Examples of Holdco Class A Shares in a sentence
Based on the number of Holdco Class A Shares to be issued in the FerroAtlántica Stock Exchange and the number of fully diluted Globe Shares outstanding on February 23, 2015, determined using the treasury stock method, Globe estimates that Grupo VM and the former Globe Shareholders will own approximately 57% and 43%, respectively, of Holdco after completion of the Business Combination.
Structure of the Business Combination (Page 96)The proposed business combination will be effected in two principal transaction steps.• First, Holdco will acquire from Grupo VM all of the FerroAtlántica Shares in exchange for 98,078,161 Holdco Class A Shares, after which FerroAtlántica will be a wholly owned subsidiary of Holdco.
Based on the number of Holdco Class A Shares to be issued in the FerroAtlántica Stock Exchange and the number of fully diluted Globe Shares outstanding on the date of the Business Combination Agreement, determined using the treasury stock method, Grupo VM and former Globe Shareholders are expected to own approximately 57% and 43%, respectively, of Holdco.
We refer to the acquisition of the FerroAtlántica Shares by Holdco in exchange for Holdco Class A Shares as the “FerroAtlántica Stock Exchange”.
Why are Globe Shareholders receiving Holdco Ordinary Shares and not Holdco Class A Shares?A: The Holdco Ordinary Shares and the Holdco Class A Shares have the same rights, powers and preferences, and vote together as a single class, except for the right of the holders of Holdco Ordinary Shares to receive the net proceeds, if any, of a representations and warranties insurance policy to be purchased by Holdco in connection with the Business Combination.
Q: What will Grupo VM receive in the Business Combination?A: At the completion of the FerroAtlántica Stock Exchange that is part of the Business Combination, subject to the terms and conditions of the Business Combination Agreement, Holdco will acquire all of the FerroAtlántica Shares in exchange for 98,078,161 newly issued Holdco Class A Shares, after which FerroAtlántica will be a wholly owned subsidiary of Holdco.
On the Effective Date, (i) the Settlement Facility Trustee shall be appointed and shall execute the Settlement Facility Agreement as authorized by the Confirmation Order, (ii) the New Holdco Class A Shares shall be issued to the Settlement Facility, (iii) Truck shall make the Truck Structured Settlement Contribution due on the Effective Date to the Settlement Facility and (iv) if applicable, the other Settlement Facility Contributions shall be made.
The State also convenes the Balance of State Continuum of Care every other month, which includes the Chairperson of each County chapter of the CoC and a county government representative.
Includes 3,063,422 of Holdco Class A Shares acquired by the Sponsor in connection with the Business Combination which, in addition to any New Shares (as defined in the Sponsor Letter Agreement) issued with respect to such Holdco Shares, Sponsor has agreed to subject to certain time and performance vesting provisions.
Holders of Holdco Class A Shares are not entitled to participate in this distribution.