Examples of EU Supply Shares in a sentence
The Confidentiality Agreement includes standstill obligations which, subject to certain exceptions and for a period of one year from the date of the agreement, prohibit Mercell from, amongst other things, acquiring or entering into any agreement to acquire any EU Supply Shares.
If the Transaction is effected by way of a Takeover Offer and such offer becomes or is declared unconditional in all respects and sufficient acceptances are received, Mercell intends to exercise its rights to acquire compulsorily the remaining EU Supply Shares in respect of which the offer has not been accepted.
On the Effective Date, share certificates in respect of EU Supply Shares will cease to be valid and entitlements to EU Supply Shares held within the CREST system will be cancelled.
Trading facilities EU Supply Shares are currently admitted to trading on AIM.
Delisting will significantly reduce the liquidity and marketability of EU Supply Shares.
Mercell has also received irrevocable undertakings from certain other EU Supply Shareholders to vote, or procure a vote, in favour of the Scheme at the Court Meeting and the EU Supply Resolutions relating to the Transaction at the EU Supply General Meeting (or, in the event that the Transaction is implemented by way of a Takeover Offer, to accept or procure acceptance of such Takeover Offer) in respect of, in aggregate, 19,620,377 EU Supply Shares (representing, in aggregate, approximately 27.4 per cent.
Right to switch to Takeover Offer Mercell reserves the right to elect, with the consent of the Panel, to implement the acquisition of the EU Supply Shares by way of a Takeover Offer as an alternative to the Scheme.
In total, therefore, Mercell has received irrevocable undertakings to vote in favour of the Scheme at the Court Meeting and the EU Supply Resolutions at the EU Supply General Meeting in respect of, in aggregate, 31,092,691 EU Supply Shares (representing, in aggregate, approximately 43.4 per cent.
Mercell has received a non-binding letter of intent from an EU Supply Shareholder to vote, or procure a vote, in favour of the Scheme at the Court Meeting and the EU Supply Resolutions relating to the Transaction at the EU Supply General Meeting (or, in the event that the Transaction is implemented by way of a Takeover Offer, to accept or procure acceptance of such Takeover Offer) in respect of 3,011,000 EU Supply Shares (representing approximately 4.2 per cent.
As set out in paragraph 17 of this Announcement, a request will be made to the London Stock Exchange to cancel trading in EU Supply Shares and de-list EU Supply from AIM and re-register it as a private company.