Minimum Free Float definition

Minimum Free Float means at least ten per cent (10%) of the total number of issued Shares of the Company (excluding Treasury Shares, preference shares and convertible equity securities) in a class that is listed is at all times held by the public;
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Minimum Free Float means the Outstanding Shares which the Company is required to maintain in order to list on the Novo Mercado, which shall be maintained during all the period in which its securities are listed to trade on Novo Mercado, which shall totalize at least twenty-five percent (25%) of the total capital stock of the Company.
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Minimum Free Float means the Outstanding Shares which the Company is required to maintain in order to list on the Corporate Governance Level 1, which shall be maintained during all the period in which its securities are listed to trade on Corporate Governance Level 1, which shall totalize at least twenty-five percent (25%) of the total capital stock of the Company.
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Examples of Minimum Free Float in a sentence

  • After a transaction of Disposal of Corporate Control and the subsequent performance of the tender offer referred in subsection 8.1, the Acquirer shall take all the necessary actions to reestablish the Minimum Free Float, if necessary, within the six (6) month period after the acquisition of the Corporate Control.

  • In occurring a stock capital increase that has not been fully subscribed by the ones having the right of first refusal or has not received the adherence of a minimum number of interested parties in a public offering, the partial or total subscription of such stock capital increase by the Controlling Shareholder will require him to take the necessary actions to reestablish the Minimum Free Float within the six(6) month period following the confirmation of the subscription in the stock capital increase.

  • In occurring a stock capital increase that has not been fully subscribed by the ones having the right of first refusal or has not received the adherence of a minimum number of interested parties in a public offering, the partial or total subscription of such stock capital increase by the Controlling Shareholder will require him to take the necessary actions to reestablish the Minimum Free Float within the six (6) month period following the confirmation of the subscription in the stock capital increase.

  • If any capital increase is not fully subscribed for by those who hold a preemptive right or if not enough people are interested in the public offering and the Controlling Shareholder subscribes for all or part of the capital increase, the latter must take the steps necessary to restore the Minimum Free Float within 6 (six) months after the subscription is ratified, when applicable.

  • Upon Disposal of Company’s Control, the Buyer — to the extent applicable — shall take the actions necessary to restore the Minimum Free Float within six (6) months after the acquisition of Control.

  • The Chief Executive Officer of BM&FBOVESPA, upon a formal justified request of the Company, may grant a certain period for the conformation to the Minimum Free Float, provided that such power is also applicable in relation to the periods set forth in items 7.3 and 8.5, and in other exceptional circumstances.

  • Upon Disposal of the Company’s Control, the Buyer - to the extent applicable - must take the steps necessary to restore the Minimum Free Float within 6 (six) months after acquiring Control.

  • JBS S.A. controlling shareholders (through LuxCo) may, during the Class A Conversion Period, request the conversion of all or a portion of the Class A Shares held by LuxCo into Class B Shares, whereby the Conversion Threshold and the Minimum Free Float do not apply.

  • If any capital increase has not been fully subscribed for by whoever held the corresponding preemptive right, or if there has been no sufficient number of persons interested in the respective public distribution, then full or partial subscription of such capital increase by the Controlling Shareholder shall cause it to take the actions necessary to restore the Minimum Free Float within six (6) months after the subscription is ratified.

  • The Conversion Threshold and Minimum Free Float are designed to keep a minimum number of outstanding Class A Shares in order to improve the liquidity of the Class A Shares that shall be traded on the NYSE.


More Definitions of Minimum Free Float

Minimum Free Float means the Minimum Free Float required for the Company admission into Novo Mercado, at a percentage to be maintained throughout the period in which the securities issued thereby are listed for trading on Novo Mercado, representing at least twenty-five percent (25%) of the Company’s total capital stock.
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Minimum Free Float means the Minimum Free float that the Company shall maintain throughout the period in which it is classified under corporate governance standards, representing at least twenty-five percent (25%) of the Company's total capital stock.
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Minimum Free Float means the Outstanding Shares which the Company is required to maintain in order to list on the Corporate Governance Level 2, which shall observe item3.5 and be maintained during all the period in which its securities are listed to trade onCorporate Governance Level 2.
Sample 1

Related to Minimum Free Float

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 5.0%.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $10,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Minimum Acceptable Price with respect to any Put Notice Date shall mean seventy-five percent (75%) of the lowest closing bid prices for the ten (10) Trading Day period immediately preceding such Put Notice Date.

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Minimum Purchase Amount means an amount that would be sufficient to (i) reduce the Outstanding Amount of each class of Notes on such Distribution Date to zero and (ii) pay to the respective Noteholders the Class A Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Interest Distribution Amount payable on such Distribution Date.