Examples of Bison Shares in a sentence
For illustration, we have assumed that the indicative issue price of the Placement Share is RM2.50 per Placement Share, which represents a discount of approximately 3.85% or RM0.10 to the 5-day VWAP of Bison Shares up to and including the LPD of RM2.60 per Bison Share.
The maximum number of new Bison Shares to be allotted and issued pursuant to the exercise of the ESOS Options that may be granted under the Proposed ESOS shall not in aggregate exceed 10% of the total number of issued shares of the Company (excluding treasury shares) at any point in time throughout the duration of the Proposed ESOS as provided in the By- Laws.
Under the General Mandate, the Board is authorised to issue new Bison Shares up to 10% of the Company‟s total number of issued shares.
The certificates representing the Klondex Shares and/or cheque to be issued in respect of the Deposited Bison Shares will be issued in the name of the person indicated in Box A and delivered to the address indicated in Box A (unless another address has been provided in Box B).
If no box is checked in Box D, the address shown in Box A will be deemed to be the residential address of the beneficial owner of the Deposited Bison Shares for the purposes of determining such Shareholder's residency for purposes of the Tax Act.
If Klondex makes a Share Election and determines to pay all or a portion of the Arrangement Consideration in Klondex Shares, Klondex shall make joint elections with Eligible Holders in respect of the disposition of their Bison Shares for the Arrangement Consideration pursuant to Section 85 of the Tax Act (or any similar provision of any provincial tax legislation) in accordance with the procedures and within the time limits set out in the Plan of Arrangement.
However, the Grantees are encouraged to hold the new Bison Shares as an investment rather than for immediate realisation to yield profit.
Accordingly, Registered Bison Shareholder depositing Bison Shares to the Depositary must represent as to whether or not the beneficial owner of such Deposited Bison Shares is a resident of Canada for the purposes of the Tax Act by completing Box D – Certification for Canadian Withholding Tax Purposes.
The Parties agree that: (i) the Arrangement shall result in the acquisition by Klondex of all of the issued and outstanding Bison Shares; and (ii) each Bison Shareholder (other than Klondex or a Bison Dissenting Shareholder who has validly exercised its Bison Dissent Rights) shall be entitled to receive, in exchange for each Bison Share held, the Arrangement Consideration, all as more specifically set out in the Plan of Arrangement.
The Company shall make the necessary application to Bursa Securities for the listing of and quotation for the new Bison Shares, representing up to 10% of the total number of issued shares in Bison (excluding treasury shares), to be issued pursuant to the exercise of the Options to be granted under the Proposed ESOS.