Scheme Reduction of Capital definition

Scheme Reduction of Capital means the reduction of capital referred to in Clause 1(a) of this Scheme;
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Scheme Reduction of Capital means the reduction of capital referred to in Clause 1(a) of Part IIIof this document;
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Examples of Scheme Reduction of Capital in a sentence

  • Following the cancellation of the Scheme Shares, the share capital of THRL will be increased to its former amount and the credit arising in the books of THRL as a result of the Scheme Reduction of Capital will be applied in paying up in full new THRL Shares.

  • Following the cancellation of the Scheme Shares, the issued share capital of the Company will be increased to its former amount by the issue of such number of New Ordinary Shares as shall be equal to the number of Scheme Shares cancelled and the credit arising in the books of the Company as a result of the Scheme Reduction of Capital will be applied in paying up in full such number of New Ordinary Shares.

  • Following the cancellation of the Scheme Shares, the share capital of WPP will be increased to its former amount by the creation of the New Shares and the New Voting Share and the credit arising in the books of WPP as a result of the Scheme Reduction of Capital will be applied in paying up in full, at par, the New Shares and the New Voting Share.

  • Following the cancellation of the Scheme Shares, the share capital of WPP will be increased to its former amount by the creation of the New Shares and the credit arising in the books of WPP as a result of the Scheme Reduction of Capital will be applied in paying up in full, at par, the New Shares.

  • Further details of the effect of the Scheme on WPP ADSs is set out in paragraph 6 below.Following the cancellation of the Scheme Shares, the share capital of WPP will be increased to its former amount by the creation of the New Shares and the credit arising in the books of WPP as a result of the Scheme Reduction of Capital will be applied in paying up in full, at par, the New Shares.

Related to Scheme Reduction of Capital

  • Dividend means any dividend (whether interim or final) resolved to be paid on Shares pursuant to the Articles.

  • Reclassification means the upgrading of a position to a higher classification as a result of the gradual increase of the duties being performed by the incumbent in that position.

  • dissolution “insolvency”, or “reorganisation” of a company or corporation shall be construed so as to include any equivalent or analogous proceedings under the law of the jurisdiction in which such company or corporation is incorporated or any jurisdiction in which such company or corporation carries on business including the seeking of liquidation, winding-up, reorganisation, dissolution, arrangement, protection or relief of debtors;

  • Special Dividend means any special or abnormal dividend or distribution in respect of securities (including a distribution of income or capital) and includes a dividend or distribution described by the entity declaring that dividend or distribution as: