Capital Reduction definition

Capital Reduction means the proposed reduction of the share capital of the Target under Sections 72 and 74 of the Act, which forms part of the Scheme.

Capital Reduction means a reduction in capital by ANZ of its Ordinary Shares in any way permitted by the provisions of Part 2J of the Corporations Act.

Capital Reduction means the proposed reduction of the share capital of Eagle under Sections 72 and 74 of the Act, which forms part of the Scheme.

Examples of Capital Reduction in a sentence

• Subsequent to the entering into of the memorandum of understanding dated 16 March 2023 between Shanghai Gas, TSEL and Shenergy Group in relation to the exit of TSEL from its entire investment of 25% equity interest in Shanghai Gas as referred to in the joint voluntary announcement of HKCG and TSEL dated 16 March 2023, TSEL entered into the Capital Reduction Agreement and the Termination Agreement on 23 May 2023.

• The Consideration shall be paid by Shanghai Gas to a bank account designated by TSEL within 10 Business Days after completion of the registration of change of market entity in respect of Shanghai Gas, tax registration and the foreign exchange (or cross-border RMB payment) registration/filing procedures required for remittance of the Consideration in relation to the Capital Reduction.

• For TSEL, as the highest of the applicable percentage ratios in respect of the Capital Reduction exceeds 25% but is below 75%, the Capital Reduction constitutes a major transaction of TSEL and is therefore subject to the notificatio requirements under Chapter 14 of the Listing Rules.

• On 23 May 2023, TSEL also entered into the Termination Agreement with Shanghai Gas and Shenergy Group, pursuant to which the Parties agreed to terminate the Proposed Southbound Subscription, the shareholders’ agreement in relat entered into amongst the Parties and the articles of association of Shanghai Gas dated 27 October 2020 upon the Capital Reduction Agreement becoming effective.

• For HKCG, as the highest of the applicable percentage ratios in respect of the Capital Reduction exceeds 5% but is below 25%, the Capital Reduction constitutes a discloseable transaction of HKCG and is therefore subject to the notification and announcement requirements (but not the circular and sharehaopplrovdalererqusire’ments) under Chapter 14 of the Listing Rules.

More Definitions of Capital Reduction

Capital Reduction means the capital reduction of the Company to reduce

Capital Reduction means the proposed reduction of King’s share capital under Sections 84 to 86 of the Act, associated with the cancellation of the Scheme Shares;

Capital Reduction means a reduction in capital initiated by MBL in its discretion in respect of MBL Ordinary Shares in any way permitted by the provisions of Part 2J of the Australian Corporations Act;

Capital Reduction means the reduction in Enodis’ share capital pursuant to section 135 of the Companies Act 1985, involving the reduction and cancellation and extinguishing of the Scheme Shares as provided for by the Scheme;

Capital Reduction means the proposed reduction of the par value of each issued share from HK$0.10 each to HK$0.01 each by cancelling HK$0.09 paid-up capital on each issued share upon the Share Consolidation becoming effective;

Capital Reduction means a reorganisation or restructure of the capital of Kiwibank which results in the reduction on the number of Ordinary Shares on issue, and includes an acquisition by Kiwibank in accordance with the Companies Act.

Capital Reduction means the selective reduction of 2,14,42,343 (Two Crore Fourteen Lakhs Forty-Two Thousand Three Hundred and Forty-Three) fully paid-up equity shares of face value INR 10 (Indian Rupees Ten) each of the Company held by EBWT, without payment of any consideration to EBWT;