Examples of Manager Class A Shares in a sentence
The Manager ESPcos will purchase Manager Class A Shares from specified holders for consideration equal to the aggregate FMV of the Manager Class A Shares so purchased, in each case as set out in the Manager ESPco Schedule.
In addition, the Manager Class A Shares received by the holders of the Corporation Restricted Shares pursuant to the Corporation Spin-Off Butterfly in exchange for Corporation Restricted Shares will be subject to the Manager Restricted Stock Plan and subject to the same transfer restrictions, vesting, forfeiture and other terms and conditions as were applicable to such Corporation Restricted Shares immediately prior to the Effective Time.
Where the aggregate number of Manager Class A Shares to be issued to a Person as consideration under or as a result of this Arrangement would result in a fraction of a share being issuable, in lieu thereof, the holder will receive a cash payment.
In connection with the Manager Share Exchange described in paragraph 3.1(i)(v), the aggregate amount to be added by the Manager to the stated capital of (X) the Manager Class A Shares will be an amount equal to one half of the FMV of the Butterfly Class A Shares so exchanged and (Y) the Manager Special Limited Voting Shares will be an amount equal to one half of the FMV of the Butterfly Class A Shares so exchanged.
In such a market, any trades with respect to “BAM” and “BAM.A” during the applicable period will have “due bills” attached carrying the right to receive Manager Class A Shares.
Investors should be aware of the following features: • Trades in the Corporation Class A Shares in the “due bill” market under the Corporation’s existing name “Brookfield Asset Management Inc.” and symbols “BAM” and “BAM.A” on the NYSE and TSX, respectively, will include the entitlement to receive Manager Class A Shares at 5:00 PM on December 9, 2022.
Shares listed under the symbols “BAM” (on the NYSE) and “BAM.A” (on the TSX) that trade on the “due-bills” market will trade with an entitlement to receive Manager Class A Shares under the Arrangement, and such shares will settle on a “regular-way” basis.
In addition, pursuant to the Arrangement, holders of class A preference shares, series 8 and series 9 (the “Brookfield Affected Preference Shares”) as of the Record Date received, in exchange for each existing Brookfield Affected Preference Share held, a fraction of a Manager Class A Share and a new class A preference share of Brookfield with terms comparable to the terms of the Brookfield Affected Preference Share held but adjusted to reflect the distribution of Manager Class A Shares.
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The Corporation expects “if, as and when-issued” trades of Manager Class A Shares to settle three (3) business days after completion of the Arrangement.