Examples of Remaining Shareholders in a sentence
Following the completion of the Offer, the Remaining Shareholders will acquire any remaining equity interest in the Company not then owned by the Remaining Shareholders by effecting the Merger described below.
The purpose of the Offer is (i) to provide the Public Shareholders with liquidity for their SBI by enabling them to sell their SBI at a fair price and at a premium over recent market prices and (ii) to enable the Remaining Shareholders to retain the entire equity interest in the Company.
See Section 6, “Certain Material U.S. Federal Income Tax Consequences.”Effect on Remaining Shareholders, Higher Expense Ratio and Less Investment Flexibility.
The Remaining Shareholders, who currently own 62.3% of the outstanding SBI, intend to vote all of their SBI in favor of the Merger if a shareholder vote is required.
The Company may receive the purchase money in trust for the Selling Participant and/or, if relevant, to the Remaining Shareholder(s) and cause the purchaser to be registered as the holder of the Shares being sold.