Examples of Jersey Companies Law in a sentence
It is intended that the Merger will be implemented by way of a court-sanctioned scheme of arrangement between Randgold and the Scheme Shareholders, under Article 125 of the Jersey Companies Law.
The redemption, purchase or cancellation by a Jersey company of its shares under Part 11 of the Jersey Companies Law is not, for the purposes of Part 12 of the Jersey Companies Law, a reduction of capital.
The Jersey Companies Law provides that the Company may hold as treasury shares any of the limited shares that it has redeemed or purchased under the Jersey Companies Law, to the extent that it is not prohibited by the Memorandum or Articles and it is authorised by a resolution of the Company to hold shares as treasury shares.
The board of directors of Bidco and the ADVANZ PHARMA Independent Directors are pleased to announce that they have reached agreement on the terms of a recommended cash offer, to be made by Bidco, pursuant to which Bidco will acquire the entire issued and to be issued limited voting share capital of ADVANZ PHARMA.It is intended that the Acquisition will be effected by means of a members’ scheme of arrangement under Articles 125 of the Jersey Companies Law.
The Class A Shares and Class B Shares will then, in accordance with the Articles, automatically be converted into Class C Shares of no par value which carry no economic rights and, save to the extent required under the Jersey Companies Law, no voting rights.
It is also intended that, following the Scheme becoming effective, Randgold will be re-registered as a private company under the relevant provisions of the Jersey Companies Law.
However, it did not have a procedure to list comments received and track whether the comments were considered for use classifications in the triennial review of water quality standards.
A general meeting shall also be convened by the Board on the requisition of members not later than two months after the receipt of the requisition pursuant to the provisions of Jersey Companies Law or, in default, may be convened by such requisitions, as provided by the Statutes.
There is no specific restriction under the Jersey Companies Law on the provision of financial assistance by the Company to another person for the purchase of, or subscription for, its own or its holding company’s shares.
The Articles provide substantially similar provisions in relation to alteration of share capital as those set out in the Jersey Companies Law.