Examples of Bidco Shares in a sentence
To the extent that elections for New Bidco Shares exchanging for Consideration Shares under the Alternative Offer cannot be satisfied in full, they will be scaled down as nearly as reasonably practicable pro rata to the size of such elections and any amount so scaled down shall instead be satisfied in cash.
Fractions of New Bidco Shares will not be allotted or issued to Scheme Shareholders pursuant to the Alternative Offer and entitlements will instead be rounded down to the nearest whole number of New Bidco Shares which will then be immediately exchanged for Consideration Shares.
The New Bidco Shares will be exchanged by way of a call option exercisable by Cambria Investments for the Consideration Shares.
The issue of any New Bidco Shares is conditional upon the Scheme becoming Effective.
The consideration under the Alternative Offer will comprise New Bidco Shares in Bidco which shall be immediately exchanged for Consideration Shares issued by Cambria Investments.
The issue of any New Bidco Shares pursuant to the Alternative Offer will be conditional upon the Offer becoming unconditional in all respects.
On or around the Effective Date, Bidco is expected to issue around 142,333,230 Bidco Shares (on the basis of the maximum issue of Hotel Chocolat Shares pursuant to the Hotel Chocolat Share Schemes described in Appendix 2), and the Initial Bidco Shares will be cancelled.
Holders of Rollover Shares shall be entitled to customary pre-emption rights or catch-up rights in relation to any such additional issue of Bidco Shares in order to maintain their percentage interest in Bidco.
The Unlisted Share Alternative will remain open for acceptance for as long as the Offer remains open for acceptance.Fractional entitlements to Hanover Bidco Shares under the Unlisted Share Alternative will be rounded down to the nearest whole number and will not be allotted or issued to ClearStar Shareholders but will be disregarded.Further details of the Unlisted Share Alternative are set out in Appendix II.
On or around the Effective Date, Bidco will issue around 142,333,230 Bidco Shares (the “Bidco Offer Shares”) and the Initial Bidco Shares will be cancelled.