B Share definition

B Share means (i) a non-voting class B ordinary share of US$10.22343609 in the capital of the Company from time to time, and (ii) any other shares in the capital of the Company which are designated as B Shares, whether with the same or a different nominal value;

B Share means a participating share of no par value in the capital of the Fund which has been designated as a B share and which may be accumulating or distributing in nature;

B Share means a B share of US$ 1 in the share capital of the Company;

Examples of B Share in a sentence

• Each Class B Share shall convert into its pro rata number of Class A Shares pursuant to this Article.

• Notwithstanding anything to the contrary in this Article, in no event may any Class B Share convert into Class A Shares at a ratio that is less than one-for-one.

• The pro rata share for each holder of Class B Shares will be determined as follows: each Class B Share shall convert into such number of Class A Shares as is equal to the product of 1 multiplied by a fraction, the numerator of which shall be the total number of Class A Shares into which all of the Class B Shares in issue shall be converted pursuant to this Article and the denominator of which shall be the total number of Class B Shares in issue at the time of conversion.

• The rights attaching to the Class A Shares and Class B Shares shall rank pari passu in all respects, and the Class A Shares and Class B Shares shall vote together as a single class on all matters (subject to the Variation of Rights of Shares Article and the Appointment and Removal of Directors Article hereof) with the exception that the holder of a Class B Share shall have the conversion rights referred to in this Article.

• Part B Share Structure Item IV The exact title and class of securities outstanding.

More Definitions of B Share

B Share means a class B share of US$1 par value in the share capital of the Company having the rights and benefits and subject to the restrictions set out in these Articles;

B Share means a redeemable B ordinary share of $0.016281 in the Company;

B Share means a B Share in the Company, as set out in the Constitution. B Shareholder means a holder of B Shares.

B Share means 1 (one) transferable, no par value shares in the share capital of the Company with limited votes and having the preferences, rights, limitations and other terms set out in this Annexure A;

B Share means a Share which confers on the holder the powers set out in clause 11.1(c) of this Constitution;

B Share means a participating share of no par value in the capital of the Fund which has been designated as a B share and which will not pay a dividend;

B Share means a B ordinary share of no par value in the capital of the Company;