Examples of IHG Shares in a sentence
All mandates and other instructions to the Company in force at the Record Time (and whether relating to Scheme Shares or given more generally by or on behalf of a holder of Scheme Shares) shall, unless and until revoked or amended, be deemed as from the Scheme Effective Time to be valid and effective mandates and instructions to New IHG in relation to the New IHG Shares issued in respect thereof.
Canadian resident holders of New Ordinary Shares should consult their professional advisers on such matters.All of the directors and officers of New IHG may be located outside Canada and, as a result, it may not be possible for Canadian holders of IHG Shares to effect service of process within Canada upon each of New IHG or such persons.
Alternatively, holders of IHG ADRs who wish to attend the Court Meeting or the EGM in person should take steps to present their IHG ADRs to the ADR Depositary for cancellation and (upon compliance with the terms of the IHG ADR Deposit Agreement, including payment of the ADR Depositary’s fees and any applicable taxes and governmental charges) delivery of IHG Shares so as to become registered holders of IHG Shares prior to the Voting Record Time.
Deferred Compensation Plan will be entitled to vote on the Scheme and will, to the extent that they hold shares in Six Continents at the Scheme Record Time and that the Proposals are implemented, receive cash, IHG Shares and M and B Shares in the same way as any other Six Continents Shareholder.
Six Continents Shareholders who hold Six Continents Shares in PEPs or ISAs are advised that M and B Shares and IHG Shares will be qualifying investments for both PEPs and for the stocks and shares components of ISAs. Therefore, Six Continents Shareholders who hold Six Continents Shares in PEPs will, subject to the terms and conditions of the PEP, be able to hold the IHG Shares and M and B Shares which they receive pursuant to the Scheme and the separation in that PEP.
The issue of the M and B Shares and IHG Shares in Quebec is subject to the approval of the Quebec Securities Commission.
It is expected that Admission of both the M and B Shares and the IHG Shares to the Official List willBack to Contentsbecome effective and that dealings in the M and B Shares and the IHG Shares will commence at 8.00 am on 15 April 2003.M and B Shares and IHG Shares are expected to be credited to Scheme Shareholders who hold their Scheme Shares in a CREST account on 15 April 2003.
The treatment in those jurisdictions for shareholders holding IHG ADRs or M and B ADRs should be the same as for those holding IHG Shares or M and B Shares unless specific attention is drawn to the consequences of acquiring, holding or disposing of ADRs. A general summary of the UK, US, Netherlands and Australian tax consequences of the Proposals is set out below.
All of the directors and officers of New IHG may be located outside Canada and, as a result, it may not be possible for Canadian holders of IHG Shares to effect service of process within Canada upon each of New IHG or such persons.
Exemptive relief from applicable prospectus and registration requirements in respect of the issue of the IHG Shares in Manitoba, Ontario and Nova Scotia has been granted by the appropriate securities commissions.