Examples of IHG Shares in a sentence
IHG Holdings currently holds approximately 65.26% (sixty-five point two six percent) of the IHG Shares and intends, subject to the fulfilment or waiver of certain conditions precedent, to acquire, pursuant to the Offer, the remaining 34.74% (thirty four point seven four percent) (approximately 819 675 IHG Shares) of the IHG Shares (“Scheme Shares”).
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.
If the Scheme becomes unconditional, subject to the required IHG Holdings ordinary and special resolutions being approved (“ IHG Holdings Requisite Resolutions”) by the requisite majority of the IHG Holdings shareholders (“IHG Holdings Shareholders”), the offer consideration offered by IHG Holdings to the IHG Shareholders for their IHG Shares in terms of the Offer (“Offer Consideration”), shall be as set out in paragraph 2.2.2 below.
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.
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.
Shareholders of IHG are hereby advised that IHG Holdings has, pursuant to an implementation agreement which has become of force and effect between IHG and IHG Holdings (“ Implementation Agreement”), delivered notice to IHG of its firm intention to make an offer (“Offer”) to acquire all the issued ordinary shares of IHG (“IHG Shares”) from the holders of IHG Shares other than IHG Holdings itself (“IHG Shareholders”).
To give effect to any sale of New IHG Shares following the Scheme Effective Time pursuant to Article 11A(C) above, the nominee referred to in such Article shall be authorised as attorney on behalf of the holder concerned to execute and deliver as transferor an instrument or instruction of transfer and to give such instructions and do all other things which he may consider necessary or expedient in connection with the sale.
IHG Holdings is the controlling shareholder of IHG which currently owns 1 540 000 IHG Shares, representing approximately 65.26% of the total issued Shares in IHG.
There was no change to the number of IHG Shares in issue as a result of the Proposed Transaction.
Acquisition of the Target Shares Pursuant to the terms and conditions of the Sale and Purchase Agreement: (i) Asarmona and Mastonia would acquire 94% and 6% of the IHG Shares, respectively; and (ii) Asarmona would acquire all the IHF Shares.