Examples of Scheme Shareholder in a sentence
The parties acknowledge that each Scheme Shareholder who is an Australian resident shareholder who holds their Scheme Shares on capital account will be eligible for scrip- for-scrip rollover relief under subdivision 124-M of the Tax Act for the non-cash component of the Scheme Consideration, to the extent permitted under the Tax Act, and that an ATO Ruling confirming such treatment will be sought by BTH from the Australian Tax Office.
In consideration for, and simultaneously with, the transfer to the Bidder of each Scheme Share held by each Scheme Shareholder under the terms of the Scheme, the Bidder undertakes in favour of the Target, in its own right and on behalf of each Scheme Shareholder, to provide, or procure the provision of, the Consideration to each Scheme Shareholder in respect of each Scheme Share held by that Scheme Shareholder in accordance with this Agreement, the Scheme and the Deed Poll.
For the avoidance of doubt, the total amount of consideration that the Bidder will receive for the issue of the New Bidder Shares to each Scheme Shareholder is an amount equal to the value attributed to the portion of the Scheme Shares to be acquired by the Bidder from that Shareholder in consideration for its provision of the total Scrip Consideration to that Shareholder.