B Preference Shares definition

B Preference Shares means the redeemable cumulative B preference shares of £1 each in the share capital of the Company;

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B Preference Shares means 1000 redeemable B preference shares of €0.01 each in the capital of Newco;

B Preference Shares means the 200,000,000 B preference shares in SunCo with a PIK coupon of 15 per cent. per annum (with attached Penny Warrants), which are senior in rank to the A Shares in terms of priority of distributions;

Examples of B Preference Shares in a sentence

All notices or communications in respect of Series B Preference Shares shall be sufficiently given if given in writing and delivered in person or by first class mail, postage prepaid, or if given in such other manner as may be permitted in this Certificate of Designations, Bye-Laws or by applicable law.
The holders of Series B Preference Shares shall not have any voting rights except as set forth below or as otherwise from time to time required by law.
Notwithstanding the foregoing, if Series B Preference Shares or depositary shares representing an interest in Series B Preference Shares are issued in book-entry form through DTC, such notices may be given to the holders of the Series B Preference Shares in any manner permitted by DTC.
Any notice mailed as provided in this subsection shall be conclusively presumed to have been duly given, whether or not the holder receives such notice, but failure duly to give such notice by mail, or any defect in such notice or in the mailing thereof, to any holder of Series B Preference Shares designated for redemption shall not affect the validity of the proceedings for the redemption of any other Series B Preference Shares.
As at the date of this Agreement, the Company has an authorised capital of HK$1,000,000.00 divided into 180,340,955 Ordinary Shares of HK$0.005 par value each; 17,241,400 Series A Preference Shares of HK$0.005 par value each and 2,417,645 Series B Preference Shares of HK$0.005 par value each.

More Definitions of B Preference Shares

B Preference Shares shall have the meaning given to such term in Recital A.

B Preference Shares means the 12,499,000 convertible, redeemable B convertible preference shares with a par value of US$0.002 each in the capital of the Company;

B Preference Shares means the B preference shares of $1.00 each in the capital of the UK Company having the rights that are set out in the Articles of Association and the Shareholders’ Agreement.

B Preference Shares means the class “B” redeemable cumulative preference shares of R0.0001 (one hundredth of a cent) each in the capital of the company ranking pari passu with the A Preference Shares;

B Preference Shares means B cumulative redeemable preference shares in the capital of Topco;

B Preference Shares means the 8% B preference shares each in the share capital of Topco, with the rights and subject to the restrictions set out in the Articles of Association.

B Preference Shares means the B preferred shares of £0.001 nominal value each in the capital of Warwick Topco; “Blue Owl Seller” has the meaning given to it in the Parties section of this Agreement; “BMA” means the Bermuda Monetary Authority; “Business Day” means a day (other than a Saturday or Sunday or a public holiday) when commercial banks are open for ordinary banking business in Bermuda and New York; “Claim” means any claim, proceeding, suit or action against any Seller arising out of or in connection with this Agreement; “Companies Act” means the Companies Act 2006, as amended at any time prior to the date of this Agreement; “Completion” means the completion of the sale and purchase of the Sale Shares under this Agreement; “Completion Accounts” means the accounts prepared in accordance with Part 1 of Schedule 4 (Rules for Preparation of Completion Accounts); “Completion Date” means the date of this Agreement; “Confidentiality Agreements” means the confidentiality agreements dated: (a) 29 April 2025 between Warwick Topco, the Purchaser and the ITE Seller; and (b) 19 May 2025 between the Purchaser and the Blue Owl Seller; “Connected Person” means, in respect of an individual person: (a) the spouse or civil partner, parents and siblings (including step-siblings and half-siblings) and direct descendants of such individual and their respective spouses or civil partners, parents and siblings (including step-siblings and half-siblings) and direct descendants (together, the “Connected Person’s Family”); (b) any trust established by or for the benefit of that individual or a member of that individual’s Connected Person’s Family; and (c) any undertaking (other than a Group Company) in which that individual or that individual’s Connected Person’s Family is able to exercise or control the exercise of a majority of the votes able to be cast at general meetings, or to appoint or remove directors holding a majority of voting rights at board meetings, in each case on all, or substantially all, matters; “Connected Person’s Family” has the meaning given to it in the definition of “Connected Person”; “Continuing Provisions” means Clauses 1, 6, 7.2, 7.3, 9, 10 and 18 to 27 (inclusive); “Data Protection Laws” means the following legislation to the extent applicable from time to time: (a) the GDPR and any national law supplementing the GDPR (such as, in the UK, the Data