Examples of Second Record Date in a sentence
Shareholders who become Odd-lot Holders between the First Record Date and the Second Record Date will not be entitled to participate in the Odd-lot Offer.
If (i) the value of the Shares calculated on the First Record Date or Second Record Date fall below $300,000 or $850,000, respectively, and (ii) the Company has generated positive EBITDA (as defined below) in the fiscal year preceding the applicable record date, then the royalty payable effective each of the First Record Date and the Second Record Date will be increased, only to the extent of 15% of such positive EBITDA, payable in cash or settled by the issuance of Shares, at the option of the Company.
Odd-lot Offer TermsShareholders who are Odd-lot Holders on the First Record Date (being 30 March 2012) and who remain Odd-lot Holders on the Second Record Date (being the record date announced by the Directors when an Odd-lot Offer is declared) will be entitled to participate in an Odd-lot Offer in respect of their Odd-lots.
Availability of the Odd-lot OfferTo be eligible to participate in an Odd-lot Offer, in respect of his/her holding of Odd-lots, a Shareholder must be an Odd-lot Holder on the First Record Date and must remain an Odd-lot Holder on the Second Record Date.
For the purposes of the Odd-lot Offer, a CREST Odd-lot Holder who rematerialises their Ordinary Shares into certificated form between the First Record Date and the Second Record Date will be eligible to participate in the Odd-lot Offer.
If a certificated Odd-lot Holder does not make an express election to retain their Odd-lot Holding, their share certificates will no longer be valid for trading after the Second Record Date (as defined above).
The cheques for the Second Dividend are expected to despatch on Wednesday, 22 June 2016 to those Shareholders whose names appear on the register of members of the Company at close of business on the Second Record Date, being Monday, 6 June 2016.FULFILLMENT OF ALL CONDITIONS TO THE LEASE EXTENSION SPECIAL DEALAll conditions to the Lease Extension Special Deal were fulfilled on 15 June 2016.
Resolution 2: Proposed capital reduction and distributionThis resolution seeks shareholder approval for a repayment to shareholders of US$0.10 per Share to be made in cash on each of the First Record Date and the Second Record Date, making US$0.20 per Share in total.The First Record Date and Second Record Date are specified in the resolution.If passed, the resolution will reduce the Company’s capital contribution reserves, which are part of the Company’s share premium account.
For administrative reasons, Odd-lot Holdings which are transferred between the UK Register and SA Branch Register between the First Record Date and the Second Record Date are not eligible to participate in the Odd- lot Offer.
The FirstRecord Date and Second Record Date are specified in the resolution.