Court Sanction Hearing definition

Court Sanction Hearing means the Court hearing at which the Court will decide whether to sanction the Scheme of Arrangement.

Court Sanction Hearing means the hearing of the Court to sanction the Scheme under Part 26 of the Companies Act and any adjournment, postponement or reconvening thereof;

Court Sanction Hearing means the hearing of the Court to sanction the Scheme, including any adjournment thereof;

Examples of Court Sanction Hearing in a sentence

• The Court Sanction Hearing shall have occurred and the Court shall have sanctioned the Scheme and shall have approved the delivery to the Registrar of Companies of a copy of the order of the Court sanctioning the Scheme under section 899 of the Companies Act (the “Sanctioning Order”).

• The Scheme, which will be subject to the Conditions and other terms summarised below and set out in the Scheme Document, will require the sanction of the Court at the Scheme Court Sanction Hearing.

• It is intended that the last time for dealing in Charter Court Shares on the London Stock Exchange will be 4.30 p.m. on the first Business Day following the Scheme Court Sanction Hearing, such that no transfers of Charter Court Shares will be registered after 6.00 p.m. on that date.

• Scheme of Arrangement: within 28 days Bidder and target announce SchemeWithin 21 days of the Scheme document a meeting of the shareholders to approve special resolutionWithin 40 days Court Sanction Hearing Day 41 the Court sanction is submitted toCompanies House and Scheme takes effect Day 55 last day for payment of consideration The above is to be read in light of the changes to theUK’s Takeover Code (the Code) which came into effect in July 2021 and are the most key changes to the Code in many years.

• The time and date for the Scheme Court Sanction Hearing is indicative only and will depend on, among other matters, the date on which the Conditions are satisfied or (to the extent capable of waiver) waived.

More Definitions of Court Sanction Hearing

Court Sanction Hearing means the hearing of the Court (and any adjournment thereof) to sanction the Scheme pursuant to Article 125 of the Jersey Companies Law, at which the Court Order is expected to be granted;

Court Sanction Hearing means the Court hearing to sanction the Scheme under section 899 of the Companies Act;

Court Sanction Hearing the hearing of the Court to sanction the Scheme under section 899 of the Companies Act and, if such hearing is adjourned, reference to commencement of any such hearing shall mean the commencement of the final adjournment thereof;

Court Sanction Hearing the hearing of the Court to sanction the Scheme under section 899 of the Companies Act 2006 and any adjournment, postponement or reconvention thereof

Court Sanction Hearing means the Court hearing to sanction the Scheme under section 899 of the Companies Act, at which the Scheme Court Order is expected to be granted; “Day 60” means the 60th day after publication of the Offer Document (or such later date as is set out in accordance with Rule 31.3 of the Code and the Notes on that Rule);

Court Sanction Hearing means the hearing by the Court of the application to sanction the Scheme under Part 26 of the Companies Act;

Court Sanction Hearing means the hearing by the Court to sanction the Scheme under section 899 of the Companies Act; Credit Suisse means Credit Suisse International;