Examples of Consideration Share in a sentence
Under the Alternative Offer, Scheme Shareholders (other than Scheme Shareholders resident or located in a Restricted Jurisdiction) may elect, in respect of all or part of their Scheme Shares, to receive one Consideration Share for each Scheme Share subject to the election in lieu of the Cash Offer to which they are otherwise entitled.
As an alternative to the Cash Offer, Scheme Shareholders (other than Scheme Shareholders resident or located in a Restricted Jurisdiction) may elect to receive one unlisted ordinary share in the capital of the Offeror (a "Consideration Share") for each Scheme Share held (the "Alternative Offer") subject to the terms and conditions of the Alternative Offer detailed in paragraph 12 of this Announcement below.
For the purposes of Rule 24.11 of the Code, Panmure Gordon will provide an estimate of the value of a Consideration Share, together with the assumptions, qualifications and caveats forming the basis of its estimate of value, in a letter to be set out in the Scheme Document.
In addition, the Escrow Agent shall have the right to deposit any of the Consideration, Share Certificates and closing documents with a court of competent jurisdiction without liability to any party if said dispute is not resolved within 30 days of receipt of any such notice of objection, dispute or otherwise.
Any fractional entitlement of a Scheme Shareholder to a part of a Consideration Share will be rounded up or down to the nearest whole number of Consideration Shares (rounded up if the fractional entitlement is equal to or greater than one half, and rounded down if the fractional entitlement is less than one half).