Entitled Shareholders definition
Examples of Entitled Shareholders in a sentence
Upon the consummation of the Merger and any applicable Contemplated Transactions, without derogating from any other warranty and/or representations set forth herein with respect to the Parent, the Entitled Shareholders shall hold, in the aggregate, the Parent Common Stock in an amount reflecting the Goal Holdings.
Elections in respect of the First Tranche and the Second Tranche shall be made in one document which shall be provided to Entitled Shareholders contemporaneously with the mailing of the 2017 Meeting Materials and which will require such Entitled Shareholders to elect to participate in the Subscription Process by a date that is not later than two (2) business days prior to the 2017 Meeting by returning such documentation to the Company.
Each Non-Selling Shareholder who does not elect to purchase Offered Shares under Section 1.3 (“Entitled Shareholder”) shall have the option, exercisable by written notice to the Selling Shareholder, within 10 business days after receipt of the Notice, to require the Selling Shareholder to provide as part of its proposed Transfer, that such Entitled Shareholder be given the right to participate and Transfer up to such Entitled Shareholder's Tag Along Ratio.
Any reference to New Shares as having been “taken up” means such New Shares, including those to be represented by ADSs, which have been validly subscribed (i) by the members of the ESOA who have preemptive rights with respect to such New Shares, (ii) by the Entitled Shareholders who have Share Rights with respect to such New Shares or (iii) by the transferees or purchasers of Share Rights, all in accordance with the terms of the Offer Documents.
The Company proposes to grant Entitled Shareholders transferable rights to purchase their pro rata share of the New Shares (the “Share Rights”), and to cause the ADR Depositary to grant Entitled ADS Holders transferable rights to purchase their pro rata share of the New ADSs representing the New Shares (the “ADS Rights” and, together with the Share Rights, the “Subscription Rights”).
Entitled Shareholders will be issued Warrants on the basis of their shareholdings as at the Books Closure Date.
If IW does not provide the above mentioned certificate from an acceptable Big Four Accounting Firm with the 5 (five) Business Days’ time period, then the Entitled Shareholders shall have a right to appoint a Big Four Accounting Firm of their choice and provide the above mentioned certificate to the Sponsors.
For the avoidance of doubt, no brokerage or fees will be charged to the Company or to Entitled Shareholders accepting their pro rata entitlement to New Shares under the Rights Issue.
The exercise of tag along rights by Entitled Shareholders shall not increase the number of shares that the proposed transferee must acquire in the Transfer.
Entitled Shareholders will be at liberty to accept, decline, renounce or trade their provisional allotments of the Rights Shares with Warrants and will be eligible to apply for Rights Shares and the Warrants in excess of their provisional allotments under the Rights cum Warrants Issue.