Full Cash Alternative definition

Full Cash Alternative means the alternative whereby eligible Cambian Shareholders may elect, subject to having submitted a valid Form of Election, to receive cash instead of the cash and the New CareTech Shares to which they would otherwise be entitled to receive under the Scheme in accordance with the Headline Offer, as described in, and subject to the terms of paragraph 6 of this Announcement
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Examples of Full Cash Alternative in a sentence

  • In particular, the ability of persons who are not resident in the United Kingdom or who are subject to the laws of another jurisdiction to vote their Cambian Shares in respect of the Scheme at the Court Meeting, to elect for the Full Cash Alternative, or to execute and deliver Forms of Proxy appointing another to vote at the Court Meeting on their behalf, may be affected by the laws of the relevant jurisdictions in which they are located or to which they are subject.

  • The availability of the Transaction and the New CareTech Shares under the Transaction to Cambian Shareholders who are not resident in the United Kingdom, and the availability of the Full Cash Alternative to such shareholders, may be affected by the laws of the relevant jurisdictions in which they are resident.

  • In connection with the financing of the cash consideration payable under the terms of the Transaction (including the cash consideration payable in respect of the Full Cash Alternative) and the refinancing of its existing banking facilities, CareTech has entered into new banking facilities with Lloyds Bank plc and National Westminster Bank Plc as mandated lead arrangers and with Lloyds Bank plc and NatWest Markets plc as bookrunners and underwriters.

  • Each Cambian Shareholder will need to determine whether they should accept the Headline Offer or elect for the Full Cash Alternative depending on their own personal circumstances.

  • The Full Cash Alternative is conditional upon the Scheme becoming Effective.

  • Elections under the Full Cash Alternative will not affect the entitlements of those Cambian Shareholders who do not make such elections.

  • The Transaction will be implemented solely pursuant to the Scheme Document to be distributed to Cambian Shareholders, which, together with the Forms of Proxy and the Form of Election will contain the full terms and conditions of the Transaction including details of how to vote in respect of the Transaction and how to make an election under the Full Cash Alternative.

  • Under the terms of the Transaction, Cambian Shareholders will be entitled to receive the consideration pursuant to the Headline Offer or elect to receive the Full Cash Alternative in respect of any or all of their Cambian Shares.

  • Under the terms of the Transaction, which will be on the terms and subject to the Conditions set out below and in Appendix 1 to this Announcement, and to be set out in the Scheme Document, Forms of Proxy and Form of Election, Cambian Shareholders will be entitled to receive the consideration pursuant to the Headline Offer or elect to receive the Full Cash Alternative in respect of any or all of their Cambian Shares.

  • Cambian Shareholders may elect to receive the Full Cash Alternative in respect of any or all of their Cambian Shares.