Atlatsa Holdings definition

Atlatsa Holdings means Atlatsa Holdings Proprietary Limited (formerly named Pelawan Investments Proprietary Limited), a private company incorporated under the laws of South Africa;
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Atlatsa Holdings means Atlatsa Holdings Proprietary Limited, a private company incorporated under the laws of South Africa;
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Atlatsa Holdings means Atlatsa Holdings (Proprietary) Ltd. (formerly Pelawan Investments (Proprietary) Limited), a private company incorporated under the laws of South Africa, with 15 BEE shareholders including Tumelo Motsisi and Harold Motaung, and the sole beneficiary of the Pelawan Trust;
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Examples of Atlatsa Holdings in a sentence

  • The parties will unwind the “B” preference share structure in Atlatsa, such that Atlatsa will have only one class of common shares going forward.Anglo American Platinum will subsequently sell its 115.8 million common shares in Atlatsa, arising from the unwind of the “B” preference shares, to Atlatsa Holdings for ZAR 463 million (US$ 54.54 million) through a vendor finance loan (the “Vendor Finance Facility”).

  • The security shall include: • existing Atlatsa Ordinary Shares held by Atlatsa Holdings; • Atlatsa Ordinary Shares held by Pelawan SPV following conversion of B3 Preference Shares; and • the Sale Shares.

  • ATLATSA HOLDINGS’ LOAN • Security consisting of 343m Atlatsa Ordinary Shares to be provided by Atlatsa Holdings to Amplats in order to secure its repayment obligations under the loan.

  • Atlatsa Holdings entered into a conversion implementation agreement on 26 June 2009 (“the Conversion Implementation Agreement”).

  • Atlatsa Holdings (Proprietary) Limited (formerly Pelawan Investments (Proprietary) Limited), being the 51% Black Economic Empowerment majority shareholder in Anooraq, will also extend its shareholding in Anooraq through to 31 December 2018.

  • SHARES Amplats sells its 115.8m B1 Preference Shares (or the Atlatsa Ordinary Shares acquired by Amplats pursuant to the conversion of the B1 Preference Shares) (“Sale Shares”) to Atlatsa Holdings at R4 per Sale Share or R464m.

  • The Sale Shares are sold on loan account to Atlatsa Holdings (see terms below).

  • Subject to RPM receiving the Atlatsa 2 Consideration Shares in the manner contemplated in clause 5.2.2.6.2, on the Sale Implementation Date, RPM and Atlatsa Holdings will meet at the offices of RPM (or such other venue as RPM and Atlatsa Holdings may agree in writing) and exchange the sale deliverables referred to in clause 7 of the Sale and Purchase Agreement in order to give effect to the sale of the Atlatsa 2 Consideration Shares from RPM to Atlatsa Holdings.

  • Pursuant to such sale, Atlatsa Holdings will increase its shareholding in Atlatsa from 51% (current) to 62%, thereby creating additional equity financing flexibility for Atlatsa to raise additional financing through equity issuances and still maintain a 51% BEE majority shareholding in the company if required.There are no fixed repayment terms for the Vendor Finance Facility through to 31 December, 2018.

  • However, Atlatsa Holdings will be required to fully repay the Vendor Finance Facility to Anglo American Platinum by 31 December, 2020.


More Definitions of Atlatsa Holdings

Atlatsa Holdings. Atlatsa Holdings Proprietary Limited (previously known as Pelawan Investments Proprietary Limited), registration number 2002/017920/07, a private company incorporated in accordance with the laws of South Africa;
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Related to Atlatsa Holdings

  • Direct holdings means all publicly traded securities of a company that are held directly by the state treasurer or a retirement system in an actively managed account or fund in which the retirement system owns all shares or interests.

  • Holdings as defined in the preamble hereto.

  • OpCo has the meaning set forth in the Preamble.

  • Holdco has the meaning set forth in the Preamble.

  • Indirect holdings means all securities of a company that are held in an account or fund, including a mutual fund, that is managed by one or more persons who are not employed by the state treasurer or a retirement system, if the state treasurer or retirement system owns shares or interests either:

  • Western Australia the following definitions‑

  • Topco has the meaning set out in the Preamble;

  • Intermediate Holding Company means any Subsidiary of Holdings (of which Holdings, directly or indirectly, owns 100% of the issued and outstanding Equity Interests) that, directly or indirectly, owns 100% of the issued and outstanding Equity Interests of the Lead Borrower.

  • Atlas means Automated Transportation Logistics Activity System. ATLAS is a computerized information system to which all Shippers have access upon request. ATLAS enables Shippers to nominate and release product and to monitor and coordinate the movement of Petroleum Products while on Carrier's system.

  • RSC means the Regional Security Coordinator(s) (RSC(s)) appointed for CCR Hansa, unless it is explicitly otherwise stated, according to Article 77(1)(a) of the SO Regulation that will perform the tasks allocated to this(these) RSC(s) according to Article 77(1)(c)(i) of the SO Regulation;

  • Motorsport Australia means the Confederation of Australia Motor Sport Ltd. trading as Motorsport Australia;

  • Intermediate Holdco as defined in the preamble to this Agreement.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Intermediate Holdings shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • GP LLC means Plains All American GP LLC, a Delaware limited liability company.

  • Natural parent means a minor's biological or adoptive parent, and includes the minor's noncustodial parent.

  • Holdings LLC Agreement means the Amended and Restated Limited Liability Company Agreement of Holdings dated as of the Closing Date.

  • GP means Gottbetter & Partners, LLP.

  • NBME means the National Board of Medical Examiners, an organization that prepares and administers qualifying examinations, either independently or jointly with other organizations.

  • Constellation has the meaning assigned to that term in the Recitals.

  • Subco means 1102209 B.C. LTD., a corporation incorporated under the laws of the Province of British Columbia;

  • Foreign Subsidiary Holding Company means any Domestic Subsidiary that is a direct parent of one or more Foreign Subsidiaries and holds, directly or indirectly, no other assets other than Equity Interests of Foreign Subsidiaries and other de minimis assets related thereto.

  • Acquisition Subsidiary shall have the meaning ascribed to it in the preamble hereto.

  • Crown means the government of the United Kingdom (including the Northern Ireland Assembly and Executive Committee, the Scottish Executive and the National Assembly for Wales), including, but not limited to, government ministers and government departments and particular bodies, persons, commissions or agencies from time to time carrying out functions on its behalf;

  • Permitted Holdings Debt has the meaning assigned to such term in Section 6.01(a)(xviii).

  • Management Group means the group consisting of the directors, executive officers and other management personnel of the Issuer or any direct or indirect parent of the Issuer, as the case may be, on the Issue Date together with (1) any new directors whose election by such boards of directors or whose nomination for election by the shareholders of the Issuer or any direct or indirect parent of the Issuer, as applicable, was approved by a vote of a majority of the directors of the Issuer or any direct or indirect parent of the Issuer, as applicable, then still in office who were either directors on the Issue Date or whose election or nomination was previously so approved and (2) executive officers and other management personnel of the Issuer or any direct or indirect parent of the Issuer, as applicable, hired at a time when the directors on the Issue Date together with the directors so approved constituted a majority of the directors of the Issuer or any direct or indirect parent of the Issuer, as applicable.