Share Split. Pursuant to resolutions adopted by the Board of Managers of the Depositor on September 28, 2007, the Depositor has declared a three-for-one split of the Up-MACRO Holding Shares. The record date and pay date for the split shall be designated and notified by the Depositor to the AMEX and the general public. The total amount of Outstanding Up-MACRO Holding Shares shall be tripled and the Depositor shall instruct DTC to credit on the applicable pay date three shares for each one share that is credited to any DTC account as of the applicable record date. A three-for-one split has also been declared for the Down-MACRO Holding Shares, the Up-MACRO Tradeable Shares and the Down-MACRO Tradeable Shares.
Share Split. All references to numbers of shares in this Agreement shall be appropriately adjusted to reflect any share dividend, split, combination or other recapitalization affecting the Capital Shares occurring after the date of this Agreement.
Share Split. On the Closing Date, immediately prior to the First Effective Time (but in any event following the determination of the Equity Value pursuant to Section 3.02(b) and prior to the closing of any Subscription Agreements), the following actions shall take place or be effected (in the order set forth in this Section 2.01): (i) the A&R AoA shall be adopted and become effective, (ii) each Pre-Split Share that is issued and outstanding immediately prior to the First Effective Time shall be redesignated and become a Company Ordinary Share (the “Share Redesignation”) and each Pre-Split Share held in the Company’s treasury immediately prior to the Share Redesignation shall be automatically cancelled and extinguished without any redesignation, subdivision or payment therefor, (iii) each Company Ordinary Share that is issued and outstanding following the Share Redesignation and immediately prior to the First Effective Time shall be subdivided into a number of Company Ordinary Shares equal to the Split Factor (the “Share Split”); provided that no fraction of a Company Ordinary Share will be issued by virtue of the Share Split, and each Company Shareholder that would otherwise be so entitled to a fraction of a Company Ordinary Share (after aggregating all fractional Company Ordinary Shares that otherwise would be received by such Company Shareholder) shall instead be entitled to receive such number of Company Ordinary Shares to which such Company Shareholder would otherwise be entitled, rounded to the nearest whole number, and (iv) any Company Options issued and outstanding immediately prior to the Share Split shall be adjusted to give effect to the foregoing transactions (clauses (i) through (iv), the “Recapitalization”). Subject to and without limiting anything contained in Section 6.01, the Split Factor shall be adjusted to reflect appropriately the effect of any share split, split-up, reverse share split, capitalization, share dividend or share distribution (including any dividend or distribution of securities convertible into Pre-Split Shares or Company Ordinary Shares, as applicable), reorganization, recapitalization, reclassification, combination, exchange of shares or other like change (in each case, other than the Recapitalization) with respect to Pre-Split Shares or Company Ordinary Shares occurring on or after the date hereof and prior to the First Effective Time. For reference purposes only, an illustrative calculation of the Share Split is set forth on Exhib...
Share Split. Wherever in this Agreement there is a reference to a specific number or percentage of the Shares, the Preferred Shares and/or Common Shares, then, upon the occurrence of any share subdivision, share split, combination, reclassification, merger, consolidation, reorganization, recapitalization or share dividend of the Shares, Preferred Shares and/or Common Shares, as applicable, the specific number of shares so referenced in this Agreement shall automatically be proportionally adjusted to reflect the effect on the outstanding shares of such class or series of share by such event 8.10
Share Split. As at December 31, 2004, the market price per Common Share was U.S.$23.60 and the market price per GDR was U.S.$24.25. As at December 31, 2009, these market prices had increased to U.S.$82.95 per Common Share and U.S.$89.00 per GDR. In its meeting held on February 5, 2010, the Board of Directors, pursuant to a recommendation of its Group Executive Committee, determined that it is beneficial to proceed to a split of the Bank’s outstanding share capital, including the Common Shares and the Bank’s U.S.$125,000,000 Non-Cumulative Redeemable Series “D” Preferred Shares (the “Series D Preferred Shares”), in each case, at a ratio of 10 like shares for each Common Share and Series D Preferred Share outstanding. In making such determination, the Board of Directors took into consideration the significant increases (in recent years) in the market price per Common Share to levels that are considerably higher than the average share prices of other MENA issuers for similar listed securities. The Board of Directors further noted the likely positive effect that a realignment of the market price effected by the proposed split may have on the liquidity of the Common Shares and on the Banks’ ability to access a broader shareholder base. Accordingly, the Board of Directors resolved to propose to the General Assembly to approve the 10-for-1 split of the Common Shares and the Series D Preferred Shares currently comprising the Bank’s outstanding share capital. Upon approval and entry into effect of the above-described split of the Common Shares, the Bank intends, subject to obtaining all necessary authorizations and approvals, including for the listing of the additional GDRs to be issued, to cause the Depositary to effect a corresponding 10-for-1 split of the outstanding GDRs in accordance with Condition 10 of the GDRs and the provisions of the Deposit Agreement so that each GDR will continue to represent one Common Share.
Share Split. Immediately prior to the Effective Time, after giving effect to the Company Preferred Shares Conversion and the Company Convertible Bond Conversion, the Company shall effect a share split, whereby each Company Ordinary Share shall be split into such number of Company Ordinary Shares as would cause a Company Ordinary Share immediately following the Closing to amount to an equivalent of $10.00 (the “Share Split”). In case of any fractional shares to which any Company Securityholder would be entitled pursuant to the Share Split, SPAC and the Company shall, in good faith, determine and agree upon a solution to address such fractional shares (with each of SPAC and the Company acting reasonably in connection therewith).
Share Split. On or before the Closing Date, the Share Split and Private Placement shall be effective and have closed.
Share Split. All of the issued and outstanding Xxxxxxx Shares shall be split on a 1.25 new share for one old shares basis, the name of Xxxxxxx shall be changed to “Bayswater Uranium Corporation”, or such other name as approved by the directors of each of Xxxxxxx and Bayswater and the Registrar of Companies for British Columbia, and the Notice of Articles of Xxxxxxx shall be altered accordingly. Each Xxxxxxx Option and each Xxxxxxx Warrant will be deemed to have been adjusted such that the number of Xxxxxxx Shares remaining issuable at the effective time of the Share Split upon exercise of the Xxxxxxx Option or Xxxxxxx Warrant (as the case may be) shall be multiplied by 1.25 and the exercise price therefor divided by 1.25.
Share Split. (a) Prior to the Equity Exchange Effective Time, the Company shall effect the share split under which each Company Ordinary Share that is issued and outstanding immediately prior to the Equity Exchange Effective Time shall be split into a number of Company Ordinary Shares determined by multiplying each such Company Ordinary Share by the Split Factor (the “Share Split”); provided, that no fraction of a Company Ordinary Share shall be issued by virtue of the Share Split, and each Company Shareholder that would otherwise be so entitled to a fraction of a Company Ordinary Share (after aggregating all fractional Company Ordinary Shares that otherwise would be received by such Company Shareholder) shall instead be entitled to receive such number of Company Ordinary Shares to which such Company Shareholder would otherwise be entitled, rounded to the nearest whole Company Ordinary Share.
Share Split. In connection with the sale of the Shares, Xxxxxxx’x capital will undergo a share split. Share No. 3 is split in share No. 4 (with a nominal value of DEM 7,000.00) and share no. 5 (with nominal value of DEM 3,000.00).
