5-Day VWAP definition

5-Day VWAP means the average of the daily volume weighted average price of our common stock on the national securities exchange on which the common stock is listed or quoted for trading as reported by Bloomberg L.P. (based on a trading day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)) for the relevant 5 trading days when such formula is used.

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5-Day VWAP at any particular time in respect of a security means the volume weighted average trading price of the security on the principal exchange on which the security is traded for the five consecutive trading days, calculated by dividing the total value of all trades by the total volume of all trades for such five day period, and in the case of a calculation of the 5 Day VWAP of Newco further divided by ten to reflect the exchange ratio of PHM Shares for Newco Shares pursuant to the Arrangement.

5-Day VWAP means the arithmetic average of the daily Volume Weighted Average Prices of the cum entitlement share on each of the five consecutive Scheduled Trading Days:

Examples of 5-Day VWAP in a sentence

If the adjustment ratio has been determined by ICE Futures Europe based on a Cum Entitlement Price, the Calculation Agent shall recalculate the adjustment ratio using (1) if the relevant Corporate Action is a rights issue, the Closing Price referred to in paragraph (ii)(1) above, or (2) if the relevant Corporate Action is not a rights issue, the 5 Day VWAP referred to in paragraph (ii)(2) above, in each case instead of the Cum Entitlement Price (being the “CA Adjustment Ratio”).
If the cash entitlement represents more than 33% but no more than 67% of the total offer consideration in relation to such merger or takeover, then the Calculation Agent shall determine the Conversion Price as provided in Condition 5(b)(iv)(B)(I) with references to 5 Day VWAP replaced by references to 20 Day VWAP.
The Company and FOD have also agreed that at the Effective Time, such warrant shall be cancelled and exchanged for a CGI warrant that will entitle FOD to purchase a number of shares of CGI Common Stock equal to 20% of the aggregate principal amount of the FOD Notes ($849,800) divided by the 5 Day VWAP, at an exercise price equal to the 5 Day VWAP.

More Definitions of 5-Day VWAP

5-Day VWAP means, in respect of the Company Shares, the volume weighted average share price of the Company Shares on the TSX (during continuous trading hours) for the five trading days ending on the trading date immediately preceding the Value Determination Date, calculated by dividing the total Canadian dollar value of the Company Shares traded in such five trading day period on the TSX (during continuous trading hours) by the total number of such shares traded on the TSX (during continuous trading hours) for such five-day trading period;

5-Day VWAP means the volume-weighted average price of the Common Stock, determined for the five (5) consecutive Trading Days ending on the last Trading Day immediately preceding the applicable date, as reported by Bloomberg, L.P.

5-Day VWAP for a Parent Share means the volume weighted average traded price for Parent Shares on ASX for the period of five Business Days ending on the date immediately preceding the Calculation Date as reported by Bloomberg Financial Markets, or any successor thereto, through its “Volume Weighted Average Price” function;

5-Day VWAP means the volume weighted average share price of CGI Common Stock over the last five (5) trading days prior to the Closing.

5-Day VWAP means the VWAP over five (5) consecutive trading days.

5-Day VWAP means, as of any date, the average daily VWAP of the Ordinary Shares for the 5 consecutive Trading Day period ending as of such date (or if such date is not a Trading Day, as of the nearest preceding Trading Day).