Examples of Completion of the IPO in a sentence
Such percentages to be calculated, in both cases, on a see-through basis, with respect to the Pirelli share capital at the Date of Completion of the IPO.
Each Party shall provide the other Party with any information reasonably requested in connection with the continued vesting of equity awards granted by NAB to employees of the Company and its Subsidiaries prior to the Completion of the IPO in accordance with their respective terms.
On this point, it should be noted that, pursuant to the lock-up commitments undertaken by Camfin under the Pirelli Shareholders Agreement and with respect to the Joint Global Coordinators, the demerger / liquidation of Camfin and the relevant assignment to the shareholders of Camfin of Pirelli listed shares may not be completed before the expiry of the relevant lock-up period, corresponding to 365 days from the Date of Completion of the IPO.
From the Completion of the IPO until the earlier of (i) the day prior to the one-year anniversary of the Less Than Majority Holder Date and (ii) the Non-Control Date, the Company and NAB shall use their best efforts to cause the Board of Directors to consist of a majority of NAB Directors.
Without prejudice to the different and shorter term provided with respect to the lock-up undertakings pursuant to Paragraph 5.2.1 above, the provisions of the New Shareholders Agreement described above will become effective on the Date of Completion of the IPO and will remain in full force and effect until the date of approval, by the shareholders’ meeting of Pirelli, of the financial statements of the Company as at December 31, 2019 and, in any case, no later than June 30, 2020.
From the Completion of the IPO until the earlier of (i) the one-year anniversary of the 50% Date and (ii) the 25% Date, the Company shall use its best efforts to cause the Board of Directors to consist of a majority of BNPP Directors.
Pursuant to the New Shareholders Agreement, the Parties undertook not to sell, assign, transfer or dispose, in any way whatsoever, directly or indirectly (without prejudice to the Permitted Transfers, as defined below) their respective participations directly or indirectly held in Pirelli (as well as any right or related financial instrument), until the expiry of the first anniversary as of the Date of Completion of the IPO, i.e. until October 4, 2018.
The New Shareholders Agreement provides that from August 31, 2017 the Board of Directors of Pirelli shall be composed of 14 members, 7 of whom independent and that an additional independent director, to be appointed by the minority shareholders at the first shareholders’ meeting of Pirelli following the Date of Completion of the IPO (May 15, 2018), shall be added to the same board.
Each Party shall provide the other Party with any information reasonably requested in connection with the continued vesting of equity awards granted by BNPP to employees of the Company and its Subsidiaries prior to the Completion of the IPO in accordance with their respective terms.
AZUL Holding’s New Shares and AZUL Holding’s Common Shares held by Neeleman shall not be traded or otherwise Transferred by TRIP’s Shareholders and/or Neeleman, as applicable, for a period of [*****], as of the Date of Merger, up to the Completion of the IPO, whichever occurs first (the “Lock-Up Period”), exclusively in the event of Transfer to competitors of AZUL Holding in the civil aviation sector.