Reduction of Capital definition

Reduction of Capital means the reduction of the share capital of INM by the cancellation of the INM Ordinary Shares, to be effected as part of the Scheme under Sections 84 to 86 of the Act;

Reduction of Capital means the reduction of the entire issued share capital of Yew Grove by the cancellation of all Yew Grove Shares in issue to be effected as part of the Scheme pursuant to Sections 84 to 86 of the Act;

Reduction of Capital means the reduction of capital of the company pursuant to the Act, details of which are to be set out in the Circular; and

Examples of Reduction of Capital in a sentence

• Each Holder hereby agrees that the Trustee, on behalf of the Holder, is authorized and directed to give its consent to any such Reduction of Capital.

• The Scheme will become Effective in accordance with its terms on delivery to the Registrar of Companies of the Court Order together with the minute required by Section 86 of the Act confirming the Reduction of Capital to take place in connection with the Acquisition, and the Reduction of Capital becomes effective upon the registration of the Court Order and minute by the Registrar of Companies.

• UNIT IV Valuation of Shares and Goodwill UNIT V Alteration of Share Capital and Internal Reconstruction and Reduction of Capital.

• Accordingly, the purpose of the New WPP Reduction of Capital is to create distributable reserves in the accounts of New WPP to support the payment of future dividends and share repurchases by New WPP in the medium to long term.

• INM will then issue new INM Ordinary Shares to Mediahuis in place of the INM Ordinary Shares that were cancelled pursuant to the Scheme and the Reduction of Capital and Mediahuis will pay the Consideration for the Acquisition to the INM Shareholders.

More Definitions of Reduction of Capital

Reduction of Capital means the reduction of capital to be undertaken by New TopCo by way of solvency statement pursuant to the Companies (Amending No. 11) (Jersey) Law 2014 in accordance with the Restructuring Plan;

Reduction of Capital means the court approved reduction of capital of Topco pursuant to the Companies Xxx 0000, which became effective on 29 October 2020, as more particularly described in the Circular;

Reduction of Capital means the reduction of the entire issued share capital of Yew Grove by the cancellation of all Yew Grove Shares in issue other than the Excluded Scheme Share to be effected as part of the Scheme under Sections 84 to 86 of the Act;

Reduction of Capital means the reduction of the share capital of ICI under section 135 of the Companies Act 1985 by the cancellation and extinguishing of the Cancellation Shares, to be effected as part of the Scheme.

Reduction of Capital a reduction of the Company's share capital, including a reduction of the Company's share premium account or capital redemption reserve fund;

Reduction of Capital has the meaning given to that term in the recitals to this Agreement;

Reduction of Capital means the proposed reduction of the Target’s share capital pursuant to section 641(1)(b) of the 2006 Act, provided for by the Scheme;