Cancellation Consideration definition

Cancellation Consideration means the consideration to be provided to holders of CGA Options, calculated as follows:

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Cancellation Consideration means the aggregate number of EFI Shares as are issuable in satisfaction of 50% of the Change of the Control Obligations that may be owing from time to time to all Former Employees; the number of EFI Shares issuable to each Former Employee being determined based on the volume weighted average price of the EFI Shares on the TSX over the five trading days prior to the date upon which the Employment Termination Obligation is payable to such Former Employee (the “Share Price”), such that the product of the Share Price and the number of EFI Shares issuable to such Former Employee equals 50% of the Employment Termination Obligation owing to such Former Employee;

Cancellation Consideration means the cancellation price of HK$6.30 per Scheme Share payable in cash by Bidco to the Scheme Shareholders (other than the Executive Directors and their respective investment holding vehicles) pursuant to the Scheme;

Examples of Cancellation Consideration in a sentence

• In accordance with the terms of the WMVL Shareholders Irrevocable Undertakings and the Consortium Agreement, each of the WMVL Shareholders has undertaken to the cancellation of their respective Shares under the Scheme in consideration for receiving the WMVL Cancellation Consideration.

• Taking into account that the Shares held by the Participating Management Shareholders will not constitute Scheme Shares and that the WMVL Shareholders will receive the WMVL Cancellation Consideration in consideration for cancellation of their Shares under the Scheme, the Scheme would involve making an offer to cancel the remaining 7,192,291,808 Shares held by the Disinterested Shareholders, in exchange for cash at the Cancellation Consideration Price.

• Upon the Scheme becoming effective, (i) the Scheme Shares held by the Disinterested Shareholders will be cancelled in exchange for the Cancellation Consideration in cash; (ii) the Scheme Shares held by the WMVL Shareholders will be cancelled in consideration for the WMVL Cancellation Consideration; and (iii) the New Shares will be issued as fully paid or credited as fully paid to the Offeror.

• Under the Proposal, if the Scheme becomes effective, the Disinterested Shareholders will receive from the Offeror the Cancellation Consideration in cash for every Scheme Share cancelled and the WMVL Shareholders will receive, for each of their Scheme Shares cancelled, the WMVL Cancellation Consideration.

• Following the Scheme becoming effective, pursuant to the Rollover Agreement, the Rollover Shares will be transferred to the Offeror in consideration for an aggregate of 1,017,341,192 shares to be issued by WMVL to the Participating Management Shareholders credited as fully paid at the Cancellation Consideration Price.

More Definitions of Cancellation Consideration

Cancellation Consideration means HK$0.40 per Scheme Share

Cancellation Consideration means the consideration to be provided by B2Gold to holders of CGA Options as provided in the Implementation Agreement. CGA Options means an option to be issued a CGA Share.

Cancellation Consideration has the meaning given in the Option Scheme.

Cancellation Consideration means the cancellation price of HK$6.30 per Scheme Share payable in cash by the Offeror to the Scheme Shareholders pursuant to the Scheme;

Cancellation Consideration means an amount equal to R180 million (one hundred and eighty million rand)

Cancellation Consideration means:

Cancellation Consideration the consideration of HK$[6.20] in cash for every Scheme Share cancelled “CDH” CDH Fund V and SCBL “CDH Fund V” CDH Fund V, L.P., an exempted limited partnership formed under the laws of the Cayman Islands “CDH Group” CDH and its affiliates “Companies Law” the Companies Law (2016 Revision) of the Cayman Islands