MTN Zakhele Shareholders definition

MTN Zakhele Shareholders means the Persons registered as holders of MTN Zakhele Ordinary Shares from time to time in its certificated or uncertified share register including, as the context requires, the beneficial holders thereof;
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MTN Zakhele Shareholders the Persons registered as holders of MTN Zakhele Ordinary Shares from time to time in its certificated or uncertified share register including, as the context requires, the beneficial holders thereof;
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Examples of MTN Zakhele Shareholders in a sentence

  • The following three options (or a combination thereof) are available for election by MTN Zakhele Shareholders in consideration for the disposal of their MTN Zakhele Shares to MTN Zakhele (subject to rounding and certain minimum election thresholds): Option 1 • A cash amount equal to the proceeds (net of all realisation costs and Securities Transfer Taxes (“STT”)) on disposal of their MTN Shares comprising their proportionate interest in MTN Zakhele's Net Assets.

  • MTN Zakhele will be liable for capital gains tax on the MTN Shares held by it and disposed of in the manner described in the MTN Zakhele Unwind and will also be liable for dividends withholding tax (where applicable) in respect of the MTN Shares distributed to those MTN Zakhele Shareholders who elect to receive cash or MTN Shares.

  • Further, it is assumed that all equity is raised from the MTN Zakhele Futhi Public Offer and that none of the MTN Zakhele Shareholders elect the MTN Zakhele Re-investment option.

  • 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.

  • If MTN Zakhele Shareholders do not approve the resolutions required to give effect to the MTN Zakhele Unwinding Scheme (or, for any other reason, the MTN Zakhele Unwinding Scheme fails to become operative), neither the MTN Zakhele Integrated Unwind nor the MTN Zakhele Standalone Unwind will proceed and none of the above unwind options will be available to MTN Zakhele Shareholders.

  • In terms of the MTN Zakhele Futhi Offer, which closed at 16h00 on Friday, 28 October 2016, an invitation was made (i) to the black public (individuals and groups) to subscribe for MTN Zakhele Futhi Ordinary Shares; and (ii) to qualifying MTN Zakhele Shareholders to re-invest all or a portion of their investment in MTN Zakhele into MTN Zakhele Futhi Ordinary Shares in accordance with the terms of the MTN Zakhele Unwinding Scheme.

  • The Re-investment Option effectively allows MTN Zakhele Shareholders to elect to re-invest the “proceeds” received from the sale of their MTN Zakhele Shares to MTN Zakhele in MTN Zakhele Futhi Ordinary Shares.

  • The number of MTN Shares repurchased for the MTN Loan Claim (“Repurchase Loan Shares”) will depend on the extent to which MTN Zakhele Shareholders elect the Re-investment Option, and on the levels of allocations made in respect thereof.

  • Those MTN Zakhele Shareholders that elect (or are deemed to have elected) the cash consideration (i.e. Option 1) will have their proportionate MTN Shares to which they are entitled sold for and on their behalf (and at their risk) through a market sales process at the then achievable market price for such shares and will be paid the cash proceeds (net of all realisation costs and expenses) realised from such sale.

Related to MTN Zakhele Shareholders

  • Existing Shareholders means the officers, directors and shareholders of the Company prior to the Offering; (c) “Initial Ordinary Shares” shall mean all of the Ordinary Shares owned by an Existing Shareholder prior to the Offering (and shall include any Ordinary Shares issued as dividends with respect to such shares); (d) “Public Shareholders” shall mean the holders of securities issued in the Offering; (e) “Trust Account” shall mean the trust account established for the benefit of the Public Shareholders into which a portion of the net proceeds of the Offering will be deposited; and (f) the “Extended Period” shall mean the additional 12-month period to approve a Business Combination as more specifically described in the Registration Statement.

  • Target Shareholders means the holders of Target Shares;

  • Company Shareholders means holders of Company Shares.

  • Scheme Shareholders means the registered holders of Scheme Shares at the relevant time.

  • Overseas Shareholders holders of Scheme Shares who are resident in, ordinarily resident in, or citizens of, jurisdictions outside the United Kingdom;

  • Major Shareholders Means a person who has an interest or interests in one or more

  • Common Shareholders means the registered and/or beneficial holders of the Common Shares, as the context requires.

  • Minority Shareholders means holders of Shares that were not tendered pursuant to the Offer or in the Subsequent Offering Period (as it may be extended by the Minority Exit Offering Period).

  • Preferred Shareholders means the holders of Preferred Shares.

  • Principal Shareholders means Xxxx Xxxxxxx, Xxxxx Xxxxxxx, Xxxxxxx Xxxxx, Xxxxx Xxxxxxxxxx, Xxxxxxx Xxxxx and Xxxx Persons.

  • Public Shareholders means the holders of Ordinary Shares included in the Units issued in the Public Offering; (v) “Public Shares” shall mean the Ordinary Shares included in the Units issued in the Public Offering; (vi) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (viii) “Charter” shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time.

  • Initial Shareholders means the Sponsor and any Insider that holds Founder Shares; (v) “Private Placement Warrants” shall mean the 6,000,000 warrants (or 6,600,000 warrants if the over-allotment option is exercised in full) that the Sponsor has agreed to purchase for an aggregate purchase price of $6,000,000 (or $6,600,000 if the over-allotment option is exercised in full), or $1.00 per warrant, in a private placement that shall occur simultaneously with the consummation of the Public Offering; (vi) “Public Shareholders” shall mean the holders of securities issued in the Public Offering; (vii) “Trust Account” shall mean the trust fund into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; and (viii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b).

  • Controlling Shareholders means controlling shareholders of the Company, as such term is defined in the Ordinance.

  • Locked-Up Shareholders means the Persons who are party to the Lock-Up Agreements.

  • Majority Shareholders means Xxxxxxx X. Xxx and Xxxxxxx X. Xxxxxxx.

  • Selling Shareholders has the meaning given to such term in the Preamble to this Agreement;

  • Ordinary Shareholders means the holders of Ordinary Shares;

  • ² Shareholder means a person who owns shares in the company and is actively involved in the management of the company or business and exercises control over the company.

  • Existing Shareholder means any Person that is a holder of Ordinary Shares as of December 8, 2017.

  • Management Shareholders means Xxxxxx X. Xxxxx, Xxxxxxxx X. Xxxxxx and Xxxxx X. XxXxxxx;

  • Other Shareholders means persons who, by virtue of agreements with the Company other than this Agreement, are entitled to include their securities in certain registrations hereunder.

  • Founders means all Members immediately prior to the consummation of the IPO.

  • Beneficial Shareholders means shareholders who do not hold Shares in their own name and “intermediaries” refers to brokers, investment firms, clearing houses and similar entities that own securities on behalf of Beneficial Shareholders.

  • Independent Shareholders means holders of outstanding Voting Shares, excluding (i) any Acquiring Person, (ii) any Offeror, (iii) any Affiliate or Associate of any Acquiring Person or Offeror, (iv) any Person acting jointly or in concert with any Acquiring Person or Offeror, and (v) any employee benefit plan, share purchase plan, deferred profit sharing plan or trust for the benefit of employees of the Corporation or a wholly-owned Subsidiary of the Corporation (unless the beneficiaries of such plan or trust direct the manner in which such Voting Shares are to be voted or direct whether the Voting Shares are to be deposited or tendered to a Take-Over Bid, in which case such plan or trust shall be considered to be an Independent Shareholder).

  • Majority Shareholder means a holder of more than fifty percent (50%) of the outstanding stock of the Company, or if no person holds more than fifty percent (50%) of the outstanding stock of the Company, the holder of a plurality of the outstanding stock of the Company.

  • Existing Stockholders means the stockholders of the Corporation immediately prior to the IPO as listed on Schedule A (including the Existing Stockholders Representative in its capacity as an Existing Stockholder) together with any Permitted Assignees.