Examples of Cazoo Shares in a sentence
Operations prior to the acquisition of the Cazoo Shares by Listco will be deemed to be those of Cazoo.
The Committee intends to assess the Share Element of the Special Dividend by reference to the market value of Cazoo Shares on the Unconditional Date.
A: If you held your DMGT Shares in uncertificated form, you will be able to settle trades in Cazoo Shares through CREST in the form of CDIs in the same way as you had previously settled trades in DMGT Shares in CREST, or alternatively transfer your CDIs to hold directly in DTC by way of settling a cross-border delivery transaction.
You will receive a book-entry account statement of ownership evidencing your ownership of Cazoo Shares by the US Transfer Agent shortly after, and in any event within 14 days of, the date the Cazoo Shares are transferred to you.
Such DMGT Shareholders who wish to transfer their Cazoo Shares may do so by contacting EQ Shareowner Services, or any broker or custodian that is a DTC participant following creation of the DMGT Shareholder’s DRS account.
Cazoo Shares to which you are entitled under the Share Element of the Special Dividend will, unless you elect to retain the Cazoo Shares, be sold on your behalf by the SIP Trustee and the proceeds of sale (net of transaction fees and dealing costs) will be converted into GBP and transferred to you.
Please see the Offer Document for further details on the terms and timing of the Special Dividend.Cash Element of the Special Dividend The Cash Element of the Special Dividend will be paid to you by bank transfer (or by cheque if the SIP Trustee does not have bank account details on file for you).Share Element of the Special Dividend As regards the Share Element of the Special Dividend, the SIP Trustee cannot hold Cazoo Shares on your behalf.
On or soon after the date on which the Share Element of the Special Dividend is settled, you will receive CDIs representing your Cazoo Shares through the CREST system.
A: All DMGT Shareholders who were on the register of members of DMGT on the Record Date are entitled to receive 0.5749 Cazoo Shares for each DMGT Share, subject to rounding for each DMGT Shareholder.
In the maximum redemption scenario, if the GBP/USD exchange rate rises to 1.475 or above, Cazoo Shareholders would receive no cash and the entire consideration for their Cazoo Shares would consist of Listco Class C Shares.