GCP Shares definition
Examples of GCP Shares in a sentence
The GCP Shares will be acquired pursuant to the Acquisition fully paid and free from all liens, charges, equities, encumbrances, rights of pre-emption and any other interests of any nature whatsoever and together with all rights attaching thereto, including without limitation voting rights and the right to receive and retain in full all dividends and other distributions (if any) announced, declared, made or paid with a record date on or after the Scheme Record Time.
The Scape Parties hold interests in GCP Shares as noted above which together comprise less than 1 per cent.
It is expected that the last day of dealings in GCP Shares on the Main Market of the London Stock Exchange is expected to be the date of the Sanction Hearing and no transfers will be registered after 6.00 p.m. (London time) on that date.
Upon the Scheme becoming Effective: (i) it will be binding on all Scheme Shareholders, irrespective of whether or not they attended or voted at the Court Meeting or the GCP General Meeting (and if they attended and voted, whether or not they voted in favour); and (ii) share certificates in respect of GCP Shares will cease to be valid and entitlements to GCP Shares held within the CREST system will be cancelled.
The Special Resolutions to be proposed at the GCP General Meeting will, amongst other matters, provide that the Articles be amended to incorporate provisions requiring any GCP Shares issued after the Scheme Record Time (other than to Bidco and/or their nominees) to be automatically transferred to Bidco on the same terms as the Acquisition (other than terms as to timings and formalities).
Further, if sufficient acceptances of such offer are received and/or sufficient GCP Shares are otherwise acquired, it is the intention of Bidco to apply the provisions of the 2006 Act to acquire compulsorily any outstanding GCP Shares to which such offer relates.
None of Grace, GCP or the Agent will be required to guarantee any minimum sale price for the fractional GCP Shares sold in accordance with this Section 3.4(c).
GCP shall prepare and file, and shall use its reasonable best efforts to have approved, an application for the listing of the GCP Shares to be distributed in the Distribution on the NYSE, subject to official notice of distribution.
It is intended that the London Stock Exchange and the FCA will be requested respectively to cancel trading in GCP Shares on the London Stock Exchange’s market for listed securities and the listing of the GCP Shares from the Official List on or shortly after the Effective Date.
Any GCP Shares issued before the Scheme Record Time will be subject to the terms of the Scheme.