Empowerment Period definition
Empowerment Period means as regards those Sasol BEE Ordinary Shares in respect of which the Election is not exercised or a Holder’s exercise of the Election is void for any reason, the period ending on 7 September 2018 or such shorter period as may be determined by the Company in its sole discretion and notified in one national South African newspaper and if the Sasol BEE Ordinary Shares are listed on the JSE, on the Securities Exchange News Service;
Empowerment Period means as regards an Issuer, the period specified as such in that Issuer’s Additional Terms, being the period that Issuer’s BEE Securities are required to be Beneficially Owned by, or registered in the names of Own Name Clients which/who are, BEE Compliant Persons;
Empowerment Period means a period of 3 650 (three thousand, six hundred and fifty) days (or if the last day of that period is not a Business Day, up to and including the next Business Day), or such shorter period as may be determined by Sasol, commencing on the Effective Date;
Examples of Empowerment Period in a sentence
For the duration of the Empowerment Period, the Company must appoint SSA as its company secretary.
For the duration of the Empowerment Period, the financial year end of the Company shall be the same as that of Sasol.
After the end of the Empowerment Period the financial year end of the Company shall be 30 June.
Exxaro is entitled to exchange this interest for approximately 3.2% in additional Class B Shares under certain circumstances (i.e., the earlier of the termination of the Empowerment Period or the tenth anniversary of completion of the Transaction).
Sasol, the Financing Institutions and the Funding Companies will meet prior to the expiry of the Empowerment Period to determine the funding of the redemption of the Preference Shares at the end of the Empowerment Period.
More Definitions of Empowerment Period
Empowerment Period means a period ending on 7 September 2018, or such shorter period as may be determined by Sasol;
Empowerment Period means the period from the allotment and issue of the ordinary shares in Sasol Inzalo (other than the first ordinary share issued) until the later of:
1.1.1.1 the date on which all the Preference Shares in FundCo are redeemed;
1.1.1.2 the Sasol Inzalo Preference Share is redeemed;
Empowerment Period means the period ending on 7 September 2018 or such shorter period as may be determined by the Company in its sole discretion and notified in one national South African newspaper and if the Sasol BEE Ordinary Shares are listed on the JSE, on the Securities Exchange News Service;
Empowerment Period means a period expiring on the earlier of:
Empowerment Period means a period expiring on the 10th (tenth) anniversary of the Effective Date or such shorter period as may be determined by Sasol in its sole discretion;
Empowerment Period means a period expiring on the earlier of:
1.3.35.1. the 10th (tenth) anniversary of the Effective Date; and
1.3.35.2. the later of the date on which:
1.3.35.2.1. the preference shares issued by Sasol Khanyisa FundCo to Sasol have been fully redeemed and all accumulated dividends thereon have been fully paid; or
1.3.35.2.2. the Automatic Repurchase has been implemented to its fullest extent, if applicable, unless Sasol otherwise determines that this clause 1.3.35.2 shall not apply, or determines to extend the period beyond the settlement of the preference shares issued by Sasol Khanyisa FundCo to Sasol, or the implementation of the Automatic Repurchase to its fullest extent, whichever may be applicable, to a date selected by Sasol, but which date shall not be after the date in clause 1.3.35.1, or such shorter period as may be determined by Sasol in its sole discretion;
Empowerment Period means a period expiring on the earlier of:1.
3.35.1. the 10th (tenth) anniversary of the Effective Date; and1.3.35.2. the later of the date on which:1.3.35.2.1. the preference shares issued by Sasol Khanyisa FundCo to Sasol have been fully redeemed and all accumulated dividends thereon have been fully paid; or1.