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.
For the avoidance of doubt, the maximum amount of the Outstanding Loan that shall be capable of converting into Ordinary B Shares in accordance with this clause 6 shall be the Maximum Conversion Amount.
On occurrence of the Final Conversion Time, the Capped Outstanding Loan Amount which is required to convert into Ordinary B Shares in accordance with clause 5.2.1 above shall be considered so converted.
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.
The Committee may from time to time grant non-assignable options to each Participant to purchase Ordinary B Shares on such terms and conditions, consistent with the Plan, as the Committee shall determine.