MTN Zakhele Futhi Public Offer definition

MTN Zakhele Futhi Public Offer means the public offering in terms of which Black Participants are invited to subscribe for and beneficially own MTN Zakhele Futhi Ordinary Shares, subject to the qualification criteria of such offer as set out in the prospectus published in respect of the offer;
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Examples of MTN Zakhele Futhi Public Offer in a sentence

  • The MTN Zakhele Futhi Public Offer raised approximately R1.094 billion from more than 81 000 applicants from across South Africa.

  • The share-based payment expense of R2,342 million has been calculated on the basis that the 2016 MTN BEE Transaction is an option which has been granted to the MTN Zakhele Futhi Ordinary Shareholders, with their equity contributions from the MTN Zakhele Futhi Public Offer and the MTN Zakhele Re-investment being treated as a premium paid by the MTN Zakhele Futhi Ordinary Shareholders for this option.

  • As for the private budget ϵ, we follow the analysis of Ninghui Li et al.

  • The MTN Zakhele Futhi Public Offer of R1 billion and the MTN Zakhele Re-investment of R1,468 million are incorporated into the option valuation and have the effect of reducing the value of the option.

  • In addition, MTN will recognise additional cash of R234 million from the MTN Zakhele Futhi Public Offer.

  • Prospectuses containing the details of the MTN Zakhele Futhi Public Offer will be made available to members of the Black Public who wish to participate physically at participating Nedbank branches and MTN stores around South Africa and electronically via web platforms.

  • In addition, Black Participants that are found to have misrepresented their BEE Status may be guilty of a criminal offence (fraud).7.3 MTN Underwrite OptionIn the event that the aggregate equity raised in the MTN Zakhele Futhi Public Offer and pursuant to the MTN Zakhele Re- investment Offer does not exceed the Minimum Equity Raise, the 2016 MTN BEE Transaction will not be implemented.

  • The cash raised by MTN Zakhele Futhi under the MTN Zakhele Futhi Public Offer exceeded the minimum amount of cash required for the 2016 MTN BEE Transaction to proceed (being an amount of R250 million).

  • It may be scaled down should public subscriptions under the MTN Zakhele Futhi Public Offer and/or the number of MTN Zakhele Shares in respect of which MTN Zakhele Shareholders elect the Re-investment Option not be sufficient.

  • 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.

Related to MTN Zakhele Futhi Public Offer

  • Qualified Public Offering means the initial underwritten public offering of common Equity Interests of Holdings or any direct or indirect parent of Holdings or the Company pursuant to an effective registration statement filed with the SEC in accordance with the Securities Act (other than a registration statement on Form S-8 or any successor form).

  • Underwritten Public Offering means an underwritten Public Offering, including any bought deal or block sale to a financial institution conducted as an underwritten Public Offering.

  • Initial Public Offering means an offering of securities registered under the Securities Act of 1933, the issuer of which, immediately before the registration, was not subject to the reporting requirements of sections 13 or 15(d) of the Securities Exchange Act of 1934.

  • CCMA means the Commission for Conciliation, Mediation and Arbitration established in terms of section 112 of the Labour Relations Act, 1995;

  • Public Offering means an underwritten public offering and sale of any common ownership interest of the Company or any securities issued with respect to, or in exchange for any common ownership interest of the Company pursuant to an effective registration statement under the Securities Act.

  • B-BBEE means broad-based black economic empowerment as defined in section 1 of the Broad-Based Black Economic Empowerment Act;

  • Public Equity Offering means an underwritten public offering of Qualified Capital Stock of the Company pursuant to a registration statement filed with the Commission in accordance with the Securities Act.

  • THCA or "Δ9-THCA" means the acid form of THC.

  • Market Seller Offer Cap means a maximum offer price applicable to certain Market Sellers under certain conditions, as determined in accordance with Tariff, Attachment DD. section 6 and Tariff, Attachment M-Appendix, section II.E.

  • NYSE American means the NYSE American LLC;

  • Retail transaction means the purchase of prepaid wireless telecommunications service from a seller for any purpose other than resale.