Existing Preference Shares definition
Examples of Existing Preference Shares in a sentence
The Issuer may, at any time and from time to time prior to the applicable Redemption Date, without the consent of holders of the Preference Shares, create, allot and issue further Preference Shares (the "Further Preference Shares") having the same terms and conditions as the Preference Shares (the "Existing Preference Shares").
On their issue the Further Preference Shares shall be consolidated with and form a single Class with the Existing Preference Shares of that Class.
Any Further Preference Shares shall have an issue price equal to the Net Asset Value per Share of the Existing Preference Shares as of the day falling two Currency Business Days prior to the date of issue of the relevant Further Preference Shares plus, if specified by the Directors to be payable, the applicable Further Issue Charge.
The first scenario assumes that the Amendments are approved (Amended RES case) and the second scenario assumes that the Amendments are not approved and the Existing RES are Exchanged into Existing Preference Shares (Existing Preference Shares case).
Motion: (Mr. Taylor / Ms. Douglas) DW Emergency Management, line item 510, Supplies.