Examples of BIPC Shares in a sentence
All such BIPC Shares will be duly authorized and validly issued as fully paid, non-assessable, free of pre-emptive rights and will be free and clear of any lien, claim or encumbrance.
Assumes that IPL shareholders select the higher value BIPC Shares resulting in 68% cash and 32% share proration and based on the closing price of the BIPC Shares on the TSX on August 16, 2021 AdvisorsBrookfield Infrastructure has engaged BMO Capital Markets and Barclays Capital Canada Inc.
BIPC will in good faith expeditiously take all such actions and do all such things as are reasonably necessary or desirable to cause all BIPC Shares to be delivered hereunder to be listed, quoted and posted for trading on all stock exchanges and quotation systems on which outstanding BIPC Shares have been listed by BIPC and remain listed and are quoted or posted for trading at such time.
Estimate based on an exchange ratio of 0.225 multiplied by the closing price of the BIPC Shares of $85.35 per share on May 31, 2021 or $90.88 per share on June 25, 2021.
Borrowings, non-controlling interests attributable to BIPC Shares, and partnership capital attributable to holders of LP, RPU, GP and Brookfield Infrastructure Partners Exchange LP Units and BIPC Shares were adjusted to reflect the post transaction allocation of the purchase price consideration and share consideration.
If any cheque(s) and/or certificates for BIPC Shares, as applicable, is (are) to be sent to or, in respect of partial deposits of Common Shares, Certificates representing Common Shares are to be returned to, someone at an address other than the address of the Shareholder as it appears in Block A on this Letter of Transmittal, entitled “Payment Instructions”, then Block B on this Letter of Transmittal, entitled “Delivery Instructions”, should also be completed.
If Block D is not completed, any cheques and/or certificates for BIPC Shares and/or certificates for Exchangeable LP Units will be mailed to the depositing Shareholder at the address of such Shareholder as it appears in Block C or, if no address is provided in Block C, then it will be mailed to the address of such Shareholder as it appears on the securities register maintained by or on behalf of IPL.
The Company's shareholders will have the option to elect to receive their consideration in cash, BIPC Shares or the mixture described above, subject to pro rata cut backs to the extent cash or BIPC Shares are oversubscribed.The Merger, which is currently expected to close in the third quarter of 2023, is subject to the receipt of required regulatory approvals and other customary closing conditions, including approval by the Company's shareholders.
The Company's shareholders will receive 0.3895 BIPC Shares per common share if the BIPC Final Stock Price is below $42.36, and 0.3352 BIPC Shares per common share if the BIPC Final Stock Price is above $49.23.
The total number of BIPC Shares available under the Offer is limited to 19,040,258 (based on the number of Common Shares outstanding as disclosed on the Toronto Stock Exchange (“TSX”) website ), subject to minor adjustments to account for rounding.