Examples of Public Facilitation Trust in a sentence
For purposes of clauses 17, 18, 19 and 24 of the BEE Contract the securities transfer tax shall be borne by the Company or its nominee, the Public Facilitation Trust, if it is the buyer of the Shares in question.
Special Resolution number 18, to authorise the Company to provide financial assistance to Sasol’s nominee (including the Sasol Inzalo Public Facilitation Trust), to acquire any SOLBE1 Shares for a purchase price as specified on page 89 of the Circular, if the holders thereof have breached their obligations, was approved.
The provisions of the Agreement constitute a benefit for the Public Facilitation Trust, which it will be entitled to accept at any time by giving written notice to Sasol including an address for the purposes of clause 12.
The provisions of the Agreement constitute a benefit for the Public Facilitation Trust, which it will be entitled to accept at any time by giving written notice of such acceptance to Sasol including an address for the purposes of clause 12.
The number of shares that will ultimately be subscribed for will depend on the extent of the subscriptions by successful Applicants and the subscription by the Public Facilitation Trust.
Should the equity contributions be less than R400 million the shortfall may be funded by Sasol through the subscription for D Preference Shares and through subscriptions by the Public Facilitation Trust.
Therefore, the Public Facilitation Trust does not have the same restrictions as other Sasol Inzalo Shareholders.The Public Facilitation Trust will not be obliged to complete and submit a Funded Invitation Application Form to subscribe for any Sasol Inzalo Ordinary Shares.
Such purchase of Sasol BEE Ordinary Shares from Sasol BEE Ordinary Shareholders by the Public Facilitation Trust will not be a repurchase of securities in accordance with the Companies Act.
The provisions of the Agreement constitute a benefit for the Public Facilitation Trust, which it will be entitled to accept at any time by giving written notice of such acceptance to Sasol including an address for the purposes of clause 12.
It is merely the circumstances in which Sasol BEE Ordinary Shares could be acquired by the Public Facilitation Trust which have been extended.