Examples of Biomira US in a sentence
As of the Effective Date, Biomira US shall assume the obligations of Biomira under each of the Biomira Share Option Plan, the Biomira Restricted Share Unit Plan and the Biomira Warrants all on the terms contained therein, subject to any amendments or modifications required to be made to such plans to give effect to the Arrangement as set forth in this Plan of Arrangement.
Biomira US and the Depositary shall be entitled to deduct and withhold from all dividends or other distributions otherwise payable to any Former Biomira Shareholder such amounts as Biomira US or the Depositary is required or permitted to deduct and withhold with respect to such payment under the Income Tax Act (Canada), the United States Internal Revenue Code of 1986 or any provision of any applicable federal, provincial, state, local or foreign tax law, in each case, as amended.
In addition, we intend to list the shares of Biomira US to be received in connection with the arrangement on the NASDAQ Global Market as well as on the Toronto Stock Exchange.
Accordingly, this classification of the Biomira US board of directors may have the effect of delaying or preventing changes in control of management.
As of the completion of the arrangement, the Biomira US board of directors will be divided into three classes of directors, each serving staggered three-year terms.
Shareholders of Biomira who receive a fractional share in Biomira US as a result of the arrangement will receive cash in lieu of such fractional share.
As of the Effective Time, Biomira US shall assume the obligations of Biomira under each of the Biomira Share Option Plan, the Biomira Restricted Share Unit Plan and the Biomira Warrants all on the terms contained therein, subject to any amendments or modifications required to be made to such plans to give effect to the Arrangement as set forth in the Plan of Arrangement.
Biomira US intends to apply for substitute listing on the NASDAQ Global Market effective on the completion of the arrangement under the proposed symbol BIOM and it is expected that the Biomira US shares will commence trading on the NASDAQ Global Market immediately after the arrangement is completed.
It is expected that the Biomira US shares of common stock will commence trading on the Toronto Stock Exchange shortly after the arrangement is completed under the symbol BRA.
Biomira shall give Biomira US timely opportunity to review and comment on the Information Circular and all such other documentation prior to sending the Information Circular and such other documentation to the Biomira Shareholders.