Examples of D Ordinary Shares in a sentence
The Founders will contribute further equity by either: (i) rolling (to the extent that a replacement scheme is implemented post completion on terms to be agreed) their vested entitlements under the CareTech Long Term Incentive Plan and a portion of their vested options under the CareTech ExSOP; or (ii) cashing out these entitlements and reinvesting certain of the proceeds into D Ordinary Shares in Topco (or a combination of the two).
Immediately after the Effective Date, the A Ordinary Shares will be held by Kensington and Belgravia, the B Ordinary Shares and C1 Ordinary Shares will be held by TH Pathways, the C2 Ordinary Shares will be held Ares and the D Ordinary Shares will be held by Sheikh Ventures, the Founders and eligible CareTech Shareholders who elect for the Partial Alternative Offer.
The share capital of Topco currently comprises 4 ordinary shares but will be reorganised prior to the EffectiveDate so that it comprises A Ordinary Shares, B Ordinary Shares, C1 Ordinary Shares, C2 Ordinary Shares and D Ordinary Shares on the terms to be set out in the Scheme Document.
The Articles define “Ordinary Shares” as comprising A, B, C and D Ordinary Shares.
The Independent Risk Manager shall also determine the required redemption or subscription amount of Class D Ordinary Shares in order to make the Actual Reference Ratio equal to the Scheduled Reference Ratio as at the close of such Business Day.