Internal Reorganisation definition

Internal Reorganisation means where immediately after a change of Control of the Company, all or substantially all of the share capital of the acquiring company is owned directly or indirectly by the persons who were shareholders in the Company immediately before the change of Control;

Internal Reorganisation means any compromise, arrangement or offer (including any Specified Event) which, in the reasonable opinion of the Board, having regard to the shareholdings in the Company and any acquiring company before and after the compromise, arrangement or offer and/or the consideration given for the acquisition of the Shares and/or any other matter which it considers relevant, is in the nature of an internal reorganisation or reconstruction of the Company;

Internal Reorganisation means any compromise, arrangement or offer (including any Specified Event) after which, in the reasonable opinion of the Board, Control of the Company remains substantially in the hands of the same person(s) as beforehand;

Examples of Internal Reorganisation in a sentence

• In the event of an Internal Reorganisation, unless the Committee otherwise determines, an existing Award shall not Vest in accordance with this Rule 6 but with the agreement of the Acquiring Company shall be automatically released in consideration for the grant of a new Award in accordance with Rule 7.

• Prior to the Internal Reorganisation, PGH was a direct wholly-owned subsidiary of Parkway Holdings Limited (“PHL”) which in turn is a direct wholly-owned subsidiary of PPL.

• To the extent that there is an Internal Reorganisation, a Vested Nil-Cost Option will be exchanged on the terms set out in rule 12.8.

• Upon completion of the Internal Reorganisation, PGH has become a 70% direct owned subsidiary of PPL while the remaining 30% is held by PHL.

• The Intended Gross Proceeds shall be utilised to further capitalise RHB Bank and to finance the working capital requirements of RHB Bank Group, only if the Proposed Internal Reorganisation is implemented (“Capital Injection”).

More Definitions of Internal Reorganisation

Internal Reorganisation means a reorganisation of the structure of the Company and its Subsidiaries (or all or substantially all of the business, assets and undertakings of the Company and its Subsidiaries), such that the ultimate beneficial ownership of the Company and its Subsidiaries (or all or substantially all of the business, assets and undertakings of the Company and its Subsidiaries) does not change;

Internal Reorganisation means an event contemplated by sub-rule (1) or (3) of Rule 6, the result of which is that the Bank will be under the Control of another company or the business of the Bank is carried on by another company and the persons who owned stock in the Bank immediately before the change of Control will immediately afterwards own more than 75% of the shares in that other company;

Internal Reorganisation any compromise, arrangement or offer which, in the reasonable opinion of the Board, having regard to the shareholdings in the Company and any acquiring company before and after the compromise, arrangement or offer and/or the consideration given for the acquisition of the JSOP Shares and/or any other matter which it considers relevant, is in the nature of an internal reorganisation or reconstruction of the Company;

Internal Reorganisation means any event, scheme or arrangement whereby an Acquiring Company obtains Control of the Company and immediately afterwards all or substantially all of the issued equity share capital of the Acquiring Company is owned directly or indirectly by persons who had Control of the Company immediately prior to such event, scheme or arrangement;

Internal Reorganisation means any event, offer, scheme, share purchase, merger or arrangement whereby:

Internal Reorganisation means any transaction(s) which result in a change of Control of the Company but where immediately after such change of Control all or substantially all of the shares in the Acquiring Company are held by persons who were shareholders in the Company immediately prior to the change of Control of the Company;

Internal Reorganisation has the meaning ascribed to i t in the section headed “ Internal Reorganisation”