MTN Shares definition

MTN Shares means ordinary shares with a par value of R0.0001 each in the issued share capital of MTN;
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MTN Shares means either the Class B ordinary shares of the Company held by MTN or the ordinary shares redesignated from such Class B ordinary shares of the Company held by MTN immediately prior the IPO, as the context may require.
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MTN Shares means the ordinary shares with a par value of R0.0001 each in the issued share capital of MTN. For the avoidance of doubt, references to the MTN Shares include references – changed as necessary – to any class of shares into which such shares may be converted (whether pursuant to the Companies Act or otherwise) and to such shares as they may be consolidated and sub-divided from time to time;
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Examples of MTN Shares in a sentence

  • Such share certificates shall only be released, if necessary, for the purposes of implementing any transfer permitted in terms of this Agreement and/or required under the BEE Transaction Documents on the basis that once such transfer is implemented, all share certificates in respect of the remaining MTN Shares after such transfer are retained and held by MTN (or its relevant nominees or agents).

  • As MTN Zakhele Futhi’s only material investment and asset consists of MTN Shares this has a direct impact on the company’s liquidity and its ability to pay scheduled payments owing to the third-party funders and operational costs as they become due and payable.

  • Any balance of such dividend income earned on the MTN Shares held by MTNZF will generally then be used next to offer to pay or provide for settlement of the third-party funding and/or be used to acquire additional MTN Shares and correspondingly reduce the Notional Vendor Finance.

  • Any balance of such dividend income earned on the MTN Shares held by MTNZF will generally then be used next to further offer to pay or provide for settlement of the third-party funding and/or be used to acquire additional MTN Shares and correspondingly reduce the Notional Vendor Finance.

  • This entitles the relevant subsidiary to a tax deduction (totalling R107 million across all subsidiaries), calculated as 28% of 3 million MTN Shares multiplied by the closing spot Share Price of R127.81 at the Last Practicable Date for the Circular in respect of the payment, to be received over the service period.

  • In the latter instance, the additional shares will be issued by MTN at the same reference market price for a MTN Share as was used in calculating the amount by which the NVF Balance was decreased (i.e. the then 20-day VWAP of the MTN Shares).

  • MTNZF holds approximately 77 million MTN Shares, amounting to approximately 4% of MTN’s issued share capital.

  • Option 2 • A number of MTN Shares equal to their proportionate interest in MTN Zakhele's Net Assets (net of STT).

  • The relevant MTN subsidiary company will pay MTN for the MTN Shares issued to the Eligible ESOP Employees.

  • For the purposes of the calculation, it is assumed that all of the MTN Shares are granted at inception of the 2016 ESOP and that no Eligible ESOP Employees will leave the 2016 ESOP between the grant date and the respective vesting dates.


More Definitions of MTN Shares

MTN Shares means ordinary shares with a par value of R0.0001 each in the issued share capital of MTN. For the avoidance of doubt, references to the MTN Shares include references – changed as necessary – to any class of shares into which such shares may be converted (whether pursuant to the Companies Act or otherwise) and to such shares as they may be consolidated and sub-divided from time to time;
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MTN Shares ordinary shares with a par value of R0.0001 each in the issued share capital of MTN;
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MTN Shares has the meaning given to that term in clause 15.5.3.2;
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MTN Shares has the meaning given to that term in clause 15.5.2; the eleventheight anniversary of such date;‌‌
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Related to MTN Shares

  • Common Shares means the common shares in the capital of the Company;

  • ASA Shares has the meaning set forth in 2.4(a).

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Relevant Shares means ordinary share capital of the Approved Entity that constitutes equity share capital or the equivalent (or depositary or other receipts representing the same) which is listed and admitted to trading on a Regulated Market.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Subscriber Shares means the Shares which the subscribers to the Instrument of the ICAV agree to subscribe for as more particularly hereinafter set forth after their names.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Amalco Shares means common shares in the capital of Amalco;

  • Purchased Shares has the meaning set forth in Section 2.01.

  • H Shares means the overseas-listed foreign invested shares in the share capital of the Company with a nominal value of RMB1.00 each, which are subscribed for and traded in Hong Kong Dollars;

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Subco Shares means the common shares in the capital of Subco;

  • Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.

  • Acquisition Shares means the shares of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Acquired Shares has the meaning set forth in the Recitals.

  • Sold Shares shall have the meaning specified in Section 6.

  • Placing Shares means the 32,313,130 Shares to be issued by the Company pursuant to the Placing;

  • Exchange Shares has the meaning set forth in Section 2.01(b).

  • Consideration Shares has the meaning ascribed thereto in Section 2.2.

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Newco Shares means common shares in the capital of Newco;

  • Sale Shares means [Insert total number of shares of the Company] Shares, representing 100 percent of the total issued, subscribed and fully paid-up equity share capital of the Company held by the Shares Seller and Nominees as more particularly described in Annexure A attached hereto;

  • New Shares means ordinary or common shares, whether of the entity or person (other than the Share Issuer) involved in the Merger Event or a third party, that are, or that as of the Merger Date are promptly scheduled to be, (i) publicly quoted, traded or listed on an exchange or quotation system located in the same country as the Exchange (or, where the Exchange is within the European Union, in any member of state of the European Union) or on another exchange acceptable to the Issuer and (ii) not subject to any currency exchange controls, trading restrictions or other trading limitations.

  • Target Shares means the common shares in the capital of Target;