In Specie Distribution definition
In Specie Distribution means the distribution of an asset in its actual form, rather than first being transferred into cash or another form (for example, a share distributed “in specie” would be transferred to you rather than sold and the cash proceeds paid to you);
In Specie Distribution means the in-specie distribution of 50M TNT Shares held by Minemakers to Eligible Shareholders to be distributed in the ratio that 50 million TNT Shares bears to the total number of ordinary shares in the Company on issue at the Record Date;
In Specie Distribution means a return of capital to the Eligible Shareholders by way of an in specie distribution of approximately 14,862,911 Jab Resources Shares.
Examples of In Specie Distribution in a sentence
In Specie Distribution on Liquidation Subject to the terms of issue of any Shares, if the Company is liquidated any assets remaining after payment of the debts and liabilities of the Company, and the costs of liquidation, must be distributed among each Shareholder in proportion to the total amount paid up on all their Shares.