Examples of Ordinary B Shares in a sentence
The Company was incorporated with the authority to issue an unlimited number of Ordinary Shares (the “Shares”) with no par value and an unlimited number of Ordinary B Shares (“B Shares”) of no par value.
The said shareholders authorised the Directors to issue up to 30,000,000 Ordinary B Shares of a nominal value of €0.50 per share (the “ Authorised Shares”), which authorisation is valid for a period up to 28 May 2017.
Ten million (10,000,000) Ordinary B Shares (“Participating Shares”) having a nominal capital of one ten thousandth of one US Cent ($0.00001) each being $100.00 in total.
The holder of the Ordinary B Shares is not entitled to any bonus upon the capitalisation of any share premium or other reserve by the Issuer.In terms of the Issuer’s Memorandum and Articles of Association, any issue of shares in the Issuer requires by a resolution of the Issuer approved by unanimous consent of all the shareholders, subject to the approval of the MFSA, as may be required.
On the return of assets on a liquidation or otherwise, the holder of the Ordinary B Shares shall only be entitled to a repayment of the nominal amount paid up on such Ordinary B Shares to the extent that there are sufficient assets of the Issuer available for distribution and remaining after payment of the Issuer’s debts and liabilities and after payment of the nominal value paid up on Ordinary A Shares of the Issuer.