Examples of Air Partners in a sentence
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The aggregate number of shares of the Class A Stock that Air Partners owns beneficially, pursuant to Rule 13d-3 under the Act, is 4,259,734, which constitutes approximately 54.5% of the 7,820,790 shares of such stock deemed outstanding pursuant to Rule 13d-3(d)(1)(i) under the Act.
Whilst the Air Partner Directors note the possibility of certain limited headcount reductions related to the small number of public company-related functions, they are nevertheless pleased that Wheels Up will work with Air Partner's management to attempt to reassign individuals involved in these functions to supporting Wheels Up's own public company-related functions or to other responsibilities within the broader combined organisation where possible.
Following the Scheme becoming Effective, Wheels Up intends to work with Air Partner's management to undertake a more detailed review of Air Partner’s business and operations in order to validate these opportunities and define further specificity around its future strategic plan.
Consistent with market practice for a UK public company offer process, Wheels Up was granted access to Air Partner's senior management and completed a period of confirmatory due diligence on Air Partner prior to the release of this Announcement.
Additionally, the voting and dispositive power with respect to the shares of Class A Common Stock held by Air Partners may, under certain circumstances, be deemed to be shared with, or may be exercised by, the limited partners of Air Partners as further described in Item 6 hereof.
Pursuant to Rule 13d-4 under the Act, Bonderman Family disclaims beneficial ownership of all such shares attributable to Bonderman Family's limited partnership interest in Air Partners.
Additionally, the voting and dispositive power with respect to the shares of Class A Common Stock held by Air Partners, L.P. may, under certain circumstances, be deemed to be shared with, or may be exercised by, the limited partners of Air Partners, L.P. as further described in Item 6 hereof.
BONDERMAN FAMILY The aggregate number of shares of the Class A Stock that Bonderman Family owns, or may be deemed to own, beneficially, pursuant to Rule 13d-3 under the Act, is 80,215, 8,200 shares of which Bonderman Family owns directly and 72,015 shares of which Bonderman Family may be deemed to own beneficially because of its position as a limited partner of Air Partners, and on the basis of certain provisions of the Partnership Agreement.
Acting through its two general partners, Air Partners has the sole power to vote or to direct the vote and to dispose or to direct the disposition of 2,740,000 shares of the Class A Stock and has no power to vote or to direct the vote of any shares of the Class B Stock.