Mandatory Bid definition

Mandatory Bid means (a) a 50% Threshold Mandatory Bid, and (b) a 50% Ownership and 5 Percentage Point Increase Mandatory Bid.
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Mandatory Bid means a Bid made in terms of Listing Rule 11.8.
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Mandatory Bid means a Bid made in terms of Capital Markets Rule 11.8.
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Examples of Mandatory Bid in a sentence

  • If the Share Purchase is completed and CMB becomes obliged to launch the Mandatory Bid, full details thereof will be included in the prospectus to be filed with the Belgian Financial Services and Markets Authority.

  • CMB is being assisted in respect of the Mandatory Bid by Crédit Agricole Corporate and Investment Bank, KBC Securities NV and Sociéte Générale as financial advisors, and by Argo Law and Reed Smith LLP as legal advisors.

  • In the event that the Share Purchase is not completed and the Mandatory Bid is not triggered, CMB will issue a further press release to that effect.

  • The definitions of "Amortization Date", "Mandatory Bid Payment Date", "Term Credit", "Term Credit Commitment", "Term Credit Commitment Amount", "Term Loan", "Term Notes" and "Total Commitment Amount" are hereby deleted from the Credit Agreement.

  • The weighted average trading price of the Ordinary Shares on the NYSE for the 30 calendar days before October 9, 2023, was $16.25 per share.While CMB initially announced that the per Share offer price in the Mandatory Bid would be $18.43, as a result of the dividend of $0.57 per Share paid by Euronav on December 20, 2023, to holders of record of Ordinary Shares on December 13, 2023, the Offer Price has been reduced to $17.86 per Share in cash.

  • The Board of Directors of the Company shall recommend, subject to the provisions of Section 6.1(c), that holders of B Shares accept the Mandatory Bid and tender their B Shares in the Mandatory Bid.

  • Mandatory Bid RequirementNorwegian law requires any party that acquires morethan one-third of the voting rights of a Norwegiancompany listed on a Norwegian regulated market, such as the Oslo Stock Exchange(“OSE”), to make, within four weeks of such acquisition,an unconditional general offer to acquire the remaining shares in that company.

  • Mandatory Bid Under certain circumstances, a person who acquires shares or other voting rights in Medtronic may be required under the Irish Takeover Rules to make a mandatory cash offer for the remaining outstanding shares in Medtronic at a price not less than the highest price paid for the shares by the acquirer (or any parties acting in concert with the acquirer) during the previous 12 months.

  • The highest per share price that CMB paid for Ordinary Shares during the 12 months before the announcement of the Mandatory Bid on October 9, 2023, was $20.49 in certain open market purchases executed on December 5, 2022.


More Definitions of Mandatory Bid

Mandatory Bid means (a) a 30% Threshold Mandatory Bid, (b) a 30% Ownership and 2 Percentage Point Increase Mandatory Bid, and (c) a 50% Ownership and 5 Percentage Point Increase Mandatory Bid.
Sample 1
Mandatory Bid has the meaning ascribed to such term in the Offer to Purchase (as delivered to each Noteholder).
Sample 1
Mandatory Bid means the offer that shall be announced after the acquisition of the control of a public company has been achieved, according to Article 28 of this Law.
Sample 1

Related to Mandatory Bid

  • Mandatory Borrowing shall have the meaning provided in Section 2.1(d).

  • Buy Bid means a bid to buy Capacity Resources in any Incremental Auction.

  • Solicited Discounted Prepayment Notice means an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offers made pursuant to Section 2.11(a)(ii)(D) substantially in the form of Exhibit M.

  • BA Discount Rate means:

  • Discount Range Prepayment Notice means a written notice of a Borrower Solicitation of Discount Range Prepayment Offers made pursuant to Section 2.05(a)(v)(C) substantially in the form of Exhibit M-4.

  • Solicited Discounted Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Borrower Solicitation of Discount Range Prepayment Offers means the solicitation by the Borrower of offers for, and the corresponding acceptance by a Term Lender of, a voluntary prepayment of Term Loans at a specified range at a discount to par pursuant to Section 2.09(a)(ii)(C).

  • Solicited Discounted Prepayment Offer means the irrevocable written offer by each Term Lender, substantially in the form of Exhibit O, submitted following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.

  • Specified Discount Prepayment Notice means an irrevocable written notice of a Borrower Offer of Specified Discount Prepayment made pursuant to Section 2.11(a)(ii)(B) substantially in the form of Exhibit I.

  • Solicited Discount Proration has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Base Bid means a Bid for Public Works to be performed or Supplies or Services to be furnished under a City Contract, including additives, alternates, deductives, excluding force accounts, and taxes collected separately pursuant to Washington Administrative Code (“WAC”) 458-20-171.

  • Borrower Solicitation of Discounted Prepayment Offers means the solicitation by any Company Party of offers for, and the subsequent acceptance, if any, by a Lender of, a voluntary prepayment of Term Loans at a discount to par pursuant to Section 2.05(a)(v)(D).

  • Competitive Bid means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04.

  • Discounted Voluntary Prepayment Notice has the meaning specified in Section 2.05(d)(v).

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Alternative Bid means a response to a bid that does not meet the exact requirements of the specification but offers an alternative for consideration. An alternative bid is submitted with an intentional variation to a provision, specification, term or condition of the solicitation. This alternative, in the opinion of the bidder, achieves the same end result. Alternative bids may be rejected as non-responsive.

  • Mandatory Tender Notice means, in connection with the Mandatory Tender of VRDP Shares, a notice delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider specifying a Mandatory Tender Event and Purchase Date.

  • Mandatory Prepayment is defined in Section 2.4(a).

  • Specified Discount Proration has the meaning set forth in Section 2.05(a)(v)(B)(3).

  • BC Bid means the BC Bid website located at www.bcbid.ca;

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Mandatory Prepayment Date as defined in Section 2.12(e).

  • Specified Discount Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Special Notice Currency means at any time an Alternative Currency, other than the currency of a country that is a member of the Organization for Economic Cooperation and Development at such time located in North America or Europe.

  • Discount Range Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Discount Range Prepayment Offer means the irrevocable written offer by a Term Lender, substantially in the form of Exhibit L, submitted in response to an invitation to submit offers following the Auction Agent’s receipt of a Discount Range Prepayment Notice.