Free Float definition
Free Float means, as of any date of determination, the quotient, expressed as a percentage, obtained by dividing (a) the total number of Free Shares issued and outstanding by (b) the total number of Merger Shares or Spin-Off Shares, as applicable, issued and outstanding as determined by the applicable Issuer’s most recent filings with the SEC.
Free Float means, with respect to the Shares of any Share Type, the number of Shares equal to (i) the total number of Shares of such Share Type then issued and outstanding (as increased in accordance with the last sentence of Rule 13d-3(d)(1)(i) under the Exchange Act to the extent any “Controlling Shareholder” beneficially owns Shares of such Share Type to which such sentence applies) minus (ii) the total number of Shares of such Share Type “beneficially owned” within the meaning of Section 13(d) under the Exchange Act or otherwise held, without duplication, by (a) any officer or director of the Issuer of such Shares or (b) any “person” or “group” that “beneficially owns” (in each case, within the meaning of Section 13(d) of the Exchange Act) more than 10% of the total Shares of such Share Type issued and outstanding, as determined by Calculation Agent by reference to any publicly available information issued by the Issuer of such Shares, any publicly available filings with, or order, decree, notice or other release or publication of, any Governmental Authority and/or any other publicly available information Calculation Agent reasonably deems relevant. For purposes of clause (ii) above, any Long Position relating to Shares held by any “person” or “group” (within the meaning of Section 13(d) of the Exchange Act) shall be deemed to be “beneficial ownership” of the full number of Shares underlying such Long Position; provided that, for the avoidance of doubt, for purposes of clause (ii) above, Shares that are “beneficially owned” by more than one officer, director, “person” or “group” shall be included only once in determining the total number of Shares “beneficially owned” by all officers, directors, “persons” and “groups.”
Examples of Free Float in a sentence
In addition, under Rule 724(1) of the Catalist Rules, if the Free Float Requirement is not complied with, the Company must, as soon as possible, notify its sponsor of that fact and announce that fact and the SGX-ST may suspend trading of all the Shares on the SGX-ST.
However, the site has maintained procedures, measures and internal documentation to ensure the importance of this condition.
Free Float Ratio has been defined by the Capital Markets Board (CMB) as a concept showing free float rate of the stocks traded on Borsa İstanbul equity markets, and is calculated and announced by CRA.
Weighted FFMV (Weighted Free Float Market Value) is calculated by multiplying the Market Value by the Free Float Ratio and the Weighting Factor.
Under Rule 724(1) of the Listing Manual, if the Free Float Requirement is not satisfied, the Company must, as soon as possible, announce that fact and the SGX-ST may suspend trading of all the Shares.
More Definitions of Free Float
Free Float means the aggregate number of shares of Common Stock (including shares of Common Stock underlying ADSs) held by non-Affiliates of the Issuer and eligible for resale (in the case of shares of Common Stock, upon conversion into ADSs) without restriction on the New York Stock Exchange.
Free Float means, as of any date of determination, the number of Common Shares equal to (i) the total number of Common Shares then issued and outstanding minus (ii) the total number of Common Shares “beneficially owned” within the meaning of Rule 13d-3 under the Exchange Act or otherwise held, without duplication, and only to the extent reflected in the total number of Common Shares then issued and outstanding in clause (i), by
Free Float means the aggregate number of Ordinary Shares held by persons who, together with any other person or persons with whom they act in concert, hold Ordinary Shares representing less than 5 per cent. of the total number of issued and outstanding Ordinary Shares or held by collective investment undertakings, mutual funds, investment funds, pension funds or social security funds.
Free Float means all the shares issued by the Company, except for the shares held by the Controlling Shareholder, by persons related thereto, by directors and executive officers of the Company and treasury shares;
Free Float means the number of shares outstanding and available to be traded on a securities exchange.
Free Float in the market shall mean directly or indirectly owned shares of the same class making less than 10% of the authorized capital, or
Free Float means all issued and outstanding Ordinary Shares on the QIPO Effective Date less the aggregate of those Ordinary Shares that, as at the QIPO Effective Date, are held by any person or persons and/or any associate (as defined in Section 988(1) of the Companies Act) of such person or persons holding more than 5 per cent. of such number of Ordinary Shares (other than, in any such case, Ordinary Shares held by any unit trust, investment trust or other collective investment undertaking or entity).