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;
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;
Examples of BEE Segment in a sentence
In 2016, the YeboYethu ordinary shares were listed on the BEE Segment of the JSE.
YeboYethu will remain listed on the BEE Segment of the JSE after the final implementation date.
It is anticipated that the YeboYethu listing will be effective as from the commencement of trade on Thursday 11 August 2016.YeboYethu will list on the BEE Segment and will use a BEE verification agent as contemplated in the Listings Requirements.
The units, representing underlying YeboYethu ordinary shares, will have a service condition that will lift in three equal tranches at the end of years 3, 4 and 5 respectively, but will only become tradable on the BEE Segment in equal tranches over a three year period starting from the end of the fifth year of the scheme (i.e. years 6, 7 and 8).
The units representing underlying YeboYethu ordinary shares will have a service condition that will lift in three equal tranches at the end of years 3, 4 and 5 respectively, but will only become tradable on the BEE Segment in equal tranches over a three year period starting from the end of the fifth year of the scheme (i.e. years 6, 7 and 8).
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 ...
BEE Segment has the meaning given to such term in the Listings Requirements;
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 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, one or more persons 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 TERM MEANING Agreement in respect of performing BEE Verification, being as at the SLA Effective Date, Nedbank SSA and/or the Service Provider (as the case may be), 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 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 where an Issuer may list its BEE Securities and
BEE Segment has the meaning given to such term in the JSE Listings Requirements from time to time;
BEE Segment means a segment of the JSE’s main board on which an issuer may list