Conversion offering definition

Conversion offering means any offering of securities made as part of a plan by which a savings and loan association, insurance company, or other organization converts from a mutual to a stock form of ownership.
Conversion offering means the offering of stock after the date hereof in mutual savings banks or equivalent financial institutions upon de-mutualization of the same in which the Company or a Company Subsidiary has an account as at the date hereof.

Examples of Conversion offering in a sentence

  • The intended use of the attached advertisement "A" is to notify the Association's customers, stockholders and members of the local community that the Conversion offering is underway.

  • As part of the Conversion, the Holding Company and the Bank intend to establish the New Foundation which will qualify as an exempt organization under Section 501(c)(3) of the Internal Revenue Code and to donate to the New Foundation from authorized but unissued shares of Common Stock of the Holding Company, an amount equal to $30 million worth of Common Stock, valued at the expected Conversion offering price of $10 per share.

  • We continued to develop our fundamentals of our Waste Conversion offering with specific opportunities provided by the Australian market.

  • Feedback from meeting other health organisations on patient and public involvement 3.9 Feedback was given by one of the patient representatives from meetings with NICE and Health Technology Wales on their approach to patient and public involvement.

  • Open Patio One of the largest and best designed Apartments within the fabulous Budenberg Development, positioned within the original Budenberg Building Conversion, offering fantastic accommodation extending to approximately 1200 sqft on One Floor.


More Definitions of Conversion offering

Conversion offering. ’ means any
Conversion offering means the offering for sale of up to 5,290,000 shares of the Bank's Common Stock upon its conversion from a Connecticut-chartered mutual to a Connecticut-chartered capital stock savings bank.
Conversion offering means any offering of securities made as part of a plan by
Conversion offering means any offering of securities made as part of a plan by which a savings and loan association or other organization converts from a mutual to a stock form of ownership.