MTN Zakhele Futhi Ordinary Shares definition

MTN Zakhele Futhi Ordinary Shares means ordinary shares of no par value in the issued share capital of the Company. For the avoidance of doubt, references to the MTN Zakhele Futhi Ordinary 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 Zakhele Futhi Ordinary Shares in a sentence

  • Save as otherwise provided for inAnnexe A, and subject to clause 7, the preferences, rights, limitations and other terms conferred upon the Holders of the MTN Zakhele Futhi Ordinary Shares shall not be deemed to be varied by the creation or issue of Shares ranking in priority to such Shares, whether as to Distributions, capital or otherwise.

  • Save as otherwise provided for inAnnexe A, and subject to clause 7, the creation or issue of additional Shares ranking in all respects as to capital and dividends after the MTN Zakhele Futhi Preference Shares and/or MTN Zakhele Futhi Ordinary Shares shall not be deemed to be a variation of the preferences, rights, limitations and other terms of the Holders of any MTN Zakhele Futhi Preference Shares and/or MTN Zakhele Futhi Ordinary Shares.

  • The MTN Loan Claim was transferred by MTN Zakhele to MTN Zakhele Futhi in consideration for the issue by MTN Zakhele Futhi to MTN Zakhele of MTN Zakhele Futhi Ordinary Shares.

  • See paragraph 10 of this Circular.With limited exceptions in the event of death, insolvency or liquidation (as applicable), BEE Participants will be required to hold their MTN Zakhele Futhi Ordinary Shares for three years (i.e. the Minimum Investment Period), whereafter they will be entitled to trade with other members of the Black Public until the end of the eight year Empowerment Period.

  • Information will be communicated to all applicants on or before 23 December 2016 to inform them, inter alia, of the status of their applications, including, where applicable, the extent to which their applications were accepted and the number of MTN Zakhele Futhi Ordinary Shares that were allocated to them.

  • Since the closing of the MTN Zakhele Futhi Offer, a detailed process of reconciliation has been undertaken to ensure that due process was followed during the finalisation of allocations of MTN Zakhele Futhi Ordinary Shares to applicants who made valid applications.

  • The minimum subscription required for participation in the MTN Zakhele Futhi Public Offer is R2 000 (i.e. 100 MTN Zakhele Futhi Ordinary Shares), with no maximum on subscriptions.

  • As set out in paragraph 5 below, MTN has exercised the option for its nominee to subscribe for the MTN Zakhele Futhi Underwrite Shares and will accordingly subscribe for 27 848 672 MTN Zakhele Futhi Ordinary Shares for an aggregate consideration of R557 million.

  • It is presently envisaged that, in order to ensure the broadest possible base of BEE Participants, the allocation of MTN Zakhele Futhi Ordinary Shares to the Black Public will be made from the bottom up, starting with applications for the least number of MTN Zakhele Futhi Ordinary Shares and with a priority for Black People (i.e. individuals).

  • MTN Zakhele Futhi Ordinary Shares will be allotted and issued by MTN Zakhele Futhi to successful applicants on Wednesday, 23 November 2016.

Related to MTN Zakhele Futhi Ordinary Shares

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • A Ordinary Shares means the A ordinary shares of £0.01 each in the capital of the Company;

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • New Ordinary Shares means the new Ordinary Shares arising on Conversion of the C Shares;

  • Parent Ordinary Shares means the Ordinary Shares, nominal value NIS 0.0175 per share, of Parent.

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

  • Class A Ordinary Share Value means, as of the close of business on the day preceding the date, the volume weighted average trading price of the Class A Ordinary Shares on all trading platforms or trading systems on which the Class A Ordinary Shares are being traded over the forty-five (45) trading days then ended, provided, that if the total aggregate trading volume over such 45-trading-day period is less than 5% of the public float, such period shall be extended to the ninety (90) trading days then ended, provided, further, if the total aggregate trading volume over such 90-trading-day period is less than 5% of the public float, the holder of the Class B Ordinary Shares shall request that the Board obtain an appraisal of the value of the Class A Ordinary Shares from one or more independent nationally-recognized third party appraisal companies and such appraisal shall constitute the Class A Ordinary Share Value.

  • Class B Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class B Ordinary Share and having the rights provided for in these Articles;

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

  • A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;

  • Class C Ordinary Share shall have the meaning ascribed to it in Section 2.4(a).

  • Class A Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class A Ordinary Shares and having the rights provided for in these Articles;

  • Merger Sub Common Stock means the shares of common stock, par value $0.001 per share, of Merger Sub.

  • Additional Ordinary Shares means Ordinary Shares issued by the Guarantor following the issuance of the Subscribed Ordinary Shares;

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

  • Class A Common Shares means the Class A common shares of the Company, par value US$0.00001 per share, at the date of this Indenture, subject to Section 14.07.

  • Additional Shares of Common Stock means all shares of Common Stock issued (or, pursuant to Subsection 4.4.3 below, deemed to be issued) by the Corporation after the Series B Original Issue Date, other than (1) the following shares of Common Stock and (2) shares of Common Stock deemed issued pursuant to the following Options and Convertible Securities (clauses (1) and (2), collectively, “Exempted Securities”):

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

  • Ordinary Shareholders means holders of Ordinary Shares;

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • Class B Common Shares means shares of Class B Common Stock.

  • Purchaser Common Stock means the common stock, par value $0.01 per share, of Purchaser.

  • Ordinary Share Capital means any issued and outstanding shares of the Company with voting or other rights of management and control and any outstanding securities of the Company that are convertible into such shares at the option of the holder;

  • Company Ordinary Shares means the shares of par value $1.00 each in the Company.