SHARE ISSUES. 11.1 If any shares in the issued share capital of the Purchaser that are the same class of shares as the issued share capital of the Purchaser as at the Signature Date are subdivided and/or consolidated or if any bonus or other shares in the share capital of the Purchaser are issued upon a capitalisation of its profits, reserves or other distributable assets ("Capitalisation Issue") in the Interim Period, then the number of Consideration Shares (on the Signature Date) shall on the Closing Date be amended so that such figure is the figure ("Amended Figure") obtained by ––
11.1.1 in the case of a subdivision, multiplying the number of the Consideration Shares (or any Amended Figure previously calculated in terms of this clause 11) by the number of DRDGOLD Shares into which each DRDGOLD Share is subdivided in terms of such subdivision; or
11.1.2 in the case of a consolidation, dividing the number of Consideration Shares (or any Amended Figure previously calculated in terms of this clause 11) by the number of DRDGOLD Shares which will be consolidated to create one DRDGOLD Share in terms of such consolidation;
11.1.3 in the case of Capitalisation Issue, adding to the number of Consideration Shares (or any Amended Figure previously calculated in terms of this clause 11) the product obtained by multiplying the number of Consideration Shares (or any Amended Figure previously calculated in terms of this clause 11) by the number of new DRDGOLD Shares issued for each existing DRDGOLD Share in terms of such Capitalisation Issue. 12
SHARE ISSUES issue or offer to any person any shares or loan capital, or other securities convertible or exchangeable into shares or loan capital, or allow to arise or subsist any interest in any share or loan capital, of such Subsidiary or the Company or purchase or redeem or reorganise any share or loan capital of such Subsidiary or the Company except for any shares issued or offered to the Company;
SHARE ISSUES. 26 12 DELISTING ................................................................................................................ 27 13 LOCK-IN .................................................................................................................... 28 14 WAIVER OF PRE-EMPTIVE RIGHTS ....................................................................... 29 15
SHARE ISSUES. No Obligor will, and each Obligor will procure that none of its Subsidiaries will, allot or issue any securities (valeurs mobilieres) other than:
(i) an issue of shares by one Group Company (other than Finco) to another Group Company (other than Finco) allxxxxx, in the case of non wholly-owned membexx xx the Group, for proportionate issues to minority shareholders;
(ii) an issue of shares by one Group Company (other than Finco) to any Group pension scheme or employee incentixx xxheme;
(iii) any issue of shares in the Parent for the purposes of an Equity Contribution; or
(iv) any issue of shares with the prior consent of the Majority Lenders.
SHARE ISSUES. Each BNZ Party shall ensure that all consents and authorisations that are required for the issue of the shares that are to be issued by it on the Trigger Event Conversion Date as contemplated by this agreement are maintained in full force and effect.
SHARE ISSUES. A company can acquire more capital for its operations, for example, through a share issue subject to a fee, either by issuing new shares (rights issue) or surrendering its shares in its possession for subscription in a share issue. A share issue may involve the issue of shares against payment (share issue against payment) or free of charge (share issue without payment). The existing shareholders often receive subscription rights entailing a pre-emptive right to subscribe for shares in a share issue. The number of shares that may be subscribed for is normally established in relation to the number of shares previously held by the shareholders. The subscriber must pay a certain price (issue price), which is often lower than the market price, for the newly issued shares. Immediately after the subscription rights (which normally have a certain market value) are detached from the shares, the price of the shares normally declines but, at the same time, shareholders who have subscribed have a larger number of shares. During the subscription period, which in general lasts for several weeks, those shareholders who do not subscribe for shares may attempt to sell their subscription rights on the marketplace on which the shares are traded. Upon the expiry of the subscription period, the subscription rights lapse and thus become useless and worthless. A limited liability company can also arrange a directed share issue to a certain circle of investors only if the company has a weighty financial reason for doing so. A limited liability company can also carry out contribution in kind of new shares in order to acquire other companies, business operations or assets instead of cash. Both directed issues and contribution in kind involve a dilution effect on the existing shareholders’ portion of the company’s votes and share capital, but the number of the shares held and the market value of the invested capital normally remain unchanged. The dilution effect may also relate, for example, to the redemption of the options granted by the company. SVHY053PL 11.20 Nordea Bank Abp, Satamaradankatu 5, FI-00020 NORDEA, Finland, domicile Helsinki, Business In the case of a share issue without payment, the share capital is not usually increased in a capital regime with no nominal value. The summed-up number of the shares then increases as equity remains unchanged and the share-specific value decreases. Although a share issue without payment reduces the share price, the shareholder normall...
SHARE ISSUES. (a) The Company shall not issue any shares to any person other than the Parent.
(b) Paragraph (a) above does not apply to any transaction contemplated by the Transaction Documents or constituting a disposal permitted pursuant to Clause 19.1(Disposals) or to any Permitted Transaction.
SHARE ISSUES issue or offer to any person any share or loan capital, or other securities convertible or exchangeable into share or loan capital, or allow to arise or subsist any interest in any share or loan capital, in the Company or any Subsidiary or purchase or redeem or reorganise any share or loan capital in the Company or any Subsidiary except Company Shares to be issued pursuant to the terms of the Warrant Documentation;
SHARE ISSUES. Subject to compliance with the terms of Condition 5.1, PGW reserves the right, during the term of the Notes, to issue Ordinary Shares to the holders of Ordinary Shares either for cash or as a bonus distribution. If PGW makes any such cash issue, Agria shall (as a function of holding Notes and without prejudice to Agria’s rights as a shareholder) be entitled to participate in each such issue on the same basis as the holders of the Ordinary Shares in PGW are entitled to participate (as if the Notes had converted to Ordinary Shares in accordance with Condition 4.4 immediately prior to the cash issue), save that, if Agria elects to participate in the relevant issue, Agria would be issued Notes (having an aggregate Principal Amount equal to the total issue price of the Ordinary Shares which Agria could have been issued had it held Ordinary Shares for the purposes of this Condition), rather than Ordinary Shares, as a result of such participation.
SHARE ISSUES except where the relevant transaction was specifically included in the then current Business Plan and/or Budget, the allotment or issue of any shares, securities or participatory interest in a Group Company (by way of bonus, rights or otherwise) and/or the grant of any option, warrant, convertible debt instrument or right to acquire or call for the allotment or issue of the same whether by conversion, subscription or otherwise;
