MTN Zakhele Unwinding Scheme definition

MTN Zakhele Unwinding Scheme means the scheme of arrangement pursuant to section 114 of the Companies Act to be proposed by the MTN Zakhele Board as between MTN Zakhele and the MTN Zakhele Shareholders, for the purposes of MTN Zakhele buying back and cancelling all of the MTN Zakhele Ordinary Shares from MTN Zakhele Shareholders (other than the MTN Zakhele Ordinary Share to be held by MTN or its subsidiary), and pursuant to which scheme and subject to the terms thereof each MTN Zakhele Shareholder will be entitled to elect toreceive (i) MTN Consideration Shares, (ii) cash, (iii) MTN Zakhele Futhi Consideration Shares; or (iv) a combination of the MTN Consideration Shares, cash and MTN Zakhele Futhi Consideration Shares;
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MTN Zakhele Unwinding Scheme means the scheme of arrangement pursuant to section 114 of the Companies Act proposed by the board of directors of MTN Zakhele as between MTN Zakhele and the ordinary shareholders of MTN Zakhele, for the purpose of MTN Zakhele buying back and cancelling all of the ordinary shares in the issued share capital of MTN Zakhele from the ordinary shareholders of MTN Zakhele (other than such share held by MTN Holdings), pursuant to which scheme and subject to the relevant terms and conditions, inter alia, each ordinary shareholder of MTN Zakhele will be entitled to elect to receive one or more of: (i) ordinary shares in the ordinary issued share capital of MTN; (ii) cash consideration; (iii) BIC2 Consideration Shares; or (iv) a combination of the items listed in the BIC2 MOI;
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Examples of MTN Zakhele Unwinding Scheme in a sentence

  • 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.

  • It is not MTN’s intention, through Wind-up Co, to repurchase MTN shares from related parties at a premium.To the extent that there are any residual assets and/or liabilities remaining in MTN Zakhele after the implementation of the Winding-up Transfer Agreement and the implementation of the MTN Zakhele Unwinding Scheme on the Operative Date and relevant settlement dates, it is proposed that Wind-up Co and MTN Zakhele will enter into the Amalgamation Agreement.

  • As set out more fully in paragraphs 4.1 to 4.5 of this Circular, the MTN Zakhele Integrated Unwind (or MTN Zakhele Standalone Unwind, as applicable) will provide for the settlement of MTN Zakhele’s funding obligations and the distribution of the MTN Zakhele Net Assets (after providing for expenses of and relating to the unwinding and associated taxes) to MTN Zakhele Shareholders in accordance with their elections of MTN Zakhele Scheme Consideration under the MTN Zakhele Unwinding Scheme.

  • TRANSACTION CONDITIONS PRECEDENT9.1 Conditions precedent to the MTN Zakhele Re-investment OfferThe offer in terms of the MTN Zakhele Re-investment Offer is conditional upon the 2016 MTN BEE Transaction proceeding and on the MTN Zakhele Unwinding Scheme becoming unconditional in accordance with its terms.

  • As such, it is not feasible for this amount not be known at that date.The amendment is therefore aimed at increasing certainty for MTN Zakhele Shareholders as to the MTN Zakhele Scheme Consideration to which they may be entitled under the MTN Zakhele Unwinding Scheme and at enabling the Capital Structure Model to be timeously finalised.

  • The MTN Zakhele Scheme Circular (including as an annexe thereto, the Prospectus) proposing the MTN Zakhele Unwinding Scheme and including the MTN Zakhele Re-investment Offer will be sent to MTN Zakhele Shareholders on or about 12 September 2016, and will also be made available electronically to MTN Zakhele Shareholders via web platforms.

  • Szalaj, ‘Die künftige Regelung des Umfangs der Nacherfüllung im Kaufrecht’, 8 Die Deutsche Zeitschrift für Wirtschafts- und Insolvenzrecht 2012, p 321.

  • MTN Zakhele Shareholders will continue to hold their MTN Zakhele Shares and will not receive a distribution of the MTN Zakhele Net Assets as contemplated under the MTN Zakhele Unwinding Scheme (that is, none of the MTN Zakhele Unwinding Scheme Options will be available for distribution to MTN Zakhele Shareholders).

  • If the MTN Zakhele Unwinding Scheme proceeds, MTN Zakhele will be consolidated by MTN after the unwind transaction.

  • Parliament shall, upon expiry of five years from the date of commencement of this Act, and pursuant to Article 59(4) of the Constitution, review the mandate of the Commission with a view to amalgamating the Commission with the commission responsible for human rights.

Related to MTN Zakhele Unwinding Scheme

  • town planning scheme means the City of Rockingham Town Planning Scheme made under the Town Planning and Development Act 1928.

  • Limited Condition Transaction means any Acquisition Transaction or any other acquisition or Investment permitted by this Agreement, in each case whose consummation is not conditioned on the availability of, or on obtaining, third party financing.

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the Shareholders. Such term does not include:

  • Bidders from a country which shares a land border with India for the purpose of this Order means:

  • Credit Available for Virtual Transactions means the Market Participant’s Working Credit Limit for Virtual Transactions calculated on its credit provided in compliance with its Peak Market Activity requirement plus available credit submitted above that amount, less any unpaid billed and unbilled amounts owed to PJMSettlement, plus any unpaid unbilled amounts owed by PJMSettlement to the Market Participant, less any applicable credit required for Minimum Participation Requirements, FTRs, RPM activity, or other credit requirement determinants as defined in Tariff, Attachment Q.

  • Minimum Transaction Size means the minimum value of subsequent subscriptions,

  • Consumer credit transaction means a consumer credit sale or consumer loan, or a refinancing or consolidation thereof, or a consumer lease, or a consumer rental purchase agreement.

  • MVAR means megavolt ampere of reactive power.

  • PPPFA means the Preferential Procurement Policy Framework Act, 2000.

  • Bidder from a country which shares a land border with India for the purpose of this Order means: -

  • €STRi-pTBD means, in respect of any TARGET Business Day falling in the relevant Interest Accrual Period, the €STR for the TARGET Business Day falling “p” TARGET Business Days prior to the relevant TARGET Business Day “i”;

  • Involuntary Resettlement Safeguards means the principles and requirements set forth in Chapter V, Appendix 2, and Appendix 4 (as applicable) of the SPS;

  • Transaction Size means Lot Size multiplied by number of Lots.

  • Lower Tier Covered Transactions refers to any covered transaction under a First Tier Covered Transaction (such as subcontracts). “First Tier Participant” refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Optional Extended Local Calling Scope Arrangement Traffic is traffic that under an optional Extended Local Calling Scope Arrangement chosen by the Customer terminates outside of the Customer’s basic exchange serving area.

  • Public procurement unit means either a local public procurement unit or a state public procurement unit.

  • Switching and Tagging Rules means the switching and tagging procedures of Interconnected Transmission Owners and Interconnection Customer as they may be amended from time to time.

  • High dose-rate remote afterloader means a brachytherapy device that remotely delivers a dose rate in excess of 1200 rads (12 gray) per hour at the point or surface where the dose is prescribed.