Examples of Pembina Shares in a sentence
However, no assurance can be made that listing of the Pembina Shares on the NYSE will occur in a timely manner, or at all.Securities Law MattersPembina Shares to be issued under the Arrangement to Provident Shareholders will be issued in reliance on exemptions from prospectus requirements of applicable Canadian securities laws.
These expenses are included in acquisition-related and other expenses in the Financial Statements.The Pembina Shares were listed and began trading on the NYSE under the symbol "PBA" on April 2, 2012.Revenue generated by the Provident business for the period from the Acquisition date of April 2, 2012 to December 31, 2012, before intersegment eliminations, was $1,151.4 million.
An aggregate of 1,587,751 Pembina Shares were issued pursuant to the Pembina DRIP at a weighted average issue price of $26.69 per Pembina Share for aggregate consideration of approximately $42.4 million.
If for any reason the Arrangement is not completed, the market price of the Pembina Shares and the Provident Shares may be adversely affected.
All decisions with respect to the declaration of dividends on the Pembina Shares will be made by the Board of Directors on the basis of Pembina’s earnings, financial requirements and other conditions existing at such future time, planned acquisitions, income tax payable by Pembina, commodity prices and access to capital markets, as well as the satisfaction of liquidity and solvency tests imposed by the Business Corporations Act (Alberta) on corporations for the declaration and payment of dividends.12.
Following completion of the Arrangement, the Pembina Shares will be registered pursuant to Section 12 of the 1934 Act.
The Pembina Shares were listed and began trading on the New York Stock Exchange under the symbol "PBA" on April 2, 2012.
See "Information for United States Shareholders".On January 13, 2012, the last trading day on which the Pembina Shares and Pembina Debentures traded prior to announcement of the Arrangement, the closing price of the Pembina Shares and the Pembina Debentures on the TSX was $27.90 and $106.80, respectively.
The issuance of the additional Pembina Shares pursuant to the Arrangement is not anticipated to materially affect control of Pembina as, to the knowledge of both Pembina and Provident and based on required public filings, at the date hereof no person or company beneficially owns, or controls or directs, directly or indirectly, more than 10% of the issued and outstanding Provident Shares.
Pembina may, at its option after November 30, 2016 (or after November 30, 2014, provided that the volume weighted average trading price of the Pembina Shares on the TSX during the 20 consecutive trading days ending on the fifth trading day preceding the date on when the notice of redemption is given is not less than 125% of the conversion price of the debentures) elect to redeem the debentures by issuing Pembina Shares.