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;
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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.
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Examples of B Preference Shares in a sentence

  • On July 21, 2014 AORE established an irrevocable trust (the “Class B Security Trust”) for the benefit of the holders of its Class B Preference Shares.

  • Dividends on the Class B Preference Shares are currently non-cumulative.

  • As a result of the fixed rate election, if declared by the board, dividends are payable on the Class B Preference Shares every 90 days at a rate of 6.276%.

  • The fair value of the put option at the exercise date was $41.9 million and therefore the value of the Class B Preference Shares on that date was $8.1 million, being the difference between the proceeds received and the fair value of the put option on the date of exercise.

  • 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.


More Definitions of B Preference Shares

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;
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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;
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B Preference Shares shall have the meaning given to such term in Recital A.
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B Preference Shares means Class B preference shares, nominal value ------------------- (Pounds)0.10 each, in the capital of the Company.
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B Preference Shares has the meaning given to this term in the Articles of Association.
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B Preference Shares means collectively, the 115,800 cumulative convertible preference shares in the authorized capital of Pelawan SPV, the 115,800 cumulative convertible redeemable preference shares in the capital of Plateau and the 111,600 cumulative convertible redeemable preference shares in the capital of Plateau, and is described in Section 1.4.4 – Debt Arrangements – Vendor Facility – Share Settled Financing – The “B” Preference Shares;
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B Preference Shares means redeemable “B” preference shares of £0.01 each in the capital of the Company having the rights set out in the Articles of Association;Business Day means a day (other than a Saturday or Sunday) on which banks are open for ordinary banking business in London and Edinburgh;Dealing Day means a day on which London Stock Exchange plc’s main market for listed securities is open for business;Encumbrance means any mortgage, charge (whether legal or equitable and whether fixed or floating), security, lien, pledge, option, right to acquire, right of pre-emption, equity, assignment, hypothecation, title retention, claim, restriction or power of sale;Further Ordinary Shares has the meaning given to it in the Second Subscription and Transfer Agreement;HM Treasury’s Placing Costs means:
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