Examples of Mtron Common Stock in a sentence
All of the shares of Mtron Common Stock so issued will be fully paid and non-assessable.
LGL will deliver to Computershare Trust Company, N.A., as distribution agent (the “Distribution Agent”), for the benefit of holders of record of LGL Common Stock at the close of business on the Record Date (the “Record Holders”) a stock certificate representing (or authorize the related book-entry transfer of) all outstanding shares of Mtron Common Stock and will order the Distribution Agent to effect the Distribution in the manner set forth in Section 3.2.
However, the actual number of shares of Mtron Common Stock to be distributed in the spin-off will be determined based on the actual number of shares of the Company’s common stock outstanding as of the record date.
IMPORTANT TAX INFORMATION Under current U.S. federal income tax law, dividend payments that may be made by M-tron on shares of M-tron Common Stock issued upon the exercise of Rights may be subject to backup withholding, and each Rights holder who exercises Rights should provide the Subscription Agent (as M-tron's agent, in respect of exercised Rights) with such Rights holder's correct taxpayer identification number on Substitute Form W-9 below.
Payment of the Subscription Price must be made in U.S. dollars for the full number of shares of M-tron Common Stock being subscribed for (a) by check or bank draft drawn upon a U.S. bank or postal, telegraphic or express money order payable to American Stock Transfer & Trust Company as Subscription Agent, or (b) by wire transfer of same day funds to the account maintained by the Subscription Agent for such purpose at ___________________________, Account No. _____________, ABA No. ____________.
Failure to provide the information on the form may subject such holder to 31% federal income tax withholding with respect to (i) dividends that may be paid by M-tron on shares of M-tron Common Stock purchased upon the exercise of Rights.
LGL will deliver to Computershare Trust Company, N.A. , as distribution agent (the “Distribution Agent”), for the benefit of holders of record of LGL Common Stock at the close of business on the Record Date (the “Record Holders”) a stock certificate representing (or authorize the related book-entry transfer of) all outstanding shares of Mtron Common Stock and will order the Distribution Agent to effect the Distribution in the manner set forth in Section 3.2.
Promptly after the Closing Date, the Subscription Agent will mail to each exercising Rights holder certificates representing shares of M-tron Common Stock purchased pursuant to the Basic Subscription Privilege and the Over-subscription Privilege.
If more shares of M-tron Common Stock are subscribed for pursuant to the Over-subscription Privilege than are available for sale, shares of M-ton Common Stock will be allocated, as described above, among persons exercising the Over-subscription Privilege in proportion to the number of rights evidenced by such persons' respective subscription certificates.
Promptly after the Expiration Date, the Subscription Agent will mail to each Rights holder who exercises the Over-subscription Privilege any excess funds received in payment of the Subscription Price for shares of M-tron Common Stock that are subscribed for by such Rights holder but not allocated to such Rights holder pursuant to the Over-subscription Privilege.