Sale Nominee definition
Examples of Sale Nominee in a sentence
The 88 Energy Shares which would otherwise have been issued to Unmarketable Parcel Securityholders will instead be issued to the Sale Nominee who will sell those shares.
The 88 Energy Shares which would otherwise have been issued to Ineligible Foreign Securityholders will instead be issued to the Sale Nominee who will sell these shares.
In any event, there is no guarantee regarding the prices that will be realised by the Sale Nominee or the future market price of the 88 Energy Shares.
The 88 Energy Shares which would otherwise have been issued to Ineligible Foreign Securityholders will instead be issued to the Sale Nominee, who will sell these shares.
In addition, the Sale Nominee (and/or a nominee of the Sale Nominee) will be issued 88 Energy Shares attributable to certain Ineligible Foreign Securityholders and Unmarketable Parcel Securityholders and will sell them on market.
As soon as reasonably practicable after obtaining the Court direction in clause 6.1(k), and in cooperation with the Bidder, appoint an agent as Sale Nominee.
For the purpose of this rounding calculation, the Existing Units held by the Sale Nominee under the Sale Facility will be treated as if they represented separate holdings of those Ineligible Foreign Securityholders who transferred those Existing Units to the Sale Nominee, with the rounding calculation applying to each such separate holding.
The cash amount received by Ineligible Foreign Shareholders will depend on the price at which the New Vocus Shares can be sold by the Sale Nominee at the relevant time and the amount of any brokerage, stamp duty and other selling costs, taxes and charges incurred in connection with the sales described above.
Vocus will remit proceeds that it receives from the Sale Nominee in respect of the sale of those New Vocus Shares to Ineligible Foreign Shareholders in accordance with their entitlements.For additional details about the provision of Scheme Consideration in respect of Ineligible Foreign Shareholders, you should refer to Section 10.6 of this Booklet.
None of M2, Vocus Subsidiary, Vocus or the Sale Nominee gives any assurance as to the price that will be achieved for the sale of New Vocus Shares by the Sale Nominee described above and the sale of the New Vocus Shares by the Sale Nominee will be at the risk of the Ineligible Foreign Shareholder.