable English United Kingdom law as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. Notwithstanding any other provision of the Deposit Agreement or of the Receipts this ADR and without limiting the foregoing, by accepting or holding being a Holder of an ADR, each such Holder agrees to provide such information as the Company may request in a disclosure notice (a "Disclosure Notice") given pursuant to the United Kingdom Great Britain Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the "Companies Act") or the constitutional documents Articles of Association of the Company. By accepting or holding an this ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents Articles of the Company Association which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, this ADR each Holder agrees to comply with the provisions of the United Kingdom Disclosure and Transparency Rules (as amended from time to time, the “DTRs”) Companies Act with regard to the notification to the Company of interests in Shares and certain financial instrumentsShares, which currently provide, inter alia, that a any Holder who is or becomes directly or indirectly interested (within the meaning of the Companies Act) in 3% or more of the outstanding Shares, or is aware that another person for whom it holds such ADRs is so interested, must within two business days after becoming so interested or so aware (and thereafter in certain circumstances upon any change to the particulars previously notified) notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed required by the Company in accordance with Companies Act. After the DTRs. The notification relevant threshold is exceeded, similar notifications must be effected as soon as possiblemade in whole respect of whole percentage figure increases or decreases, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard rounded down to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) abovenearest whole number.

Appears in 2 contracts

Samples: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group), Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group)

Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional constituent documents of the Company or applicable English Malaysian law as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. Notwithstanding any other provision of the Deposit Agreement The Company advises Holders and Beneficial Owners, and by holding a Receipt or of the Receipts and without limiting the foregoing, by accepting or holding an ADR, interest in American Depositary Shares each Holder agrees to provide such information as the Company may request in a disclosure notice (a “Disclosure Notice”) given and Beneficial Owner agrees, that pursuant to the United Kingdom Companies Act 2006 Xxx 0000 of Malaysia and the Securities Industry (as amended from time to time and including any statutory modification Reporting of Substantial Shareholding) Regulations 1998 of Malaysia a Holder or re-enactment thereof, Beneficial Owner (i) who is or becomes interested (within the “Companies Act”) or the constitutional documents meaning of the Company. By accepting Companies Xxx 0000 of Malaysia or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result any reenactment or amendment thereof (the "Act")) in the imposition of sanctions against the holder 5% or more of the outstanding Shares in respect of which the non-complying person or (ii) who is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents becomes a substantial shareholder of the Company which currently include, within the withdrawal meaning of the voting rights Act (a "Substantial Shareholder") or (iii) who is aware that another person for whom it holds American Depositary Shares is so interested or (iv) who is aware that another person for whom it holds American Depositary Shares is a Substantial Shareholder, shall within seven days or such other time specified in the Act, after becoming (a) interested in 5% or more of the outstanding Shares or (b) a Substantial Shareholder or (c) aware that it holds American Depositary Shares for a person so interested or (d) aware that another person for whom it holds American Depositary Shares is a Substantial Shareholder, and thereafter upon any changes in such Shares interests, including ceasing to be a Substantial Shareholder, notify the Company and the imposition Securities Commission as required by the Act. Each Holder and Beneficial Owner further agrees to make such disclosure of restrictions interests in Shares of the Company as may be required to be made by such Holder or Beneficial Owner, as the case may be, under any laws, regulations or codes of practice applicable in Malaysia (including but not limited to the Malaysian Code on Takeovers and Mergers, 2010 and any successor thereto) whether or not the same may be enforceable against such Holder or Beneficial Owner. The Company reserves the rights to receive require Holders and/or Beneficial Owners to cancel American Depositary Shares so as to enable the Company to enforce its rights against such Holders and/or Beneficial Owner and by holding an American Depositary Share or interest therein, Holders and Beneficial Owners agree to abide by any such Company demand. The Depositary agrees to forward any such demand of the Company to Holders. Holders and Beneficial Owners are advised that sanctions may include limitations on the transfer of Shares and limitations on the payment of dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, each Each Holder and Beneficial Owner agrees to comply with any applicable limitation on holding Shares under the provisions articles of association of the United Kingdom Disclosure and Transparency Rules Company (as may be amended or supplemented by the Company from time to time, the “DTRs”) with regard to the notification to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company in accordance with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) above).

Appears in 1 contract

Samples: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group)

Ownership Restrictions. Holders and Beneficial Owners shall comply with Notwithstanding any limitations on other provision in the Deposit Agreement or any ADR, the Company may restrict transfers of the Shares where such transfer might result in ownership of Shares under exceeding limits imposed by applicable law or the constitutional documents Articles of Association of the Company. The Company or applicable English law may also restrict, in such manner as if they held it deems appropriate, transfers of the ADSs where such transfer may result in the total number of Shares their represented by the ADSs representowned by a single Holder or Beneficial Owner to exceed any such limits. The Company shall inform may, in its sole discretion but subject to applicable law, instruct the HoldersDepositary to take action with respect to the ownership interest of any Holder or Beneficial Owner in excess of the limits set forth in the preceding sentence, including, but not limited to, the imposition of restrictions on the transfer of ADSs, the removal or limitation of voting rights or mandatory sale or disposition on behalf of a Holder or Beneficial Owners Owner of the Shares represented by the ADSs held by such Holder or Beneficial Owner in excess of such limitations, if and to the extent such disposition is permitted by applicable law and the Articles of Association of the Company. Nothing herein shall be interpreted as obligating the Depositary of any such or the Company to ensure compliance with the ownership restrictions described in place from time to timethis Section 3.5. Notwithstanding any other provision of the Deposit Agreement or of the Receipts ADRs and without limiting the foregoing, by accepting or holding being a Holder of an ADR, each such Holder agrees to provide such information as the Company may request in a disclosure notice (a "Disclosure Notice") given pursuant to the United Kingdom U.K. Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the "Companies Act") or the constitutional documents Articles of Association of the Company. By accepting or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents Articles of the Company Association which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, ADR each Holder agrees to comply with the provisions of the United Kingdom Disclosure Financial Conduct Authority’s Disclosure, Guidance and Transparency Rules (as amended from time to time, the “DTRs”) and with regard to the notification to the Company of interests in Shares and certain financial instrumentsShares, which currently provide, inter alia, that a any Holder who is or becomes directly or indirectly interested (within the meaning of the Companies Act) in 3% or more of the outstanding Shares, or is aware that another person for whom it holds such ADRs is so interested, must within two business days after becoming so interested or so aware (and thereafter in certain circumstances upon any change to the particulars previously notified) notify the Company as required by the DTRs. After the relevant threshold is exceeded, similar notifications must be made in respect of whole percentage figure increases or decreases, rounded down to the nearest whole number. The Company reserves the right to instruct Holders to deliver their ADSs for cancellation and withdrawal of the percentage of its voting rights he holds Deposited Securities so as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if permit the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up Company to 100% deal directly with the Holder thereof as a result of an acquisition or disposal holder of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below and Holders agree to comply with such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by instructions. The Depositary agrees to cooperate with the Company in accordance with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days after the Holder (a) learns its efforts to inform Holders of the acquisition Company's exercise of its rights under this paragraph and agrees to consult with, and provide reasonable assistance without risk, liability or disposal or expense on the part of the possibility of exercising voting rightsDepositary, or on which, having regard to the circumstances, should have learned of it, regardless of Company on the date on manner or manners in which the acquisition, disposal or possibility of exercising voting it may enforce such rights takes effect, or (b) is informed of the event mentioned in (ii) abovewith respect to any Holder.

Appears in 1 contract

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

Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional documents Articles of Incorporation of the Company or applicable English United Kingdom law as if they held the number of Shares their ADSs American Depositary Shares represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. Notwithstanding any other provision of the Deposit Agreement or of the Receipts this ADR and without limiting the foregoing, by accepting or holding being a Holder of an ADR, each such Holder agrees to provide such information as the Company may request in a disclosure notice (a "Disclosure Notice") given pursuant to the United Kingdom Great Britain Companies Act 2006 1985 (as amended from time to time and including any statutory modification or re-enactment thereof, the "Companies Act") or the constitutional documents Articles of Association of the Company. By accepting or holding an this ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents Articles of the Company Association, which currently include, include the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, this ADR each Holder agrees to comply with the provisions of the United Kingdom Disclosure and Transparency Rules (as amended from time to time, the “DTRs”) Companies Act with regard to the notification to the Company of interests in Shares and certain financial instrumentsShares, which currently provideprovide (or may be amended), inter alia, that a any Holder who is or becomes directly or indirectly interested (within the meaning of the Companies Act) in 3% or more of the outstanding Shares, or is aware that another person for whom it holds such ADRs is so interested, must within two business days after becoming so interested or so aware (and thereafter in certain circumstances upon any change to the particulars previously notified) notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed required by the Company in accordance with Companies Act. After the DTRs. The notification relevant threshold is exceeded, similar notifications must be effected as soon as possiblemade in whole respect of whole percentage figure increases or decreases, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard rounded down to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) abovenearest whole number.

Appears in 1 contract

Samples: Deposit Agreement (Burberry Group PLC/Fi)

Ownership Restrictions. Holders and Beneficial Owners shall comply with Notwithstanding any limitations on other provision contained in the Deposit Agreement or any ADR(s) to the contrary, the Company may restrict transfers of the Shares where such transfer might result in ownership of Shares under exceeding limits imposed by applicable law or the constitutional documents Articles of Association of the Company. The Company or applicable English law may also restrict, in such manner as if they held it deems appropriate, transfers of the ADSs where such transfer may result in the total number of Shares their represented by the ADSs representowned by a single Holder or Beneficial Owner to exceed any such limits. The Company shall inform may, in its sole discretion but subject to applicable law, instruct the HoldersDepositary to take action with respect to the ownership interest of any Holder or Beneficial Owner in excess of the limits set forth in the preceding sentence, including, but not limited to, the imposition of restrictions on the transfer of ADSs, the removal or limitation of voting rights or mandatory sale or disposition on behalf of a Holder or Beneficial Owners Owner of the Shares represented by the ADSs held by such Holder or Beneficial Owner in excess of such limitations, if and to the extent such disposition is permitted by applicable law and the Articles of Association of the Company. Nothing herein shall be interpreted as obligating the Depositary of any such or the Company to ensure compliance with the ownership restrictions described in place from time to timethis Section 3.5. Notwithstanding any other provision of the Deposit Agreement or of the Receipts ADRs and without limiting the foregoing, by accepting or holding being a Holder of an ADR, each such Holder agrees to provide such information as the Company may reasonably request in a disclosure notice (a “Disclosure Notice”) given pursuant to the United Kingdom U.K. Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the “Companies Act”) or the constitutional documents of the Company). By accepting or holding an ADR, each Holder acknowledges that it understands and agrees that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents of the Company which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, each The Company reserves the right to instruct Holders to deliver their ADSs for cancellation and withdrawal of the Deposited Securities so as to permit the Company to deal directly with the Holder agrees thereof as a holder of Shares and Holders agree to comply with such instructions. The Depositary agrees to cooperate with the provisions Company in its efforts to inform Holders of the United Kingdom Disclosure Company’s exercise of its rights under this paragraph and Transparency Rules (as amended from time agrees to timeconsult with, and provide reasonable assistance without risk, liability or expense on the “DTRs”) with regard to part of the notification Depositary, to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company manner or manners in accordance which it may enforce such rights with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard respect to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) aboveany Holder.

Appears in 1 contract

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

Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional constituent documents of the Company or applicable English United Kingdom law as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any limitations on ownership of Shares that the Holders and Beneficial Owners may be subject to by reason of the number of American Depositary Shares held under the constituent documents of the Company, or applicable United Kingdom law, as such ownership restrictions may be in place force from time to time. Notwithstanding any other provision of the Deposit Agreement or of the Receipts and without limiting the foregoing, by By accepting or holding an ADR, ADR each Holder and Beneficial Owner agrees to provide such information as comply with the Company may request in a disclosure notice (a “Disclosure Notice”) given pursuant to provisions of the United Kingdom Companies Act 2006 Disclosure and Transparency Rules (as amended from time to time and including any statutory modification or re-enactment thereof, the “Companies Act”) or the constitutional documents of the Company. By accepting or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents of the Company which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, each Holder agrees to comply with the provisions of the United Kingdom Disclosure and Transparency Rules (as amended from time to time, the “DTRs”) with regard to the notification to the Company of interests in Shares and certain financial instruments), which currently provide, inter alia, that a Holder person must notify the Company of the percentage of its voting rights he which such person holds as a shareholder or holds or is deemed to hold through his such person's direct or indirect holding of certain financial instruments (as defined in the DTRs) (or a combination of such holdings) if the percentage of those such voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company in accordance with the DTRs. The Such notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days days after the date on which the Holder or Beneficial Owner (as the case may be) (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) above.

Appears in 1 contract

Samples: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group)

Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional documents of the Company or applicable English law as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. Notwithstanding any other provision contained in this ADR or of the Deposit Agreement to the contrary, the Company may restrict transfers of the Shares where such transfer might result in ownership of Shares exceeding limits imposed by applicable law or the Articles of Association. The Company may also restrict, in such manner as it deems appropriate, transfers of the ADSs where such transfer may result in the total number of Shares represented by the ADSs owned by a single Holder or Beneficial Owner to exceed any such limits. The Company may, in its sole discretion but subject to applicable law, instruct the Depositary to take action with respect to the ownership interest of any Holder or Beneficial Owner in excess of the limits set forth in the preceding sentence, including but not limited to, the imposition of restrictions on the transfer of ADSs, the removal or limitation of voting rights or the mandatory sale or disposition on behalf of a Holder or Beneficial Owner of the Shares represented by the ADSs held by such Holder or Beneficial Owner in excess of such limitations, if and to the extent such disposition is permitted by applicable law and the Articles of Association. Nothing herein or in the Deposit Agreement shall be interpreted as obligating the Notwithstanding any provision of this Deposit Agreement or of the Receipts any ADR(s) and without limiting the foregoing, by accepting or holding being a Holder of an ADR, each such Holder agrees to provide such information as the Company may request in a disclosure notice (a “Disclosure Notice”) given pursuant to the United Kingdom U.K. Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the “Companies Act”) or the constitutional documents Articles of the CompanyAssociation. By accepting or holding an this ADR, each the Holder hereof acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares this ADR in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents Articles of the Company Association which currently include, the withdrawal of the voting rights of such Shares ADR and the imposition of restrictions on the rights to receive dividends on and to transfer such SharesADR. In addition, by accepting or holding an ADR, each The Company reserves the right to instruct Holders to deliver their ADSs for cancellation and withdrawal of the Deposited Securities so as to permit the Company to deal directly with the Holder agrees thereof as a holder of Shares and Holders agree to comply with such instructions. The Depositary agrees to cooperate with the provisions Company in its efforts to inform Holders, at the Company’s expense, of the United Kingdom Disclosure Company’s exercise of its rights under this paragraph and Transparency Rules (as amended from time agrees to timeconsult with, and provide reasonable assistance without risk, liability or expense on the “DTRs”) with regard to part of the notification Depositary, to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company manner or manners in accordance which it may enforce such rights with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard respect to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) aboveany Holder.

Appears in 1 contract

Samples: Deposit Agreement (Freeline Therapeutics Holdings PLC)

Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional documents Articles of Incorporation of the Company or applicable English United Kingdom law as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. Notwithstanding any other provision of the Deposit Agreement or of the Receipts ADRs and without limiting the foregoing, by accepting or holding an ADRbeing a Holder, each such Holder agrees to provide such information as the Company may request in a disclosure notice (a "Disclosure Notice") given pursuant to the United Kingdom Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the "Companies Act") or the constitutional documents Articles of Association of the Company. By accepting or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents Articles of the Company Association which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, ADR each Holder agrees to comply with the provisions of the United Kingdom Disclosure and Transparency Rules (as amended from time to time, the "DTRs") with regard to the notification to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company in accordance with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) above.

Appears in 1 contract

Samples: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group)

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Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional documents Articles of Association of the Company or applicable English law as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. Notwithstanding any other provision of the Deposit Agreement or of the Receipts this Receipt and without limiting the foregoing, by accepting being a Holder or holding an ADRBeneficial Owner, each Holder and Beneficial Owner agrees to provide such information as the Company may request in a disclosure notice (a "Disclosure Notice") given pursuant to the United Kingdom Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the "Companies Act") or the constitutional documents Articles of Association of the Company. By accepting or holding an ADRthis Receipt, each Holder and Beneficial Owner acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents Articles of the Company Association which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, this Receipt each Holder and Beneficial Owner agrees to comply with the provisions of the United Kingdom Disclosure and Transparency Rules (as amended from time to time, the "DTRs") with regard to the notification to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder or Beneficial Owner must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company in accordance with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days days after the Holder or Beneficial Owner (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) above.

Appears in 1 contract

Samples: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group)

Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional documents of the Company or applicable English law as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. Notwithstanding any other provision of contained in the Deposit Agreement or any ADR(s) to the contrary, the Company may restrict transfers of the Receipts Shares where such transfer might result in ownership of Shares exceeding limits imposed by applicable law or the Articles of Association. The Company may also restrict, in such manner as it deems appropriate, transfers of the ADSs where such transfer may result in the Notwithstanding any provision of this Deposit Agreement or of any ADR(s) and without limiting the foregoing, by accepting or holding being a Holder of an ADR, each such Holder agrees to provide such information as the Company may request in a disclosure notice (a “Disclosure Notice”) given pursuant to the United Kingdom U.K. Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the “Companies Act”) or the constitutional documents Articles of the CompanyAssociation. By accepting or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares ADR in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents Articles of the Company Association which currently include, the withdrawal of the voting rights of such Shares ADR and the imposition of restrictions on the rights to receive dividends on and to transfer such SharesADR. In addition, by accepting or holding an ADR, each The Company reserves the right to instruct Holders to deliver their ADSs for cancellation and withdrawal of the Deposited Securities so as to permit the Company to deal directly with the Holder agrees thereof as a holder of Shares and Holders agree to comply with such instructions. The Depositary agrees to cooperate with the provisions Company in its efforts to inform Holders, at the Company’s expense, of the United Kingdom Disclosure Company’s exercise of its rights under this paragraph and Transparency Rules (as amended from time agrees to timeconsult with, and provide reasonable assistance without risk, liability or expense on the “DTRs”) with regard to part of the notification Depositary, to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company manner or manners in accordance which it may enforce such rights with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard respect to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) aboveany Holder.

Appears in 1 contract

Samples: Deposit Agreement (Freeline Therapeutics Holdings PLC)

Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under (a) Without the constitutional documents of the Company or applicable English law as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. Notwithstanding any other provision of the Deposit Agreement or of the Receipts and without limiting the foregoing, by accepting or holding an ADR, each Holder agrees to provide such information as the Company may request in a disclosure notice (a “Disclosure Notice”) given pursuant to the United Kingdom Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the “Companies Act”) or the constitutional documents prior written consent of the Company. By accepting or holding an ADR, Trace Xxxxxx, each Holder acknowledges that it understands that failure Series D Purchaser and each Series E Purchaser (each, for purposes of this Section 3.1, a "Special Purchaser") will not, and will not permit any of its subsidiaries or affiliates to, directly or indirectly, authorize or make a tender, exchange or other offer for, or purchase or otherwise acquire, or agree to comply with a Disclosure Notice may result in the imposition acquire, or obtain, directly or indirectly, beneficial ownership of sanctions against the holder any shares of the Shares in respect Company's Common Stock (including the Trace Xxxxxx Common), Preferred Stock (including the Series D, Series E and Xxxxx Xxxxxx Preferred), and any other securities issued by the Company entitled to vote generally for the election of which directors of the Company, whether currently outstanding or hereafter issued (collectively, "Voting Stock") or beneficial ownership of any (i) non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents voting securities of the Company which are convertible in Voting Stock, whether currently includeoutstanding or hereafter issued, and/or (ii) options, warrants and other rights to acquire Voting Stock whether currently outstanding or hereafter granted (collectively, "Rights to Acquire Voting Stock"), if the withdrawal of the voting rights effect of such Shares acquisition would be to increase the number of shares of Voting Stock then owned by such Special Purchaser and the imposition its subsidiaries and affiliates to an amount equal to more than twenty percent (20%) of restrictions on the rights to receive dividends on and to transfer all Voting Stock or more than 50% of any class of Voting Stock outstanding at such Shares. In addition, by accepting or holding an ADR, each Holder agrees to comply with the provisions of the United Kingdom Disclosure and Transparency Rules (as amended from time to time, assuming for the “DTRs”purposes of determining each such percentage the exercise and/or conversion of all Rights to Acquire Voting Stock, whether owned by such Special Purchaser or otherwise. (b) with regard Notwithstanding Section 3.1(a), a Special Purchaser shall not be obligated to the notification dispose of any shares of Voting Stock or any Rights to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) Acquire Voting Stock if the percentage ownership of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% such Special Purchaser is increased as a result of an acquisition or disposal a recapitalization of Shares or certain financial instrumentsthe Company, a repurchase of securities of the Company, any other action taken by the Company, or any termination or expiration of Rights to Acquire Voting Stock (ii) reacheseach, exceeds a "Percentage Increase Event"). If a Percentage Increase Event results in a Special Purchaser owning more than the percentages allowed under this Section 3, such Special Purchaser shall not thereafter acquire any additional Voting Stock or falls below Rights to Acquire Voting Stock unless such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company in accordance with the DTRs. The notification must acquisition would otherwise be effected as soon as possible, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) abovepermitted under this Section 3.

Appears in 1 contract

Samples: Registration Rights Agreement (Preview Travel Inc)

Ownership Restrictions. Holders and Beneficial Owners shall comply with Notwithstanding any limitations on other provision contained in this ADR or of the Deposit Agreement to the contrary, the Company may restrict transfers of the Shares where such transfer might result in ownership of Shares under exceeding limits imposed by applicable law or the constitutional documents Articles of Association of the Company. The Company or applicable English law may also restrict, in such manner as if they held it deems appropriate, transfers of the ADSs where such transfer may result in the total number of Shares their represented by the ADSs representowned by a single Holder or Beneficial Owner to exceed any such limits. The Company shall inform may, in its sole discretion but subject to applicable law, instruct the HoldersDepositary to take action with respect to the ownership interest of any Holder or Beneficial Owner in excess of the limits set forth in the preceding sentence, including but not limited to, the imposition of restrictions on the transfer of ADSs, the removal or limitation of voting rights or the mandatory sale or disposition on behalf of a Holder or Beneficial Owners Owner of the Shares represented by the ADSs held by such Holder or Beneficial Owner in excess of such limitations, if and to the extent such disposition is permitted by applicable law and the Articles of Association of the Company. Nothing herein or in the Deposit Agreement shall be interpreted as obligating the Depositary of any such or the Company to ensure compliance with the ownership restrictions described herein or in place from time to timeSection 3.5 of the Deposit Agreement. Notwithstanding any other provision of the Deposit Agreement or of the Receipts this ADRs and without limiting the foregoing, by accepting or holding an ADRbeing a Holder of this ADR (and of the ADSs evidenced hereby), each the Holder agrees to provide such information as the Company may reasonably request in a disclosure notice (a “Disclosure Notice”) given pursuant to the United Kingdom U.K. Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the “Companies Act”) or the constitutional documents of the Company). By accepting or holding an this ADR, each the Holder acknowledges that it understands and agrees that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents of the Company which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, each The Company reserves the right to instruct Holders to deliver their ADSs for cancellation and withdrawal of the Deposited Securities so as to permit the Company to deal directly with the Holder agrees thereof as a holder of Shares and Holders agree to comply with such instructions. The Depositary agrees to cooperate with the provisions Company in its efforts to inform Holders of the United Kingdom Disclosure Company’s exercise of its rights under this paragraph and Transparency Rules (as amended from time agrees to timeconsult with, and provide reasonable assistance without risk, liability or expense on the “DTRs”) with regard to part of the notification Depositary, to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company manner or manners in accordance which it may enforce such rights with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard respect to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) aboveany Holder.

Appears in 1 contract

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

Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional documents of the Company or applicable English law as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. Notwithstanding any other provision of the Deposit Agreement or of the Receipts and without limiting the foregoing, by accepting or holding an ADR, each Holder agrees to provide such information as the Company may request in a disclosure notice (a "Disclosure Notice") given pursuant to the United Kingdom Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the "Companies Act") or the constitutional documents of the Company. By accepting or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents of the Company which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, each Holder agrees to comply with the provisions of the United Kingdom Disclosure and Transparency Rules (as amended from time to time, the "DTRs") with regard to the notification to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company in accordance with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) above.

Appears in 1 contract

Samples: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group)

Ownership Restrictions. Holders Owners and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional documents Bye-laws of the Company or applicable English Bermuda law as if they held the number of Shares their ADSs American Depositary Shares represent. The Company shall inform the HoldersOwners, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. Notwithstanding any other provision The Company may restrict transfers of the Deposit Agreement Shares where such transfer might result in ownership of Shares exceeding the limits applicable to the Shares under applicable law or the Company's Memorandum of Association or Bye-laws. The Company may, in its sole discretion, but subject to applicable law, instruct the Receipts and without limiting Depositary to take action with respect to the foregoing, by accepting ownership interest of any Holder or holding an ADR, each Holder agrees to provide such information as the Company may request in a disclosure notice (a “Disclosure Notice”) given Beneficial Owner pursuant to the United Kingdom Companies Act 2006 (as amended from time to time and Company's Bye-laws, including any statutory modification or re-enactment thereofbut not limited to, the “Companies Act”) removal or limitation of voting rights or the constitutional documents mandatory sale or disposition on behalf of the Company. By accepting a Holder or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder Beneficial Owner of the Shares represented by the ADRs held by such Holder or Beneficial Owner in respect excess of which such limitations, if and to the non-complying person extent such disposition is or was, or appears to be or has been, interested as provided in the Companies Act permitted by applicable law and the constitutional documents Company's Memorandum of the Company which currently include, the withdrawal of the voting rights of Association and Bye-laws; provided that any such Shares measures are practicable and the imposition of restrictions on the rights to receive dividends on and to transfer such Sharescan be undertaken without undue burden or expense. In addition, by accepting or holding an ADR, each Holder agrees to comply with the provisions of the United Kingdom Disclosure and Transparency Rules (as amended from time to time, the “DTRs”) with regard to the notification to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company The Depositary shall have no liability for any actions taken in accordance with such instructions. (ASSIGNMENT AND TRANSFER SIGNATURE LINES) FOR VALUE RECEIVED, the DTRs. The notification must be effected as soon as possibleundersigned Holder hereby sell(s), but not later than two London Stock Exchange trading Days after assign(s) and transfer(s) unto ______________________________ whose taxpayer identification number is _______________________ and whose address including postal zip code is ____________________________, the Holder (a) learns within Receipt and all rights thereunder, hereby irrevocably constituting and appointing ________________________ attorney-in-fact to transfer said Receipt on the books of the acquisition or disposal or Depositary with full power of substitution in the possibility of exercising voting rights, or on which, having regard to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) above.premises. Dated: Name: --------------------------------- By: Title:

Appears in 1 contract

Samples: Deposit Agreement (Genesis Lease LTD)

Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional documents of the Company or applicable English law as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. Notwithstanding any other provision of the Deposit Agreement or of the Receipts and without limiting the foregoing, by accepting or holding an ADR, each Holder agrees to provide such information as the Company may request in a disclosure notice (a "Disclosure Notice") given pursuant to the United Kingdom Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the "Companies Act") or the constitutional documents of the Company. By accepting or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents of the Company which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, each Holder agrees to comply with the provisions of the United Kingdom Disclosure and Transparency Rules (as amended from time to time, the "DTRs") with regard to the notification to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company in accordance with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) above.

Appears in 1 contract

Samples: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group)

Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional documents articles of association of the Company or Company, applicable English law or rules of any regulatory authority as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any such ownership restrictions in place from time to time. To the extent that the provisions of or governing any Deposited Securities may require disclosure of or impose limits on beneficial or other ownership of Deposited Securities, other Shares and other securities and may provide for blocking transfer, voting or other rights to enforce such disclosure or limits, Holders and all persons holding ADRs agree to comply with all such disclosure requirements and ownership limitations and to comply with any reasonable Company instructions in respect thereof. The Company reserves the right to instruct Holders to deliver their ADSs for cancellation and withdrawal of the Deposited Securities so as to permit the Company to deal directly with the Holder thereof as a holder of Shares and Holders agree to comply with such instructions. The Depositary agrees to cooperate with the Company in its efforts to inform Holders of the Company's exercise of its rights under this paragraph and agrees to consult with, and provide reasonable assistance without risk, liability or expense on the part of the Depositary, to the Company on the manner or manners in which it may enforce such rights with respect to any Holder. Notwithstanding any other provision of the Deposit Agreement or of the Receipts ADRs and without limiting the foregoing, by accepting or holding an ADRbeing a Holder, each such Holder agrees to provide such information as the Company may request in a disclosure notice (a "Disclosure Notice") given pursuant to the United Kingdom Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereofthereof and regulations issued thereunder, the "Companies Act") or the constitutional documents articles of association of the Company. By accepting or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents articles of association of the Company which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by By accepting or holding an ADR, ADR each Holder agrees to comply with the provisions of the United Kingdom Disclosure and Transparency Rules (as amended from time to time, the “DTRs”) Companies Act with regard to the notification to the Company of interests in Shares and certain financial instrumentsShares, which currently provide, inter alia, that a any Holder who is or becomes directly or indirectly interested (within the meaning of the Companies Act) in 3% or more of the outstanding Shares, or is aware that another person for whom it holds such ADRs is so interested, must within two Business Days after becoming so interested or so aware (and thereafter in certain circumstances upon any change to the particulars previously notified) notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed required by the Company in accordance with Companies Act. After the DTRs. The notification relevant threshold is exceeded, similar notifications must be effected as soon as possiblemade in whole respect of whole percentage figure increases or decreases, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard rounded down to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) abovenearest whole number.

Appears in 1 contract

Samples: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group)

Ownership Restrictions. Holders and Beneficial Owners shall comply with any limitations on ownership of Shares under the constitutional constituent documents of the Company or applicable English Malaysian law as if they held the number of Shares their ADSs represent. The Company shall inform the Holders, Beneficial Owners and the Depositary of any limitations on ownership of Shares that the Holders and Beneficial Owners may be subject to under the constituent documents of the Company, applicable Malaysian law or the listing rules of Bursa Malaysia Securities Bhd by reason of the number of Shares Deposited under this Deposit Agreement and/or the number American Depositary Shares held, as such ownership restrictions may be in place force from time to time. Notwithstanding any other provision of the Deposit Agreement The Company advises Holders and Beneficial Owners, and by holding a Receipt or of the Receipts and without limiting the foregoing, by accepting or holding an ADR, interest in American Depositary Shares each Holder agrees to provide such information as the Company may request in a disclosure notice (a “Disclosure Notice”) given and Beneficial Owner agrees, that pursuant to the United Kingdom Companies Act 2006 Xxx 0000 of Malaysia and the Securities Industry (as amended from time to time and including any statutory modification Reporting of Substantial Shareholding) Regulations 1998 of Malaysia a Holder or re-enactment thereof, Beneficial Owner (i) who is or becomes interested (within the “Companies Act”) or the constitutional documents meaning of the Company. By accepting Companies Xxx 0000 of Malaysia or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result any reenactment or amendment thereof (the "Act")) in the imposition of sanctions against the holder 5% or more of the outstanding Shares in respect of which the non-complying person or (ii) who is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents becomes a substantial shareholder of the Company which currently include, within the withdrawal meaning of the voting rights Act (a "Substantial Shareholder") or (iii) who is aware that another person for whom it holds American Depositary Shares is so interested or (iv) who is aware that another person for whom it holds American Depositary Shares is a Substantial Shareholder, shall within seven days or such other time specified in the Act, after becoming (a) interested in 5% or more of the outstanding Shares or (b) a Substantial Shareholder or (c) aware that it holds American Depositary Shares for a person so interested or (d) aware that another person for whom it holds American Depositary Shares is a Substantial Shareholder, and thereafter upon any changes in such Shares interests, including ceasing to be a Substantial Shareholder, notify the Company and the imposition Securities Commission as required by the Act. Each Holder and Beneficial Owner further agrees to make such disclosure of restrictions interests in Shares of the Company as may be required to be made by such Holder or Beneficial Owner, as the case may be, under any laws, regulations or codes of practice applicable in Malaysia (including but not limited to the Malaysian Code on Takeovers and Mergers, 2010 and any successor thereto) whether or not the same may be enforceable against such Holder or Beneficial Owner. The Company reserves the rights to receive require Holders and/or Beneficial Owners to cancel American Depositary Shares so as to enable the Company to enforce its rights against such Holders and/or Beneficial Owner and by holding an American Depositary Share or interest therein, Holders and Beneficial Owners agree to abide by any such Company demand. The Depositary agrees to forward any such demand of the Company to Holders. Holders and Beneficial Owners are advised that sanctions may include limitations on the transfer of Shares and limitations on the payment of dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, each Each Holder and Beneficial Owner agrees to comply with any applicable limitation on holding Shares under the provisions articles of association of the United Kingdom Disclosure and Transparency Rules Company (as may be amended or supplemented by the Company from time to time, the “DTRs”) with regard to the notification to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company in accordance with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) above).

Appears in 1 contract

Samples: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group)

Ownership Restrictions. Holders and Beneficial Owners shall comply with Notwithstanding any limitations on other provision contained in this ADR or of the Deposit Agreement to the contrary, the Company may restrict transfers of the Shares where such transfer might result in ownership of Shares under exceeding limits imposed by applicable law or the constitutional documents Articles of Association of the Company. The Company or applicable English law may also restrict, in such manner as if they held it deems appropriate, transfers of the ADSs where such transfer may result in the total number of Shares their represented by the ADSs representowned by a single Holder or Beneficial Owner to exceed any such limits. The Company shall inform may, in its sole discretion but subject to applicable law, instruct the HoldersDepositary to take action with respect to the ownership interest of any Holder or Beneficial Owner in excess of the limits set forth in the preceding sentence, including but not limited to, the imposition of restrictions on the transfer of ADSs, the removal or limitation of voting rights or the mandatory sale or disposition on behalf of a Holder or Beneficial Owners Owner of the Shares represented by the ADSs held by such Holder or Beneficial Owner in excess of such limitations, if and to the extent such disposition is permitted by applicable law and the Articles of Association of the Company. Nothing herein or in the Deposit Agreement shall be interpreted as obligating the Depositary of any such or the Company to ensure compliance with the ownership restrictions described herein or in place from time to timeSection 3.5 of the Deposit Agreement. Notwithstanding any other provision of the Deposit Agreement or of the Receipts ADRs and without limiting the foregoing, by accepting or holding being a Holder of an ADR, each such Holder agrees to provide such information as the Company may request in a disclosure notice (a “Disclosure Notice”) given pursuant to the United Kingdom U.K. Companies Act 2006 (as amended from time to time and including any statutory modification or re-enactment thereof, the “Companies Act”) or the constitutional documents Articles of Association of the Company. By accepting or holding an ADR, each Holder acknowledges that it understands that failure to comply with a Disclosure Notice may result in the imposition of sanctions against the holder of the Shares in respect of which the non-complying person is or was, or appears to be or has been, interested as provided in the Companies Act and the constitutional documents Articles of the Company Association which currently include, the withdrawal of the voting rights of such Shares and the imposition of restrictions on the rights to receive dividends on and to transfer such Shares. In addition, by accepting or holding an ADR, each The Company reserves the right to instruct Holders to deliver their ADSs for cancellation and withdrawal of the Deposited Securities so as to permit the Company to deal directly with the Holder agrees thereof as a holder of Shares and Holders agree to comply with such instructions. The Depositary agrees to cooperate with the provisions Company in its efforts to inform Holders of the United Kingdom Disclosure Company’s exercise of its rights under this paragraph and Transparency Rules (as amended from time agrees to timeconsult with, and provide reasonable assistance without risk, liability or expense on the “DTRs”) with regard to part of the notification Depositary, to the Company of interests in Shares and certain financial instruments, which currently provide, inter alia, that a Holder must notify the Company of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of certain financial instruments (or a combination of such holdings) if the percentage of those voting rights (i) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% as a result of an acquisition or disposal of Shares or certain financial instruments, or (ii) reaches, exceeds or falls below such applicable thresholds as a result of events changing the breakdown of voting rights and on the basis of information disclosed by the Company manner or manners in accordance which it may enforce such rights with the DTRs. The notification must be effected as soon as possible, but not later than two London Stock Exchange trading Days after the Holder (a) learns of the acquisition or disposal or of the possibility of exercising voting rights, or on which, having regard respect to the circumstances, should have learned of it, regardless of the date on which the acquisition, disposal or possibility of exercising voting rights takes effect, or (b) is informed of the event mentioned in (ii) aboveany Holder.

Appears in 1 contract

Samples: Deposit Agreement (BICYCLE THERAPEUTICS LTD)

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