Sasol Ordinary Shares definition

Sasol Ordinary Shares means ordinary shares of no par value in the stated share capital of Sasol;
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Sasol Ordinary Shares means the no par value ordinary shares in the share capital of Sasol listed on (i) the JSE under the JSE share code SOL and ISIN code ZAE000006896 and (ii) the NYSE, in the form of ADRs, under the NYSE share code SSL and ISIN code US8038663006;
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Sasol Ordinary Shares means ordinary shares listed on the JSE with no par value in the capital of Sasol;
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Examples of Sasol Ordinary Shares in a sentence

  • Except for the preferred dividend right, the Sasol Preferred Ordinary Shares will rank pari passu with the Sasol Ordinary Shares.

  • After the implementation of the Transaction, and assuming no further Sasol Ordinary Shares are repurchased in accordance with Sasol’s current share repurchase programme, the total Transaction will represent 9,6% of Sasol’s issued share capital.Sasol intends to continue its current share repurchase programme, subject to the financial position (including cash flow and gearing considerations) of the Company and the prevailing market and economic conditions.

  • These shares will be issued at the Issue Price of R366, being the 60 day VWAP of Sasol Ordinary Shares to 18 March 2008, which was the last day prior to the Board reaching a decision on the Issue Price.The Board, taking cognisance of the fairness opinion provided by the Independent Expert referred to in Annexure 1, is of the view that a 60 day VWAP is appropriate given the recent volatility of the Sasol share price and the need for Sasol to ensure a sustainable Transaction over the long term.

  • Sasol Employees and Black Managers will also be entitled to requisition a meeting of participants.Until the end of the Empowerment Period, the Employee Trusts may not dispose of, or encumber the Sasol Ordinary Shares issued to these trusts, other than in terms of the relevant trust deeds.

  • Furthermore, although the BEE Participants will benefit from Sasol’s domestic and international growth, Sasol is required to implement BEE in respect of its South African assets only.Sasol’s current share repurchase programme, initiated on 7 March 2007, has resulted in the purchase of 5,9% of Sasol Ordinary Shares as at the Last Practicable Date, by Sasol Investment Company (Proprietary) Limited, a wholly-owned subsidiary of Sasol.

  • Sasol and the Financing Institutions have agreed on the adjustment that may be made, however, such adjustment will only be made to the extent that Sasol is not in a worse economic position after the adjustment.The preferred dividend right of the Sasol Preferred Ordinary Shares will rank ahead of the dividend rights of Sasol Ordinary Shares and Sasol BEE Ordinary Shares.

  • The Sasol Ordinary Shares and any other assets of the Funding Companies will then be sold to enable the Funding Companies to discharge their obligations to the Financing Institutions and Sasol.

  • The Sasol BEE Ordinary Shares will rank pari passu with the Sasol Ordinary Shares and will differ only in the fact that they will not be listed and trading will be restricted for the duration of the Empowerment Period.

  • Vested rights will also be granted to white employees and migrant workers in respect of approximately 1,7% of the Sasol Ordinary Shares.

  • At the end of the Empowerment Period, the Sasol BEE Ordinary Shares will automatically be Sasol Ordinary Shares and will then be listed on the JSE.The Sasol BEE Ordinary Shares will not be counted for categorisation purposes in terms of section 9 of the JSE Listings Requirements.The creation of the Sasol BEE Ordinary Shares will require the alteration of the authorised share capital of Sasol and accordingly a special resolution will be proposed at the General Meeting for this purpose.


More Definitions of Sasol Ordinary Shares

Sasol Ordinary Shares means ordinary shares of no par value in Sasol
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Related to Sasol Ordinary Shares

  • A Ordinary Shares means the ‘A’ ordinary shares of £1.00 each in the capital of the Company;

  • New Ordinary Shares means the new Ordinary Shares arising on Conversion of the C Shares;

  • Ordinary Shares means the ordinary shares, par value $0.0001 per share, of the Company.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Parent Ordinary Shares means the ordinary shares, no par value per share, of Parent.

  • Additional Ordinary Shares means Ordinary Shares issued by the Guarantor following the issuance of the Subscribed Ordinary Shares;

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Common Shares means the common shares in the capital of the Company;

  • Common Stock means the common stock of the Company.

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Company Ordinary Shares means the shares of par value $1.00 each in the Company.

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • Ordinary Share Capital means any issued and outstanding shares of the Company with voting or other rights of management and control and any outstanding securities of the Company that are convertible into such shares at the option of the holder;

  • Additional Shares of Common Stock means all shares of Common Stock issued (or, pursuant to Subsection 4.4.3 below, deemed to be issued) by the Corporation after the Series B Original Issue Date, other than (1) the following shares of Common Stock and (2) shares of Common Stock deemed issued pursuant to the following Options and Convertible Securities (clauses (1) and (2), collectively, “Exempted Securities”):

  • Class C Ordinary Share shall have the meaning ascribed to it in Section 2.4(a).

  • shares of Common Stock means (i) the class of stock designated as the Common Stock of the Company at the date of this Agreement, or (ii) any other class of stock resulting from successive changes or reclassifications of such shares consisting solely of changes in par value, or from par value to no par value, or from no par value to par value. In the event that at any time, as a result of an adjustment made pursuant to paragraph (a) above, the Warrant Holders shall become entitled to purchase any securities of the Company other than shares of Common Stock, thereafter the number of such other securities so purchasable upon exercise of each Warrant and the Exercise Price of such securities shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the Warrant Shares contained in paragraphs (a) through (i), inclusive, above, and the provisions of Section 7 and Section 12.2 through 12.5, inclusive, with respect to the Warrant Shares, shall apply on like terms to any such other securities.

  • Class B Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class B Ordinary Share and having the rights provided for in these Articles;

  • Class A Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class A Ordinary Shares and having the rights provided for in these Articles;

  • Fully Diluted Company Shares means the total number of issued and outstanding shares of Company Common Stock, (a) after giving effect to the Company Preferred Stock or otherwise treating shares of Company Preferred Stock on an as-converted to Company Common Stock basis, and (b) treating all outstanding in-the-money Specified Company Warrants as fully vested and as if the Specified Company Warrants had been exercised for cash as of the Effective Time, but for the avoidance of doubt excluding any Company Securities described in Section 1.11(b).

  • Equity Shares shall have the meaning attributed to such term in the recitals of this Agreement.

  • Newco Common Stock means the common stock, par value $.01 per share, of Newco.

  • Series B Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series B, of the Company.

  • ASA Shares has the meaning set forth in 2.4(a).

  • Company Shares means the common shares in the capital of the Company;

  • Class A Ordinary Share Value means, as of the close of business on the day preceding the date, the volume weighted average trading price of the Class A Ordinary Shares on all trading platforms or trading systems on which the Class A Ordinary Shares are being traded over the forty-five (45) trading days then ended, provided, that if the total aggregate trading volume over such 45-trading-day period is less than 5% of the public float, such period shall be extended to the ninety (90) trading days then ended, provided, further, if the total aggregate trading volume over such 90-trading-day period is less than 5% of the public float, the holder of the Class B Ordinary Shares shall request that the Board obtain an appraisal of the value of the Class A Ordinary Shares from one or more independent nationally-recognized third party appraisal companies and such appraisal shall constitute the Class A Ordinary Share Value.

  • Ordinary Share Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares or ADSs, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares or ADSs.