B Share Issue Ratio definition

B Share Issue Ratio means the ratio of 1.98061 (one point nine eight zero six one) B Shares for every 1 (one) Stapled Ordinary Share held by the B Shareholders at the time of the issue and allotment of the B Shares which, for the avoidance of doubt, shall continue to apply to any B Shareholder from time to time thereafter;
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B Share Issue Ratio means the ratio of 1.98061 (one point nine eight zero six one) B Shares, or such lesser number of B Shares as the B Shareholders may approve from time to time by resolution adopted in accordance with clause 5.2 of these B Share terms, for every 1 (one) Stapled Ordinary Share held by the B Shareholders from time to time (it being recorded for the sake of clarity, that this ratio (as amended) may not be increased at any time) at the time of the issue and allotment of the B Shares which, for the avoidance of doubt, shall continue to apply to any B Shareholder from time to time thereafter;”
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Examples of B Share Issue Ratio in a sentence

  • Each B Shareholder must at all times hold at least the B Share Issue Ratio of Stapled Ordinary Shares to B Shares.

  • Partial payments for Temporary Traffic Control will be made as follows: The cumulative total of the lump sum price for temporary traffic control will be equal to the percent complete (project) as calculated for eachpartial pay estimate.

  • Should there be a corporate event or an alteration of the share capital of the Company which increases or decreases the number of Stapled Ordinary Shares held by any B Shareholder, then the number of B Shares held by such B Shareholder shall be increased or decreased, as the case may be, to maintain the B Share Issue Ratio of Stapled Ordinary Shares to B Shares held by such Shareholder.

  • B Shares will, subject to the fulfilment of the conditions precedent set out in paragraph 6 below, be issued to the Controlling Shareholders on a once-off basis (subject to the adjustment provisions of paragraph 3.4 below), in the B Share Issue Ratio of 198.06089 B Shares for every 100 Ordinary Shares, equating to 259 682 928 of the 1 000 000 000 authorised B Shares to be issued to the Controlling Shareholders to maintain the current voting rights of Holdings in Stores (after the Pre-Unbundling Disposal).

  • No individual B Share can be disposed of without a concurrent disposal of a corresponding ratio of Stapled Ordinary Share(s), and any disposal of Stapled Ordinary Shares held by the B Shareholders will result in a pro rata disposal of B Shares at the B Share Issue Ratio.

  • In the event of any renounceable rights issue of Stores Shares in which the B Shareholders elect to follow their rights in terms of their Stores Shares, B Shares will be issued in the B Share Issue Ratio to the B Shareholders in order to prevent any unwarranted dilution of their voting rights.

  • In the event of a consolidation of shares or similar alteration of the capital structure of Stores which has an accretion effect on the B Shareholders, the number of B Shares held by the B Shareholders shall be decreased to accord with the B Share Issue Ratio.

Related to B Share Issue Ratio

  • Exchange Ratio shall have the meaning set forth in Section 24(a) hereof.

  • Series C Preferred Stock means shares of the Company’s Series C Preferred Stock, par value $0.0001 per share.

  • Issue Price With respect to each Class of Certificates, the “issue price” as defined in the Code and Treasury regulations promulgated thereunder.

  • Preferred Stock as applied to the Capital Stock of any corporation, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such corporation, over shares of Capital Stock of any other class of such corporation.