Public Float definition

Public Float. , for a class of securities, means

Public Float means, in respect of a class of securities, the market value of the securities of such class, excluding securities that are beneficially owned, directly or indirectly, or over which control or direction is exercised by persons or companies that alone or together with their respective Associates and Affiliates, beneficially own or exercise control or direction over more than 10% of the issued and outstanding securities of such class, provided that securities that would be excluded because a portfolio manager of a pension fund, mutual fund or non-redeemable investment fund exercises control or direction over them need only be excluded if the portfolio manager is an Affiliate of the issuer of those securities;

Examples of Public Float in a sentence

Notwithstanding anything to the contrary, the provisions of Section 7.1 shall not be applicable if the Common Stock is publicly traded on an Exchange and there exists a Minimum Public Float.
If the public float after the implementation of the conversion cannot meet the Minimum Public Float requirement, the conversion will not be implemented.
In such case, the Bank will consider various means, including but not limited to, issuing new H Shares, to comply with the Minimum Public Float requirement (where applicable).
The Bank will then have a public float of 25%, which meets the requirements of the Minimum Public Float.
In such case, the Bank will consider various means, including but not limited to, issuing new H Shares, to comply with the requirement of the Minimum Public Float (where applicable).

Public Float means the number of securities outstanding, less securities known by the Listed Issuer after reasonable enquiry to be:

Public Float means the number of Equity Securities held by shareholders of the Company other than (a) shareholders who Beneficially Own more than ten percent of all outstanding Common Stock, (b) directors or executive officers of the Company and any members of their immediate family, and (c) Affiliates of the Company.

Public Float means the total number of unrestricted shares not held directly or indirectly by an officer, director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding (a “control person”), or any affiliates thereof, or any immediate family members of officers, directors and control persons. In this instance, the Company has calculated shares in the public float by using the number of shares held in the designated name of CEDE & Co. This is the most reasonable means of determining the number of our outstanding shares that are available for trading by the public.

Public Float means the aggregate market value of the Company’s voting and non-voting common equity held by non-affiliates calculated in accordance with Instruction 2 to General Instruction B of Form S-3; and (b) “annual trading volume” means the number of shares of Class A Common Stock traded on the New York Stock Exchange during a recurring 12-month period culminating within 60 days of the date hereof. The Company’s Class A Common Stock has an ADTV value of at least $1.0 million. As used herein the term “ADTV” shall have the meaning ascribed to it in Rule 100 of Regulation M.

Public Float means the number of securities of the class which are issued and outstanding, less the number of securities that are pooled, escrowed or non-transferable, and less the number of securities of the class, known to the Listed Issuer after reasonable inquiry, beneficially owned, or over which control or direction is exercised by:

Public Float means the market value of all outstand- ing equity shares owned by nonaffiliates.