BEE Segment means a segment of the JSE's main board where an issuer may list its BEE Securities and where trading in such BEE Securities is restricted to BEE Compliant Persons;
BEE Segment means a segment of the JSE’s main board where an Issuer may list its BEE Securities and where trading in BEE Securities is restricted to BEE Compliant Persons;
BEE Segment means a segment of the JSE's main board where an issuer may list its BEE Securities;
Examples of BEE Segment in a sentence
The JSE will have controls to monitor that only BEE Compliant Persons who have signed a BEE Contract and, where necessary, submitted BEE Certifi cates or identity documents /naturalisation affi davits are able to buy BEE Securities listed on the proposed BEE Segment.
The BEE Contract makes no mention of charters because of its generic nature;6.5 the BEE Contract will terminate at the end of the last remaining empowerment period of all Issuers whose BEE Securities are listed on the proposed BEE Segment.
Only in the event that You acquire additional BEE Securities after the date of the listing on the BEE Segment of such BEE Securities, You will be required to conclude This BEE Contract .
The proposed BEE Segment is a sector of the Main Board on which BEE Securities that meet the Listings Requirements will be listed.
The BEE Contract which the JSE will prescribe as part of its Rules and Directives is, as has been pointed out above, a generic contract which has been designed to cater for all Issuers who may list their BEE Securities on the proposed BEE Segment.
More Definitions of BEE Segment
BEE Segment means a segment of the main board of the JSE where an issuer may list its BEE Securities and where trading in BEE Securities is restricted to Black Persons and Black Groups;
BEE Segment means a segment of the JSE’s main board on which an issuer may list its BEE Securities and where trading in such securities is restricted to BEE compliant persons (as defined in the JSE Listings Requirements);“BEE Verification”means the verification of a person by the BEE Verification Agent, which verification must conclude, inter alia, that:• the person is an Eligible Person;• such Eligible Person has been notified of the necessary restrictions, limitations and requirements applicable to Ordinary Shares from time to time as set out in this Memorandum and has agreed to be bound by the provisions thereof; and• such Eligible Person has accepted the Trading Terms and Conditions and has signed all documents and contracts required in terms of the Trading Terms and Conditions,and “BEE Verified” shall have a corresponding meaning;“BEE Verification Agent”means during the BEE Listing Period, a person appointed from time to time by SAB and/or SAB Zenzele Kabili (with the consent of SAB), to fulfil the functions assigned in respect of performing BEE Verification, as at the Last Practicable Date being EmpowerLogic Proprietary Limited, a private company incorporated in accordance with the laws of South Africa under registration number: 1995/000523/07;“BEE Verified Person”means during the BEE Listing Period, any Eligible Person that SAB Zenzele Kabili (or its nominee, delegatee or agent) confirms as having successfully completed BEE Verification, and whose BEE Verification status has not expired or been withdrawn in accordance with the Trading Terms and Conditions;“Black Company”means a company incorporated in accordance with the laws of South Africa, and which is a Black Majority Owned Company, and a reference to “company” in this definition shall include a reference to a close corporation;“Black Entity”means: (i) a vesting trust; (ii) a broad based ownership scheme; (iii) an employee share ownership programme; and (iv) an unincorporated entity or association, including a partnership, joint venture, syndicate or stokvel, in each case under (i) to (iii) as may be determined from time to time (generally or in relation to any particular Black Entity or category of Black Entities) by SAB in its sole discretion as an entity which qualifies under the BEE Legislation (and the Codes in particular) for recognition and measurement of ownership, economic interest and control by Black People such that the SAB Group may claim recognition of at least 51% of the rights of ownership u...
BEE Segment has the meaning given to such term in the Listings Requirements;
BEE Segment means a segment of the JSE’s main board where an Issuer may list its BEE Securities and
BEE Segment has the meaning given to this term in the Listings Requirements from time to time; BEE Status in relation to a Black Group, the Black Group's percentage ownership and percentage economic interest by Black People (by shareholding, membership, beneficiary interest and/or other comparable interest, as the case may be having regard to the juristic nature of the relevant Black Group) and the Black Group's percentage representation by Black People at board or trustee or other similar governing body, as measured under the BEE Legislation and, in relation to a natural person, whether or not that person TERM MEANING qualifies as a Black Person; BEE Verification the verification of a person by the BEE Verification Agent, which verification must conclude, inter alia, that: • the person is an Eligible Shareholder; • such Eligible Shareholder has been notified of the necessary restrictions, limitations and requirements applicable to such MTNZF Shares from time to time as set out in the MTNZF MOI and the Relationship Agreement, and has agreed to be bound by the provisions thereof; • such Eligible Shareholder has accepted the applicable Verification Terms and Conditions; and has signed all documents and contracts, and satisfied or fulfilled any additional steps, required in terms of the applicable Verification Terms and Conditions, and "BEE Verified" has a similar meaning; BEE Verification Agent during the BEE Listing Period, a person appointed from time to time by MTN and/or MTNZF (with the consent of MTN), in writing, to fulfil the functions assigned to it under the Relationship Agreement in respect of performing BEE Verification, being as at the Last Practicable Date, Nedbank SSA, and who will also act as our agent in relation to the Application Process. The BEE Verification Agent will act on our behalf in performing such functions; BEE Verification Confirmation the confirmation delivered by the BEE Verification Agent to the Trading Entity (pursuant to the Facilitated Trading Process) and the Relevant Market Participant (pursuant to the Independent Trading Process), in which the BEE Verification Agent confirms that the MTNZF Shareholder identified in that confirmation is a Verified Shareholder; BEE Verification Process the process that we require an Eligible Shareholder to follow to apply for confirmation from the BEE Verification Agent that such Eligible Shareholder is a Verified Shareholder;
BEE Segment means a segment of the JSE’s main board on which an issuer may list
BEE Segment has the meaning given to such term in the JSE Listings Requirements from time to time;