Examples of Selling Controlling Shareholder in a sentence
The Selling Controlling Shareholder shall not transfer the ownership of its shares before the Acquirer executes the Statement of Consent of Controlling Shareholder.
The Disposal of Company’s Control within 12 (twelve) months after the Company’s delisting from the Novo Mercado will require the Selling Controlling Shareholder and the Buyer, jointly and severally, to make a public tender offer to acquire the shares of the other shareholders at the price and on the conditions given to the Selling Controlling Shareholder for sale of its own shares, adjusted according to an appropriated index.
The Sale of Control of the Company, whether through a single operation or successive operations, shall be contracted under the precedent or resolutive condition whereby the Purchaser undertakes to make a public offering to purchase the shares of the other shareholders of the Company, pursuant to the conditions and timeframe set forth under the prevailing legislation and in the Level 2 Regulations, thus ensuring treatment equal to that extended to the Selling Controlling Shareholder.
Sale of Control of the Company, either through a single transaction or a series of transactions, shall be undertaken pursuant to a condition precedent that the Purchaser undertakes to carry out a public offering to acquire the common shares of the other Company shareholders, subject to the conditions and terms set forth in applicable law and in these Bylaws, in order to ensure them equal treatment given to the Selling Controlling Shareholder.
The Selling Controlling Shareholder cannot transfer title to his shares until the Buyer signs a Statement of Consent from Controlling Shareholders.