Converting Preference Share definition

Converting Preference Share means a Preference Share which is specified in the Issue Resolution as being liable to be converted or convertible into ordinary Shares in a manner permitted by the Corporations Act, whether at the option of the Holder or otherwise.
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Converting Preference Share means a Converting Preference Share issued under this Article 6.
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Converting Preference Share means a share issued in accordance with thisclause 2.5;
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Examples of Converting Preference Share in a sentence

  • The initial dividend period for each Converting Preference Share will be from and including the Dividend Accrual Date to such date as is specified in the Terms of Issue.

  • It is conducted by using ASCE/SEI 41- 13 to assess the seismic performance of two alternative design approaches using Canadian building and RC codes for an existing moderately ductile (MD) 10-storey RC shear wall building located in Montreal.

  • Seer Asset Management Ltd will issue up to 40,000,000 Converting Preference Shares (assuming all oversubscriptions are fully subscribed) at an Offer Price of $0.10 per Converting Preference Share, raising gross proceeds of up to $4 million.

  • Records reviewed demonstrate that actions are taken in a timely manner.

  • Terms of the Options are set out in Section 9.What is the consideration payable for each security being offered?Successful Applicants under the Offer will pay the Offer Price, being $0.10 per Converting Preference Share, and will receive one free Option for each Converting Preference Share issued to them.

  • The Directors may, at the time of issue of any Converting Preference Share, resolve that a Supplementary Dividend may be payable (subject to clause 2.5(d)) in respect of the Converting Preference Share, in which event a Supplementary Dividend (if any) will be paid in accordance with the Terms of Issue.

  • Following Conversion, each Converting Preference Share will rank equally with and will confer rights identical with and impose obligations identical with all other fully paid ordinary Shares then on issue.

  • We expect this trend of lower issue margins to continue and we would anticipate the margin on any new Capital Note or Converting Preference Share issuance from a major bank security to be around the 3.00% level.

Related to Converting Preference Share

  • Preference Share means a preference share of a par value of US$0.0001 in the share capital of the Company.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Series A Preferred Stock means shares of the Company’s Series A Preferred Stock, par value $0.0001 per share.

  • Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.

  • Common Share means one share of the common stock of the Company.