Examples of Cazoo Shares in a sentence
Settlement of the Cazoo Share component of the Special Dividend will not be able to occur until that lock-up period has expired.GeneralThe Possible Offer implies an enterprise value of £810 million (with DMGT assuming debt with a fair value of approximately £230 million) for all of the trading and investment businesses of DMGT, excluding RMS, the Cazoo Shares and the cash subject to the Special Dividend.
Operations prior to the acquisition of the Cazoo Shares by Listco will be deemed to be those of Cazoo.
Upon consummation of the Business Combination, the Reporting Person received 177,539,737 Class C Shares in exchange for such person’s Cazoo Shares.
You should also contact licensed brokers for transfer of your Cazoo Shares from the DRS to your own brokerage account.
The aggregate value of the Offer Consideration and the Special Dividend will be determined following RMS Completion and agreement on any associated deductions from the resulting cash held by DMGT; and in the case of the Cazoo Share component of the Special Dividend, upon distribution of the relevant Cazoo Shares.
As a result, the available $3.2725 per Cazoo Share would be allocated between all the Cazoo Shares for which an all-cash consideration election was made.
The Credit Administrator’s compliance function shall be responsible for ensuring each employee subject to the ethical wall policy is properly trained and that all required documentation, including the acknowledgement of obligations, has been completed before the Credit Administrator provide such individual with access to Confidential Information.
The reduction in the Cash Element of the Special Dividend attributable to fewer Cazoo Shares sold or redeemed by DMGT under the Cazoo IPO is equivalent to 27 pence which corresponds to a total of approximately £62 million (being the difference between the best estimate of the cash that was expected to be received at the time of the Possible Offer Announcement and the actual cash received) divided by the issued share capital of DMGT.
Approximately two days following the completion of the Reorganization and at the Closing, Listco will acquire all of the issued and outstanding Cazoo Shares from the Cazoo Shareholders for a combination of Listco Class C Shares and aggregate cash consideration of up to $605 million pursuant to a mix & match election.
In addition, Alex Chesterman and Stephen Morana, in their capacities as Cazoo Shareholders, agreed under the Transaction Support Agreements signed by them to only make a Standard Election or a Stock Election (as such terms are defined in the Business Combination Agreement) with respect to (i) all Cazoo Shares held by them (including such Cazoo Shares resulting from the exercise of certain options), and (ii) all their vested unapproved options.