Examples of Holdco Class A Shares in a sentence
Grupo VM agrees that such Holdco Class A Shares may not be sold, offered for sale, pledged, hypothecated or otherwise disposed of without registration under the Securities Act and any other applicable securities Laws, except pursuant to an exemption from such registration under such Laws.
In no event shall any holder of Nevada Holdco Class A Shares, SVT Shares, SVT Options, SVT Warrants, Fxxxx Common Shares or Fxxxx Class A Shares, be entitled to a fractional security of the Resulting Issuer.
We refer to the acquisition of the FerroAtlántica Shares by Holdco in exchange for Holdco Class A Shares as the “FerroAtlántica Stock Exchange”.
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.
Upon exercise, the Converted Warrants will be contributed to Holdco by the Exchange Agent as contribution in kind for and on behalf of the holders of the Converted Warrants in exchange for the issuance of a corresponding number of Holdco Class A Shares pursuant to this Section 2.4.
Based on the number of Holdco Class A Shares to be issued in the FerroAtlántica Stock Exchange and the number of Holdco Ordinary Shares to be issued in the Globe Merger in respect of the number of fully diluted Globe Shares outstanding on February 23, 2015, determined using the treasury stock method, Grupo VM and the former Globe Shareholders are expected to own approximately 57% and 43%, respectively, of Holdco after the completion of the Business Combination.
Mr Quennell was in attendance and addressed the Committee setting out his objections to the application.
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.
As of the Closing Date but prior to the Stock Exchange, the issued and outstanding two Holdco Class A Shares and 50,000 Preference Shares will have been duly authorized, validly issued and fully paid up.
Prior to the effectiveness of the Registration Statement / Proxy Statement, the Holdco Board shall approve the Management Incentive Success Awards effective as of the Final Closing Date, reserving a number of shares of Holdco Class A Shares for grant equal to the Management Incentive Success Awards effective as of the Final Closing Date.