B Preferred Shares definition

B Preferred Shares means 79,412 B Preferred ordinary shares of £1 each in the capital of the Company;

B Preferred Shares has the meaning specified in Section 2.01.

B Preferred Shares means the series B shares of preferred stock in the capital of the Company;

Examples of B Preferred Shares in a sentence

• These Series B Preferred Shares were cancelled at February 29, 2016.

• The Series B Preferred Shares may be converted into common shares of the Company at the ratio of one Series B Preferred Share for each common share of the Company at the sole discretion of the Company.

• After payment of the full amount of the liquidating distributions to which they are entitled, the holders of Series B Preferred Shares will have no right or claim to any of the remaining assets of the Company.

• No sinking fund shall be established for the retirement or redemption of Series B Preferred Shares.

• The Series B Preferred Shares not redeemed shall remain outstanding and entitled to all the rights and preferences provided in this Statement of Designation.

• We determined that the Series B Preferred Shares are a participating security, and accordingly, our basic and diluted net income / loss per share is calculated using the two-class method.

• The rights of the shares of Common Stock shall be subject to the preferences and relative rights of the Series B Preferred Shares.

• Holders of Series B Preferred Shares will participate in any dividends declared or paid on our Class A common stock on an as-converted basis.

• Effective as of the Conversion Date, such converted Series B Preferred Shares shall no longer be deemed to be outstanding and all rights of the holder with respect to such shares shall immediately terminate except.

• No fractional shares of Common Stock shall be issued upon conversion of Series B Preferred Shares.

More Definitions of B Preferred Shares

B Preferred Shares means B preferred shares issued or to be issued by the Company.

B Preferred Shares means Series B convertible redeemable preferred shares of £0.000001 each in the capital of the Company;

B Preferred Shares means the Convertible Preferred Shares, Series B.