Examples of Scheme Optionholder in a sentence
To facilitate the issue of the Consideration Options to Scheme Optionholders on the Implementation Date, the Target must provide to the Bidder, or procure the provision to the Bidder, of a complete copy of the Target Register as at the Scheme Record Date (which must include the name, registered address and registered holding of each Scheme Optionholder as at the Scheme Record Date), within one Business Day after the Scheme Record Date.
Ineligible Foreign Optionholder means a Scheme Optionholder whose address shown in the Target Register as at the Scheme Record Date is a place outside of Australia and its external territories (unless Bidder determines that it is lawful and not duly onerous or impracticable to provide that Scheme Optionholder with Consideration Options when the Option Scheme becomes effective).
Any fractional entitlement of a Scheme Optionholder to a part of a Consideration Option will be rounded up or down to the nearest whole number of Consideration Options (rounded up if the fractional entitlement is equal to or greater than one half, and rounded down if the fractional entitlement is less than one half).
The key obligation of HUB24 under the Schemes is to provide the Share Scheme Consideration to each Scheme Shareholder and the Option Scheme Consideration to each Scheme Optionholder subject to satisfaction or (if applicable) waiver of the Scheme Conditions.
Each Scheme Optionholder will receive the Option Scheme Consideration for every Scheme Option they hold in consideration for the cancellation of their Scheme Options.