GW Common Shares definition
Examples of GW Common Shares in a sentence
The GW Common Shares are not listed on a national securities exchange or authorized to be quoted in an inter-dealer quotation system of a registered national securities association, in either case within the meaning of Rule 13e-3 under the 1934 Act.
There are no outstanding contractual obligations of GW to repurchase, redeem or otherwise acquire any outstanding GW Common Shares or with respect to the voting or disposition of any outstanding GW Common Shares.
GW is authorized to issue an unlimited number of GW Common Shares and an unlimited number of preferred shares.
All outstanding GW Common Shares have been authorized and are validly issued and outstanding as fully paid and non-assessable shares, free of pre-emptive rights.
The only stock exchange on which the GW Common Shares are listed is the TSX.
The maximum amount of Cash Consideration to be paid to holders of GW Common Shares is an amount determined by multiplying $2.08 by the number of GW Common Shares (excluding GW Common Shares held by FN and its affiliates immediately prior to the Effective Time) that are issued and outstanding on the Effective Date (the “Maximum Cash”).
Subject to the requirements and limitations in the Tax Act, an Eligible Holder who transfers GW Common Shares to FN pursuant to the Arrangement and receives any FN Common Shares as consideration may make a joint income tax election with FN, pursuant to section 85 of the Tax Act (and any analogous provision of provincial income tax law) (a “Section 85 Election”) with respect to the transfer.
An aggregate of 62,367,748 GW Common Shares are reserved for issue upon the exercise of the GW Warrants.
There are 163,846,342 GW Common Shares outstanding, nil preferred shares outstanding and an aggregate of 4,923,500 GW Common Shares are reserved for issue upon the exercise of the GW Options.
Details as to the GW Common Shares, GW Options and GW Warrants are set out in Appendix I to this Schedule “D”.