Examples of NCL Holdings in a sentence
The proposed Scheme provides for the arrangement for Demerger of “assets and investments relating to non building material activities” between NCL Alltek & Seccolor Limited and NCL Holdings (A&S) Limited and their respective Shareholders and Creditors with effect from the appointed date i.e., 1st April, 2017 pursuant to the provisions of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 and Rules made thereunder.
The Board of Directors of the Transferor Company and Resulting Company had at their respective meetings held on 11th January, 2018, unanimously approved the proposed Scheme of Arrangement between NCL Alltek & Seccolor Limited and NCL Holdings (A&S) Limited and their respective Shareholders and Creditors.
Pursuant to applicable NYSE rules, NCL Holdings will not issue a number of ordinary shares upon exchange of the notes contemplated hereby in excess of 19.99% of NCL Holdings’ outstanding ordinary shares unless its shareholders approve a proposal to permit the issuance of a greater number of shares.
Directors Approval of Scheme:The Board of Directors of the Transferor Company and Resulting Company had at their respective meetings held on 11th January 2018, unanimously approved the proposed Scheme of Arrangement between NCL Alltek & Seccolor Limited and NCL Holdings (A&S) Limited and their respective Shareholders and Creditors.XIV.
Upon any such consolidation, merger, combination or sale, lease or other transfer or disposition, the Guarantor Permitted Successor (if not NCL Holdings) shall succeed to, and may exercise every right and power of, NCL Holdings under the indenture, the notes and NCL Holdings’ guarantee, and NCL Holdings shall be discharged from its obligations under the notes, the indenture and its guarantee except in the case of any such lease.
The higher profit is mainly due to the gain arising from the disposal of equity interest in LCI in the current quarter amounting to RM113.3 million, gain arising from disposal of Geremi Limited amounting to RM9.1 million and additional gain from the disposal of NCL Holdings ASA amounting to RM9.0 million as disclosed in Note (l) of Part 1 of this quarterly report.
Accordingly, references in this “Description of Notes” to “exchange rights,” or to the exchange of notes for ordinary shares of NCL Holdings, and all similar expressions, should be taken to refer to the entitlement of the holder to convert notes into Preference Shares and the immediate and automatic exchange of such Preference Shares for ordinary shares of NCL Holdings which the Company will cause to occur, as further described in “—Settlement Upon Exchange” below.
No Shareholders Rights For Holders of Notes Holders of notes, as such, will not have any rights as shareholders of the Company or NCL Holdings (including, without limitation, voting rights and rights to receive any dividends or other distributions on our or its ordinary shares).
We may, to the extent permitted by law and without the consent of holders, directly or indirectly (regardless of whether such notes are surrendered to us), repurchase notes in the open market or otherwise, whether by the Company, NCL Holdings or its subsidiaries or through private or public tenders or exchange offers or through counterparties to private agreements, including by cash-settled swaps or other derivatives.
NCL Holdings (A&S) Limited was incorporated on January 05, 2018 with the objective to make and hold the investments in corporate or Non corporate entities engaged in the manufacturing, trading or provision of services whether or not with the right to manage such entities and to hold or trade in various securities issued by corporate bodies, statutory corporations, government or non-government agencies.