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ADS Ratio definition

ADS Ratio means the ratio of ADSs to Ordinary Shares then in effect.
ADS Ratio will have the meaning ascribed to such term in Section 4.1.
ADS Ratio means the number of ADSs (or fraction thereof) that represents one (1) share of Miami Common Stock, which number shall equal one (1) unless otherwise agreed in writing by Houston and Miami prior to the Closing.

Examples of ADS Ratio in a sentence

  • The Share Subdivision and ADS Ratio Change did not result in any change to the number of outstanding ADSs of the Company.

  • If there is a change in the ratio of ADSs to the Ordinary Shares as of the relevant calculation date, the ADS Ratio will be adjusted to reflect the then-current ratio (the “Current ADS Ratio”).

  • Following the ADS Ratio Change, each ADS now represents eight ordinary shares.

  • If, after the Issue Date, the ADS Ratio is increased or reduced, then the number of Warrant ADSs (represented by ADRs) to be issued on exercise of this Warrant Certificate will be reduced or increased (respectively) in inverse proportion to the change in the ADS Ratio, and the Exercise Price per Warrant ADS will be increased or reduced (respectively) in proportion to the change in the number Ordinary Shares issuable per ADS, so that the aggregate Exercise Price remains unchanged.

  • Following the Effective Date for the ADS Ratio Change, each ADS will represent twenty (20) Shares.


More Definitions of ADS Ratio

ADS Ratio means, as of the Effective Time, the number of Parent Ordinary Shares represented by one Parent ADS. “affiliate” of any person means another person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such first person. Notwithstanding anything to the contrary herein, none of Parent or any Parent Subsidiary will be considered an affiliate of the Company or any Company Subsidiary, and neither the Company nor any Company Subsidiary will be considered an affiliate of Parent or any Parent Subsidiary.
ADS Ratio means the number of Shares represented by each ADS, which as at the date of this Deed is 45.
ADS Ratio means the number of ADSs (or any fraction thereof) that represents one (1) share of Sapphire Common Stock, which number shall equal one (1) or such other number as requested by Sapphire and consented to in writing by Athena (such consent not to be unreasonably withheld, conditioned or delayed) prior to the Closing.
ADS Ratio means 0.20, or such other ratio as is agreed to by the parties hereto in writing prior to the First Effective Time.
ADS Ratio. 1 (one) Sibanye-Stillwater ADS (each representing 4 (four) Sibanye-Stillwater Shares) for each SGL ADS following the call by the ADS Depositary for surrender of all outstanding SGL ADSs (each representing 4 (four) SGL Shares) on a mandatory basis and, upon the surrender of SGL ADS, the separate delivery by the ADS Depositary, on a one-for-one basis, of Sibanye-Stillwater ADSs (each representing 4 (four) Sibanye-Stillwater Shares), with no entitlement to cash;
ADS Ratio the ratio of Shares per ADS in place from time to time that indicates the number of Shares that an ADS represents, which at the date of grant is five Shares to one ADS; “AIM” a market operated by the London Stock Exchange;