Examples of Repurchase Pool in a sentence
Shareholders considering whether to tender their Shares should read this document as a whole carefully.The Repurchase Price will be dependent on the realisation of the asset pool created to repurchase the number of Shares tendered under the Tender Offer and on the price at which the assets comprising the Repurchase Pool are realised.
Based on the assumptions above, these expenses, as well as the estimated Realisation Costs incurred in disposing of the assets in the Repurchase Pool established for purposes of the Tender Offer, will be charged against the Repurchase Pool and would represent approximately 1.2 per cent.
Stoppard started his education at Mount Hermon School, an American school in India.
The time it will take to realise the non-cash assets contained in the Repurchase Pool and therefore to distribute repurchase proceeds to Exiting Shareholders will depend on (i) market conditions and how quickly the Investment Manager is able to sell such assets at prices it considers to be reasonable in the circumstances; (ii) the remaining maturity of the investments; and(iii) any early redemption of the investments.
As the general pool of assets comprising the Company (the “General Pool”) is expected to consist of cash as well as investments in CLOs, the assets allocated to the Repurchase Pool will include a cash element as well as a share of the non-cash assets held.
Shareholders participating in the Repurchase Offer (“Exiting Shareholders”) will receive Repurchase Pool Shares which, subject to the then existing regulations, are anticipated to be admitted to listing on the Official List of the UK Listing Authority (“UKLA”) and to trading on the Main Market of the London Stock Exchange.
In all cases, as required by the Central Bank of Ireland, asset allocation will be subject to the approval of the Board and the Custodian.An initial cash payment (if available) in the currency of denomination of the Repurchase Pool Shares will be made on a pro rata basis to Exiting Shareholders following the closing of the Repurchase Offer with further cash payments to be made, at the discretion of the Directors, as assets in the Repurchase Pool are realised.
The Directors expect that in normal circumstances it should be possible to realise the assets comprised in a Repurchase Pool and distribute the proceeds to Exiting Shareholders within six to nine months of the relevant repurchase date.
Subject to the provisions of this article 10, each holder of shares having rights over a Pool (other than the Repurchase Pool) shall be entitled as set out in these articles to convert all or any of his/her shares into shares having rights over the Managed Cash, Managed Growth or Managed Income Pools).
Overnight Repurchase PoolThe Repurchase Pool acts as a repository for cash balances from the portfolios managed by the State Treasurer and for cash from the Educational Retire- ment Board, the State Investment Council, and the Public Employees Retirement Association.