Examples of Series D Shares in a sentence
Each Series D Share will convert into one share of our common stock at any time at the option of the holder of the Series D Shares or will be converted at the option of the Company at any time the trading price of our common stock is at least $4.50 per share for ten consecutive trading days.
The Company’s share capital increase was effected by the issue of not more than 1,101,445 ordinary series D bearer shares of the nominal value of PLN 0.20 each.The Series D Shares were taken exclusively for cash contributions before the registration of the share capital increase made by the Series D Share issue.
A reduced trailing commission is paid to discount brokerages in respect to Series D Shares which means a lower management fee can be charged.
Under the Switch Fund Rules, a switch of Series A Shares, Series F Shares, Series I Shares, Series D Shares, Series XA Shares or Series XF Shares of the Company to Series A Shares, Series F Shares, Series I Shares, Series D Shares, Series XA Shares or Series XF Shares, as applicable, of a different class of shares of the Company will constitute a disposition of such shares for purposes of the Tax Act.
Therefore, none of the Series C Shares were converted into Series D Shares on June 30, 2017.