Examples of B Ordinary Shareholder in a sentence
Unless expressly provided otherwise herein, Class D Ordinary Shareholder, Class C Ordinary Shareholder, Class B Ordinary Shareholder held by a person other than the Founder Parties, Preferred Shareholder shall have the right to one (1) vote for each Class A Ordinary Share into which each outstanding Class D Ordinary Share, Class C Ordinary Share, Class B Ordinary Share, or Preferred Share held by such shareholder could then be converted, as applicable.
An Ordinary Shareholder or B Ordinary Shareholder who is a company within the charge to UK corporation tax on a disposal of its Ordinary Shares or B Ordinary Shares under the Offers may be able to apply indexation allowance to reduce any chargeable gain arising on the disposal, but not to create or increase an allowable loss.
Further this section is not intended to be, and should not be construed to be, legal or taxation advice to any Ordinary Shareholder or B Ordinary Shareholder.
One (1) duly authorised representative of the Ordinary Shareholder and one B Ordinary Shareholder shall be a quorum.
The terms of issue of Class B Ordinary Shares provide for the conversion of one Class B Ordinary Share into one Class A Ordinary Share in certain circumstances set forth in these Articles which do not require the consent of the Class B Ordinary Shareholder.
For the avoidance of doubt, the conversion under this paragraph 4(a) of Part 2 to this Schedule 1 affects all Class B Ordinary Shares then in issue.(b)(Election by Class B Ordinary Shareholder) A Class B Ordinary Shareholder may elect at any time to convert any of its Class B Ordinary Shares into Class A Ordinary Shares on a one-for-one basis by notice in writing to the directors.
For the avoidance of doubt, the conversion under this paragraph 4(a) of Part 2 to this Schedule 1 affects all Class B Ordinary Shares then in issue.(b) (Election by Class B Ordinary Shareholder) A Class B Ordinary Shareholder may elect at any time to convert any of its Class B Ordinary Shares into Class A Ordinary Shares on a one-for-one basis by notice in writing to the directors.
An Ordinary Shareholder or B Ordinary Shareholder who is an individual should benefit from an annual exempt amount, which for the tax year 2014-2015 is £11,000, such that capital gains tax is chargeable only on gains (arising from all sources during the tax year) in excess of that amount.Stamp duty and stamp duty reserve tax (“SDRT”)No stamp duty or SDRT will be payable by Ordinary Shareholders or B Ordinary Shareholders as a result of accepting the Offer.
Ordinary Shareholders and B Ordinary Shareholders who are in any doubt about their taxation position, or who are resident or otherwise subject to taxation in a jurisdiction outside the UK, should consult their own professional advisers immediately.UK taxation of chargeable gainsAn Ordinary Shareholder who accepts the Ordinary Share Offer and a B Ordinary Shareholder who accepts the B Ordinary Share Offer will make a disposal of Ordinary Shares for the purposes of UK taxation of chargeable gains.
Each B Ordinary Shareholder will receive one new D Share for each B Ordinary Share held at the Record Time.