Examples of Deferred B Shares in a sentence
This resulted in 1,420,806,859 New Ordinary Shares and 1,420,806,859 Deferred B Shares in issue.
The holders of the Deferred B Shares shall not be entitled to any further right of participation in the assets of the Company.
The reduction by the Company of the capital paid up on the Deferred B Shares shall be in accordance with the rights attaching to the Deferred B Shares and shall not involve a variation of such rights for any purpose and the Company shall be authorised at any time to reduce its capital (in accordance with the Companies Acts) without obtaining the consent of the holders of the Deferred B Shares.
Without prejudice to the foregoing, the Company is authorised to reduce (or purchase shares in) its capital of any class or classes and such reduction (or purchase) shall not involve a variation of any rights attaching to the Deferred B Shares for any purpose or require the consent of the holders of the Deferred B Shares.
The holders of the Deferred B Shares shall not be entitled, in their capacity as holders of such shares, to receive notice of any General Meeting of the Company or to attend, speak or vote at any such meeting.
The Deferred B Shares shall confer no right to participate in the profits of the Company.
The Deferred B Shares shall not be listed or traded on any stock exchange nor shall any share certificates be issued in respect of such shares.
Once these distributions were made the B Shares and the C Shares were converted into Deferred B Shares and Deferred C Shares respectively before being transferred to the Company for no valuable consideration and cancelled shortly thereafter.
The Deferred B Shares shall not be transferable except in accordance with Article 163(G) below or with the written consent of the directors.
Article 159 shall remain in force until there are no longer any B Shares, C Shares, Deferred Shares or Deferred B Shares in existence, notwithstanding any provision in the Articles to the contrary.