Proportionate Entitlement definition

Proportionate Entitlement means in respect of an AHG Shareholder, an amount equal to its percentage holding of all of the Voting Shares in issue.

Proportionate Entitlement means in relation to any Holder, the proportion as nearly as may be (without involving fractions of Shares) which the aggregate nominal value of the ordinary shares held by that Holder, bears to the aggregate nominal value of all the issued ordinary shares.

Proportionate Entitlement means in respect of an AHG Shareholder, an amount equal to its percentage holding of all of the Voting Shares in issue. “Proposed Sale” has the meaning given in Clause 14.1.

Examples of Proportionate Entitlement in a sentence

• The offer shall also state that the Lender may subscribe for a number of Affected Securities less than its Proportionate Entitlement if it elects to do so.

• Existing Shareholders who accept their Proportionate Entitlement in full will suffer no dilution to their interests in the Bank.

• It must be accompanied by a form of application for use by the shareholder in applying for his Proportionate Entitlement and for any Transfer Shares in excess of his Proportionate Entitlement which he is willing to purchase.

• If any of the Other Shareholders does not agree to purchase all the Unsold Shares which he is entitled to purchase or is deemed to have rejected the offer made available to him to purchase Unsold Shares (a "Declining Offeree"), the Secretary shall forthwith so notify (the "Additional Notice") each of the Other Shareholders who has agreed to purchase not less than his Proportionate Entitlement of the Unsold Shares.

• If any of the Other Shareholders does not agree to purchase all the Offered Shares which it is entitled to purchase or is deemed to have rejected the offer made available to it to purchase Offered Shares (in this Article, a "Declining Offeree"), the Secretary shall forthwith so notify (in this Article, the "Additional Notice") each of the Other Shareholders who has agreed to purchase not less than its Proportionate Entitlement of the Offered Shares.

More Definitions of Proportionate Entitlement

Proportionate Entitlement has the meaning given in clause 23.1(a);

Proportionate Entitlement has the meaning given to it in paragraph 1.1 of schedule 4 (Secretary of State Transfers);

Proportionate Entitlement means in respect of an Ordinary Shareholder, an amount equal to its percentage holding of all of the Ordinary Shares in issue;

Proportionate Entitlement has the meaning ascribed thereto in Section 3.1(2). (kk) “Proposed Issuance” has the meaning ascribed thereto in Section 3.1(1).‌

Proportionate Entitlement means with respect to a subject shareholder, the percentage obtained by dividing: (i) the number of shares of the relevant class of shares held of record by such subject shareholder at the time of such calculation; by (ii) the Total Shares from which Total Shares are deducted the shares held by the Selling Shareholder at the time of the calculation; provided that, solely for the purposes of this definition, until such time as the Allocable Shares are allocated between the Initial Holder of Series C Shares and the Initial Holder of Series A Shares pursuant to the Trust Agreement, the Allocable Shares shall be deemed to be held (i) by the Initial Holder of Series A Shares, if (x) the Initial

Proportionate Entitlement means with respect to a subject Shareholder, the percentage obtained by dividing: (i) the number of Shares of the relevant Class of Shares held of record by such subject Shareholder at the time of such calculation adjusted to give pro-forma effect to the subscription of Shares pursuant to the BCI Option; by (ii) the Total Shares from which Total Shares are deducted the Shares held by the Selling Shareholder at the time of the calculation adjusted to give pro-forma effect to the subscription of Shares pursuant to the BCI Option; provided that, solely for the purposes of this definition, until such time as the Allocable Shares are allocated between WorldTel and Holdco pursuant to the Trust Agreement, the Allocable Shares shall be deemed to be held (i) by Holdco, if (x) Holdco is not a Selling Shareholder and (y) Holdco elects to exercise its Right of First Offer in full with respect to the percentage interest represented by such Allocable Shares, (ii) by WorldTel, if (xx) either one of the conditions set forth in (x) or (y) above is not met, and (yy) WorldTel is not a Selling Shareholder, or (iii) if neither (i) nor (ii) applies, by the Corporation (in effect, as if the Allocable Shares were not outstanding); and provided, further, that upon each exercise of a Right of First Offer which requires the calculation of a Shareholder's Proportionate Entitlement (a) unless it is a Selling Shareholder, each of Holdco and WorldTel shall indicate, in its Purchase Notice, its preferred position (i) if it were deemed to hold the Allocable Shares, (ii) if the other Shareholder (excluding BCI) were deemed to hold the Allocable Shares, and (iii) if the Allocable Shares were deemed to belong to the Corporation; (b) unless it is a Selling Shareholder, BCI shall indicate, in its Purchase Notice required for the exercise of its Right of First Offer, its preferred position (i) if either Holdco or WorldTel were deemed to hold the Allocable Shares, and (ii) if the Allocable Shares were deemed to belong to the Corporation; and (c) with respect to each Shareholder, the preferred position indicated in its Purchase Notice that is consistent with the actual deemed status of the Allocable Shares shall be the one used and shall be binding upon such Shareholder;

Proportionate Entitlement has the meaning given to it in Article 17.3 (Transfer Notice); proxy notice has the meaning given to it in Model Article 38 (Content of Proxy Notices) applied by Article 51 (Voting at General Meetings - Model Articles);