Affected Equity definition
Examples of Affected Equity in a sentence
The Board shall give notice to the registered holder of any Equity Securities identified under clause 10.5 of its intention of treating those Equity Securities as Affected Equity Securities.
The net proceeds of sale shall be held on trust by the Company for and paid (together with interest at such rate as the Board deems appropriate) to the former registered holder on surrender of the certificate (if any) for the Affected Equity Securities.
If after taking into consideration any such representations, the Board in its discretion (and, if required, after consultation with the Kiwi Shareholder) determines that such Equity Securities shall be treated as Affected Equity Securities, it shall immediately give notice to that effect to the registered holder of the Equity Securities.
The holder may make representations to the Board as to why any such Equity Securities should not be treated as Affected Equity Securities, within seven days of receiving the abovementioned notice from the Board.