Share Premium Sample Clauses

Share Premium approving a reduction of the share premium account of Azur in order to allow an application to be made under Section 72 of the Irish Companies Xxx 0000 to the Irish High Court to allow for the creation of distributable reserves;
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Share Premium. Section 51 of the Public Limited Companies Act B.E. 2535, requires a company to set aside share subscription monies received in excess amount of the par value of the shares issued to a reserve account (“share premium”). Share premium is not available for dividend distribution. Movement of the share capital and premium (discount) on ordinary shares for the year ended December 31, 2022 were summarized as follows: Thousand shares Thousand Baht Authorized Issued and paid-up Authorized Issued and paid-up Premium (discount) on shares capital shares capital share capital shares capital ordinary shares Balance as at December 31, 2021 5,397,877 5,397,877 4,588,196 4,588,196 71,131 Increase in share capital 2,698,939 1,641,439 2,294,097 1,395,223 (1,017,692) Attributable expenses of increase in share capital - - - - (1,318) Balance as at December 31, 2022 8,096,816 7,039,316 6,882,293 5,983,419 (947,879) According to the 2022 Annual General Meeting of shareholders held on April 29, 2022, the shareholders resolved to approve the following significant matters:
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Share Premium. As a consequence of the contribution of shares in The Shell Transport and Trading Company Limited (“Shell Transport”) by Royal Dutch Shell as described under 11 (Restructuring), share premium shall be created in the equity of the Disappearing Company. Upon the merger, this results in share premium of USD 32,809,000,000 in the Acquiring Company. Upon the merger, an amount of USD 25,167,172,016 of the share premium originating from the Disappearing Company will be capitalized by way of allotting (“toekennen”) shares with an aggregate nominal capital of an equal amount, in the share capital of the Acquiring Company. The share premium in the Acquiring Company will be impacted by reason of the restructuring and the merger only, as follows:
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Share Premium. The application of the share premium account is governed by section 48B of the Hong Kong Companies Ordinance. CAPITAL RESERVE At 31 December 2001, debit balance of capital reserve is primarily due to the elimination of goodwill arising on the acquisition of subsidiaries in previous years.
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Share Premium. The application of the share premium account is governed by Section 48B of the Hong Kong Companies Ordinance. PRC statutory reserves PRC statutory reserves include general reserve, enterprise expansion fund, statutory surplus reserve and statutory public welfare fund. At 31 December 1999, Guangdong Mobile, Zhejiang Mobile, Jiangsu Mobile and Fujian Mobile are wholly-foreign owned enterprises. In accordance with Accounting Regulations for PRC Enterprises with Foreign Investment, they are required to transfer at least 10 per cent of their profit after taxation, as determined under accounting principles generally accepted in the PRC ("PRC GAAP") to the general reserve until the balance of the general reserve is equal to 50 per cent of their registered capital. Moreover, they are required to transfer a certain percentage of their profit after taxation, as determined under PRC GAAP, to the enterprise expansion fund. During the year, appropriations were made by each of the above subsidiaries to the general reserve and the enterprise expansion fund at 10 per cent and 30 per cent, respectively, of their profit after taxation determined under PRC GAAP. The general reserve can be used to make good losses and to increase the capital of the subsidiaries while the enterprise expansion fund can be used to increase the capital of the subsidiaries, to acquire fixed assets and to increase current assets. As Henan Mobile and Hainan Mobile were only registered as wholly-foreign owned enterprises on 27 January 2000 and 19 January 2000, respectively, they are not required to make the above transfers for the year ended 31 December 1999. According to their Articles of Association and Regulations on Posts and Telecommunications Enterprises, Henan Mobile and Hainan Mobile are required to transfer a certain percentage of profit after taxation, as determined under PRC GAAP, to the statutory surplus reserve and statutory public welfare fund. During the year, appropriations were made by Henan Mobile and Hainan Mobile to the statutory surplus reserve and the statutory public welfare fund at 10 per cent and 9 per cent, respectively, of their profit after taxation determined under PRC GAAP. Statutory surplus reserve can be used to make good previous years' losses, if any, and may be converted into paid-up capital, provided that the balance after such conversion is not less than 25 per cent of the registered capital of the subsidiaries. Statutory public welfare fund can only be utilised o...
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Related to Share Premium

  • Late Charges Lessee hereby acknowledges that late payment by Lessee to Lessor of rent and other sums due hereunder will cause Lessor to incur costs not contemplated by this Lease, the exact amount of which will be extremely difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges, and late charges which may be imposed upon Lessor by the terms of any ground lease, mortgage or deed of trust covering the Premises. Accordingly, if any installment of rent or other sum due from Lessee shall not be received by Lessor or Lessor's designee within ten (10) days after such amount shall be due, then, without any requirement for notice to Lessee, Lessee shall pay to Lessor a late charge equal to six percent (6%) of such overdue amount. The parties hereby agree that such late charge represents a fair and reasonable estimate of the costs Lessor will incur by reason of late payment by Lessee. Acceptance of such late charge by Lessor shall in no event constitute a waiver of Lessee's Default or Breach with respect to such overdue amount, nor prevent Lessor from exercising any of the other rights and remedies granted hereunder. In the event that a late charge is payable hereunder, whether or not collected, for three (3) consecutive installments of Base Rent, then notwithstanding Paragraph 4.1 or any other provision of this Lease to the contrary, Base Rent shall, at Lessor's option, become due and payable quarterly in advance.

  • Redemption Price The Redemption Price for any Note called for Redemption is an amount in cash equal to the principal amount of such Note plus accrued and unpaid interest on such Note to, but excluding, the Redemption Date for such Redemption; provided, however, that if such Redemption Date is after a Regular Record Date and on or before the next Interest Payment Date, then (i) the Holder of such Note at the Close of Business on such Regular Record Date will be entitled, notwithstanding such Redemption, to receive, on or, at the Company’s election, before such Interest Payment Date, the unpaid interest that would have accrued on such Note to, but excluding, such Interest Payment Date (assuming, solely for these purposes, that such Note remained outstanding through such Interest Payment Date, if such Redemption Date is before such Interest Payment Date); and (ii) the Redemption Price will not include accrued and unpaid interest on such Note to, but excluding, such Redemption Date. For the avoidance of doubt, if an Interest Payment Date is not a Business Day within the meaning of Section 2.05(C) and such Redemption Date occurs on the Business Day immediately after such Interest Payment Date, then (x) accrued and unpaid interest on Notes to, but excluding, such Interest Payment Date will be paid, in accordance with Section 2.05(C), on the next Business Day to Holders as of the Close of Business on the immediately preceding Regular Record Date; and (y) the Redemption Price will include interest on Notes to be redeemed from, and including, such Interest Payment Date.

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