Examples of Scheme Implementation Date in a sentence
Each Scheme Participant is deemed, on and with effect from the Scheme Implementation Date, to have warranted and undertaken in favour of the Offeror that (i) the relevant Scheme Shares are not subject to a pledge or otherwise Encumbered, or (ii) if subject to any such pledge or Encumbrance, such Scheme Shares shall be released from such pledge or other Encumbrance immediately on payment and discharge of the Scheme Consideration.
The Scheme Implementation Date is proposed to be the date which is 5 Business Days after the Record Date.
Each holder of phantom options may waive his or her rights under the Phantom Option Scheme (to the extent such rights are in existence as at the Scheme Implementation Date) and agree to the cancellation of his or her phantom options.
Ineligible Foreign Shareholders should refer to Section 4.11 for further details about the consideration they will receive.Statements and confirmations of holdings for Holdco Securities are expected to be despatched to Scheme Shareholders within 5 Business Days after the Scheme Implementation Date.
The time of the CGT event will be when Shareholders transfer their Shares to Holdco under the Proposed Transaction, which will occur on the Scheme Implementation Date.
If the Scheme becomes Operative, you will have your account held at your CSDP or Broker credited with the Scheme Consideration due to you and debited with the Scheme Shares you are transferring to the Offeror on the Scheme Implementation Date or, if you are a Dissenting Shareholder who subsequently becomes a Scheme Participant pursuant to paragraph 4.12.1 of this Circular, on the date set out in paragraph 4.12.1.2 of this Circular.
Holdco Securities to be issued as Scheme Consideration under the Scheme will be issued on the Scheme Implementation Date.
The JSE will suspend the listing of the Pioneer Foods Ordinary Shares on the JSE with effect from the commencement of trading on the JSE on the South African Business Day following the Scheme LDT and, subject to the Scheme becoming Operative, the termination of the listing of Pioneer Foods on the JSE from the commencement of trading on the South African Business Day following the Scheme Implementation Date.
This condition will apply for a period of five years from the Scheme Implementation Date and will apply only to products manufactured or packaged in Namibia by Namibian-owned and Namibian- controlled undertakings.
It is anticipated that 5EA CDIs will commence trading on a normal settlement basis on 10 March 2022.Scheme Shareholders who trade 5EA CDIs during the deferred settlement trading period will not necessarily know the exact number of 5EA CDIs they will receive as Scheme Consideration until after the Scheme Implementation Date.