Dear Shareholder definition

Dear Shareholder. Your Board of Directors has adopted a Shareholder Rights Plan (the "Plan") designed to deter coercive or unfair takeover tactics and to prevent an acquiror from gaining control of Digicon Inc. (the "Company") without offering a fair price to all of its shareholders. Included with this letter is a Summary of the Plan. We suggest that you retain this document for future reference. The Board has adopted the Plan because it enhances the Board's ability to protect the shareholders' and the Company's interest in the event of a coercive or unfair takeover attempt. More than 1,500 publicly held companies in the United States have adopted shareholder rights plans. Adoption of such a plan is now a commonly accepted business practice for protecting shareholder interests. Under the Plan, holders of record of Common Stock at the close of business April 1, 1996, will receive one Preferred Stock Purchase Right (a "Right") for each share of Common Stock held. Until such Rights become exercisable, your Common Stock certificates will evidence your Rights. The Rights will automatically trade with the Common Stock and will be exercisable only if and when an event arises to trigger them. The triggering events are described in the Summary of the Plan. Issuance of the Rights has no dilutive effect, will not affect reported earnings per share, and is not taxable to the Company or its shareholders. The Rights will not restrict trading of the Company's securities. Your Board of Directors believes that the Plan represents an effective and commonly accepted means of protecting the shareholders' interests without in any way weakening the Company's financial strength or interfering with the Company's business plans. As such, it is an expression of the Company's confidence in the future and our intention to give our shareholders a full opportunity to benefit from the Company's growth and success.
Sample 1
Dear Shareholder. As you know, your Series A Preferred Stock is convertible, at your option, into shares of Unity Bancorp, Inc.'s common stock at an assumed value of $7.25 per share of common stock (i.e., each Preferred share is convertible into 6.896 shares of Unity common stock). As you also know, Unity has been unable to pay the dividends owed on your Preferred Stock, which have been accumulating in arrears. In order to satisfy the dividend arrearages and induce holders of the Preferred Stock to convert to the common stock, Unity is undertaking an Exchange Offer under which the conversion ratio will be adjusted to an assumed price of $4.95 per shares (i.e., each Preferred Share may be exchanged for 10.1 shares of Unity common stock) and each holder of the Series A Preferred Stock who converts will receive one (1) common stock purchase warrant, which will permit the holder to purchase an additional share of Unity common stock at an exercise price of $5.50 per share for a period of fifteen (15) months, for each share of common stock received. In addition, in satisfaction of all outstanding accrued but unpaid dividends, each tendering Series A Preferred holder will receive one (1) share of common stock and one (1) common stock purchase warrant for each $4.95 in accrued but unpaid dividends. The terms of the Exchange Offer are subject to adjustment in the event the trading price of Unity's common stock exceeds $4.20 per share. Please refer to the accompanying prospectus for a full description of all of the terms of the Exchange Offer. Shareholders wishing to accept the Company's Exchange Offer and tender their Series A Preferred Shares for common stock and common stock purchase warrants must complete the enclosed form of letter of transmittal and submit the letter of transmittal, along with their Series A Preferred Share certificates, to Unity Bancorp, Inc., 00 Xxx Xxxxxxx 00, Xxxxxxx, Xxx Xxxxxx 00000, Attention: Corporate Secretary. Shareholders with any questions should call Xx. Xxxxx X. Hughes at (000) 000-0000. We urge you to carefully read the enclosed materials, and make your own determination as to whether or not you should accept this Exchange Offer. Very truly yours, Unity Bancorp, Inc.
Sample 1

Examples of Dear Shareholder in a sentence

  • New York, New York 10154 [DATE] [SHAREHOLDER NAME/ADDRESS] Dear Shareholder: This letter serves to inform you that Blackstone Alternative Alpha Master Fund (the “Fund”) has received and accepted for purchase your tender of shares of beneficial interest in the Fund.

  • New York, New York 10154 [DATE] [SHAREHOLDER NAME/ADDRESS] Dear Shareholder: This letter serves to inform you that Blackstone Alternative Alpha Fund (the “Fund”) has received and accepted for purchase your tender of shares of beneficial interest in the Fund.

  • None of the Company and/or any of its subsidiaries has received a notice (written or otherwise) that any of, their respective intellectual property has expired, terminated or been abandoned, or is expected to expire or terminate or be abandoned.

  • New York, New York 10154 [DATE] [SHAREHOLDER NAME/ADDRESS] Dear Shareholder: This letter serves to inform you that Blackstone Real Estate Income Fund (the “Fund”) has received and accepted for repurchase your tender of common shares of beneficial interest in the Fund, $0.001 par value per share (the “Shares”).

  • New York, New York 10154 [DATE] [SHAREHOLDER NAME/ADDRESS] Dear Shareholder: This letter serves to inform you that Blackstone Real Estate Income Fund II (the “Fund”) has received and accepted for repurchase your tender of [Advisor Class I] [Institutional Class II] common shares of beneficial interest in the Fund, $0.001 par value per share (the “Shares”).

  • New York, New York 10154 [DATE] [SHAREHOLDER NAME/ADDRESS] Dear Shareholder: This letter serves to inform you that Blackstone Alternative Alpha Fund II (the “Fund”) has received and accepted for purchase your tender of [Advisor Class II] [Advisor Class III] shares of beneficial interest in the Fund.

  • Dear Shareholder: The Board of Trustees of Guggenheim Energy & Income Fund (the “Fund”) has authorized a tender offer for up to 2.5% of the Fund’s outstanding Common Shares of Beneficial Interest, par value $0.01 per share (the “Shares”).

  • New York, NY 10017 [DATE] [SHAREHOLDER NAME/ADDRESS] Dear Shareholder: This letter serves to inform you that Pomona Investment Fund (the “Fund”) has received and accepted for purchase your tender of Class A Shares, Class I Shares, or Class M2 Shares in the Fund (“Shares”).

  • New York, NY 10001 [Date] Dear Shareholder: Private Advisors Alternative Strategies Fund (“Feeder Fund”) has received your tender of all or some, as the case may be, of your shares of beneficial interest in the Feeder Fund (“Shares”).

  • New York, NY 10001 [Date] Dear Shareholder: Private Advisors Alternative Strategies Master Fund (“Fund”) has received your tender of all or some, as the case may be, of your shares of beneficial interest in the Fund (“Shares”).

Related to Dear Shareholder

  • 10% Shareholder means a person who owns, directly or indirectly, stock possessing more than 10% of the total combined voting power of all classes of stock of the Company or any Parent or Subsidiary of the Company. Indirect ownership of stock shall be determined in accordance with Code Section 424(d).

  • Company Shareholder means a holder of one or more Company Shares;

  • Major Shareholder means a shareholder who directly or indirectly holds 10% or more of the voting rights.

  • Shareholder means a person who owns shares in the company and is actively involved in the management of the enterprise or business and exercises control over the enterprise.

  • 10% Stockholder means the owner of stock (as determined under Code Section 424(d)) possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Corporation (or any Parent or Subsidiary).

  • Preferred Shareholder means any holder of Preferred Shares.

  • Scheme Shareholder means a person who is registered in the Register as the holder of one or more Scheme Shares as at the Record Date.

  • Existing Shareholder means any Person that is a holder of Ordinary Shares as of December 8, 2017.

  • Stockholder means, with respect to any Person, each holder of Stock of such Person.

  • Class B Stockholder means (i) the registered holder of a share of Class B Common Stock at the Effective Time and (ii) the initial registered holder of any shares of Class B Common Stock that are originally issued by the Corporation after the Effective Time.

  • Common Stockholder means the employee of, consultant to, or director of the Company or other person to whom shares of Common Stock are issued pursuant to this Plan.

  • Record shareholder means the person in whose name shares are registered in the records of a corporation or the beneficial owner of shares to the extent of the rights granted by a nominee certificate on file with a corporation.

  • Eligible Shareholder means an existing or new investor of the Company that is eligible at the ACD’s discretion to invest in the Class X Shares upon entering into an agreement with the ACD and fulfilling the eligibility conditions set by the ACD from time to time.

  • Principal Shareholder means any corporation, Person or other entity which is the beneficial owner, directly or indirectly, of five percent (5%) or more of the outstanding Shares of any class or series and shall include any affiliate or associate, as such terms are defined in clause (ii) below, of a Principal Shareholder. For the purposes of this Section, in addition to the Shares which a corporation, Person or other entity beneficially owns directly, (a) any corporation, Person or other entity shall be deemed to be the beneficial owner of any Shares (i) which it has the right to acquire pursuant to any agreement or upon exercise of conversion rights or warrants, or otherwise (but excluding share options granted by the Trust) or (ii) which are beneficially owned, directly or indirectly (including Shares deemed owned through application of clause (i) above), by any other corporation, Person or entity with which its "affiliate" or "associate" (as defined below) has any agreement, arrangement or understanding for the purpose of acquiring, holding, voting or disposing of Shares, or which is its "affiliate" or "associate" as those terms are defined in Rule 12b-2 of the General Rules and Regulations under the Securities Exchange Act of 1934, and (b) the outstanding Shares shall include Shares deemed owned through application of clauses (i) and (ii) above but shall not include any other Shares which may be issuable pursuant to any agreement, or upon exercise of conversion rights or warrants, or otherwise.

  • Company Stockholder means the holder of either a share of Company Common Stock or a share of Company Preferred Stock.

  • Soliciting Shareholder means, with respect to any Special Meeting demanded by a shareholder or shareholders, any of the following Persons:

  • substantial shareholder means a person who is entitled to exercise, or to control the exercise of, 10% or more (or such other percentage as may be prescribed by the Listing Rules) of the voting power at any general meeting of the Company;

  • Ordinary Shareholder means a holder of ordinary shares;

  • Transferring Shareholder has the meaning set forth in Section 5.2(a).

  • Class A Shareholder means a holder of Class A Shares;

  • Controlling Shareholder means any shareholder owning more than fifty

  • Major Stockholder means any such Person.

  • Founder means, in respect of an issuer, a person who,

  • Selling Shareholder has the meaning set forth in Section 3.04(a).

  • Beneficial shareholder means the person who is a beneficial owner of shares held in a voting trust or by a nominee as the record shareholder.