Khumo Gold SPV definition

Khumo Gold SPV means Khumo Gold SPV (Proprietary) Limited, registration number 2005/029595/07, a limited liability private company duly incorporated in the Republic of South Africa;
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Khumo Gold SPV. Khumo Gold SPV (Proprietary) Limited, registration number: 2005/029595/07, a limited liability private company duly incorporated in the Republic of South Africa; “the DRDGOLD – Khumo Gold SPV Pref Share Subscription Agreement” the subscription agreement between DRDGOLD and Khumo Gold SPV in terms of which DRDGOLD shall subscribe for 31,811 (thirty one thousand eight hundred and eleven) cumulative participating compulsorily redeemable Class A reference shares in the capital of Khumo Gold SPV;
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Khumo Gold SPV. Khumo Gold SPV (Proprietary) Limited, registration number: 2005/029595/07, a limited liability private company duly incorporated in the Republic of South Africa;
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Examples of Khumo Gold SPV in a sentence

  • The term of a Senator shall be extended one time, if necessary, to permit him or her to initiate or complete his or her service as an officer.

  • If, before the completion of the allotment and issue of the Subscription Shares Khumo Gold SPV commits a breach of its obligations to the Company under this Agreement, and if the breach in question is not remedied before the expiry of a period of 48 (forty eight) hours after the Company has given notice to Khumo Gold SPV to remedy same, the Company shall be entitled to cancel this Agreement on written notice to Khumo Gold SPV.

  • Khumo Gold SPV hereby, but with effect from the Closing Date, subscribes for the Class A Pref Share at the Subscription Price.

  • The net gain/(loss) on financial liabilities measured at amortised cost in the statement of comprehensive income comprises the expected cash flows of the preference shares issued to Khumo Gold SPV (Pty) Ltd and the DRDSA Empowerment Trust.

  • Dividend tax is levied at 15% (2014: 15%) (certain exemptions apply) and will be withheld from the dividend depending on the classification of the beneficial owner of the relevant share.17.2 NON CONTROLLING INTEREST (“NCI”)All the suspensive conditions for DRDGOLD’s acquisition of the 20% and 6% interest in the issued share capital of EMO held by Khumo Gold SPV Proprietary Limited and the DRDSA Empowerment Trust respectively, EMO’s broad based empowerment shareholders, were fulfilled on 26 March 2015.

  • The operation of this Agreement, save for the provisions of clause 1, this clause 3, and clauses 6 to 10 which will become effective immediately, shall be subject to the condition that, by no later than 25 November 2005, the DRDGOLD / Khumo Gold SPV Pref Shares Subscription Agreement is entered into, and that DRDGOLD has paid the subscription price owing under that agreement.

  • Khumo Gold SPV has been made an offer by DRDSA on the terms contained in the DRDSA Subscription Agreement to subscribe for 150,0000 (one hundred and fifty thousand) ordinary shares in the share capital of DRDSA, constituting 15% (fifteen percent) of the entire issued share capital of DRDSA for an aggregate subscription price of R13,220,000.00 (thirteen million two hundred and twenty thousand rands).

  • The operation of this Agreement, save for the provisions of clause1 and 3, and clauses 6 to 10 which will become effective immediately, shall be subject to the condition that, by no later than 25 November 2005, the DRDGOLD / Khumo Gold SPV Pref Shares Subscription Agreement is entered into, and that XXXXXXX has paid the subscription price owing under that agreement.

  • Should either this Agreement or the Khumo Gold SPV Pref Share Subscription Agreement be terminated for any reason whatsoever, the other of them shall terminate simultaneously.

  • Black economic empowerment partner Khumo Gold SPV (Pty) Limited (Khumo Gold) holds 20 percent of the issued shares in the Issuer and the DRDSA Empowerment Trust holds the remaining 6 percent.


More Definitions of Khumo Gold SPV

Khumo Gold SPV means Khumo Gold SPV (Pty) Ltd, Registration Number 2005/029595/07;
Sample 1

Related to Khumo Gold SPV

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