Examples of Reclassified Shares in a sentence
The Cash Pool NAV shall be equal to the Cash NAV per Share multiplied by the total number of Reclassified Shares with “B” rights.
Where a Shareholder’s Shares are reclassified into both Shares with “A” rights and Shares with “B” rights, the Shareholder’s base cost in their original holding of Shares should be apportioned by reference to the respective market values of the Shares with “A” rights and Shares with “B” rights received, as at the time the Reclassified Shares are first listed.
Shareholders who receive cash under the Scheme pursuant to the Cash Option should be regarded as having made a disposal of their Reclassified Shares with “B” rights on the distribution of cash by the Liquidators and may be subject to UK taxation of chargeable gains depending on the particular circumstances of the Reclassified Shareholder concerned.
The rms roughness values of the CuIn0.7Ga0.3(Se0.6Te0.4)2 films grown as deposited and 525 oC were 12.10 nm and14.82 nm, respectively.It confirms the conclusion drawn from the XRD measurements that CuIn0.7Ga0.3(Se0.6Te0.4)2 film has maximum grain/crystallite size and it increases with annealing process.
Instead, the Shareholder should be regarded as having acquired the Reclassified Shares at the same time and for the same aggregate base cost as their original holding of Shares.
The Transfer Agreement provides for the transfer of the cash, undertaking and other assets of the Company comprising the Rollover Pool to NAVF (or its nominee), in consideration for the allotment of New NAVF Shares to the Liquidators (as nominees for the Shareholders entitled to them), such shares to be renounced by the Liquidators in favour of the holders of Reclassified Shares with “A” rights on the basis referred to in paragraph 8 of Part 3.
Any assets representing a fraction of the entitlements of holders of Reclassified Shares with “A” rights and whose holding of New NAVF Shares is rounded down shall be retained by NAVF and represent an accretion to its assets.
To the extent that Shareholders receive a distribution from the Liquidation Pool in respect of their Reclassified Shares, the amount received will generally be treated as consideration for a disposal of their shares.
On the Effective Date the Liquidators shall procure that there shall be delivered to Monks (or its nominee) particulars of the undertaking, cash and other assets comprising the Rollover Pool in accordance with the terms of the Transfer Agreement and a list, certified by the Registrar, of the names and addresses of each holder of Reclassified Shares with “A” rights and the number of Reclassified Shares with “A” rights held by each of them.
The Transfer Agreement provides, among other things, that the cash, undertaking and other assets of the Company in the Rollover Pool are to be transferred to Shires in satisfaction of the entitlements of Shires as beneficial holder of the Reclassified Shares with “C” rights and in consideration for the allotment by Shires of New SHRS Shares to the Liquidators, as nominees for Shareholders entitled to them in accordance with the Scheme.