Examples of Common Access Shares in a sentence
Further details of the Common Access Shares are described in section C.
This right is afforded to each holder of New Ordinary Shares by means of the Common Access Shares issued by Smith & Nephew which are held on trust for all ordinary shareholders of Smith & Nephew Group in a dividend access trust.
The Common Access Shares will enable Smith & Nephew Group Shareholders to receive dividends from Smith & Nephew rather than from Smith & Nephew Group in respect of their New Ordinary Shares.
Appendix A contains further information about corporate governance and Appendix B contains further information about the Common Access Shares.
The Common Access Shares will enable Smith & Nephew Group Shareholders to elect to receive dividends from Smith & Nephew rather than from Smith & Nephew Group in respect of their New Ordinary Shares.
Group and the Company hereby undertake with each other that following the Effective Date, neither will make an announcement of the payment of any dividend or the intention to pay any dividend, in the case of Group on the Ordinary Shares and, in the case of the Company, on the Common Access Shares, without prior consultation with the other as to the respective amounts to be paid on the Ordinary Shares and Common Access Shares in accordance with the terms of this Deed.
As a result of the Scheme, Smith & Nephew Ordinary Shareholders will receive the same number of New Ordinary Shares as they currently hold, which, together with the rights attaching to the Common Access Shares but subject as described in paragraph 3.6(g) of Part X of this document, will confer on Smith & Nephew Ordinary Shareholders equivalent economic and voting rights.
Smith & Nephew Group shall procure that the Common Access Shares allotted and issued by Smith & Nephew are issued fully paid.
As a result of the Scheme, Smith & Nephew Ordinary Shareholders will receive the same number of New Ordinary Shares as they currently hold, which, together with the rights attaching to the Common Access Shares but subject as described in paragraph 3.6(g) of Part X of the Listing Particulars, will confer on Smith & Nephew Ordinary Shareholders equivalent economic and voting rights.
Holders of Smith & Nephew ADSs will continue to hold the same number of ADSs which, as a result of the Scheme, but subject to the rights attaching to the Common Access Shares and subject as described in paragraph 3.6(g) of Part X of this document, will enjoy equivalent economic rights in Smith & Nephew Group.