Examples of Affiliated Shareholders in a sentence
The Euromoney Distribution and a special dividend of £183.0 million in aggregate in cash was then paid to the Fully Participating Shareholders in respect of the B Shares and a restricted special dividend of £17.0 million in aggregate in cash was paid to the Rothermere Affiliated Shareholders in respect of the C Shares.
Before these distributions were made c.46.4% of the A Shares held by Fully Participating Shareholders were converted into a new class of B Shares and c.4.0% of the A Shares held by Rothermere Affiliated Shareholders converted into a new class of C Shares.
Consequently, other things being equal, as the number of shares of a publicly held firm held by Non-Affiliated Shareholders decreases, the marketability of such shares will decrease resulting in a greater discount from intrinsic fair market value realized by the Non- Affiliated Shareholders on the sale of such shares.
In addition, at that time, most of the Tricom directors named by certain of the GFN Affiliated Shareholders and certain of Tricom’s executive officers may have held, or previously held, positions with entities, other than Tricom and its subsidiaries, controlled by Mr. Pellerano and members of his family.
Pursuant to the Current Shareholders’ Agreement, the GFN Affiliated Shareholders are entitled to appoint six directors plus one independent director and Motorola is entitled to appoint four directors plus one independent director.On or before the Effective Date, the management, control, and operation of each of the Debtors shall be the general responsibility of the respective management of each of the Debtors.
For each A Share held by the Rothermere Affiliated Shareholders, they received c.25.53p in cash and there was a reduction in their holding of c.0.03946 of an A Share.
The securities distributed to Affiliated Shareholders and non- Affiliated Shareholders pursuant to a redemption in-kind (the ‘‘In-Kind Securities’’) will be limited to securities that are traded on a public securities market or for which quoted bid and asked prices are available.
Board of Directors Name PositionAppointed by GFN Affiliated Shareholders: Ricardo Valdez Chairman of the BoardHector Castro Noboa Director and Acting SecretaryPablo Linares DirectorRosangela Pellerano Peña DirectorAdriano Tejada DirectorAnibal de Castro* Director Appointed by Motorola, Inc.:Thomas C.
The GFN Affiliated Shareholders have the right to appoint a majority of the members of Tricom’s Board of Directors and, indirectly, the right to control selection of Tricom’s management.From time to time, the entities under the control of Mr. Pellerano and his family have been engaged in numerous businesses, including banking, insurance, credit card issuance, equipment leasing and securities brokerage-dealing.
An example of this likely decrease in marketability and the correlative increase in the trading discount for shares held by Non- Affiliated Shareholders as the number of such Shareholders decreases can be found in the following statement in Revenue Ruling 77-287, 1977-2 C.B. 319, which sets out the U.S. Internal Revenue Service’s guidelines for valuing restricted stock: Trading Market.