Examples of Share Cancellation in a sentence
Sponsor hereby agrees that following the consummation of the Share Cancellation but immediately prior to the Second Merger Effective Time and subject to consummation of the Second Merger, 2,050,000 SPAC Private Placement Warrants held by Sponsor shall be transferred to the Company Shareholders for no consideration and effective as of the Second Merger Effective Time.
Following the transition, holdings in distribution share classes of the Goldman Sachs Euro Liquid Reserves Fund and Goldman Sachs Yen Liquid Reserves Fund have been migrated to accumulation share classes on 18 March 2019 in order to comply with the announcement made by various European regulatory bodies, including the Central Bank of Ireland relating to the use of Share Cancellation, which is no longer permissible.
Section 5 Paid in Other Capital Share Share Cancellation Legal Status Extraordinary Other Current PeriodNet Profit / Prior PeriodNet Profit / Marketable Securities Value Increase Tangible and Intangible Assets Revaluation Bonus Shares Obtained from Associates,Subs and Jointly Controlled Hedging Revaluation Surplus on AssetsHeld for sale and on Disc.
Upon such execution and delivery of such documents by the Issuer, the Issuer will proceed with completing the applicable Share Cancellation Transaction and the validity of the proceeding will not be subject to question by any person including the Escrow Agent.
The Share Cancellation will involve a separate legal process in relation to Jardine Matheson and the wholly-owned subsidiaries through which Jardine Strategic holds its interest in Jardine Matheson.The origins of the current structure, in the form of cross-holdings in dual holding companies and majority interests in listed subsidiaries, lie in a series of restructurings in the 1980s.
On the Distribution Date, LQ Parent shall cause the Distribution Agent to distribute, on a pro rata basis, and in consideration for the LQ Parent Share Cancellation, all of the outstanding shares of CPLG Common Stock then owned by LQ Parent to holders of LQ Parent Common Stock on the Distribution Record Date, and to credit the appropriate number of such shares of CPLG Common Stock to book entry accounts for each such holder or designated transferee or transferees of such holder of CPLG Common Stock.
The purchase price for the Final Share Cancellation shall be the lower of (i) $0.19 per share and (ii) the last closing price before the Final Share Cancellation is completed.
The purchase price for the Second Share Cancellation shall be the lower of (i) $0.19 per share and (ii) the last closing price before the Second Share Cancellation is completed.
On the completion of a Share Cancellation Transaction, the Shareholder will cease to have any right to or in respect of the Escrow Shares to be sold in connection with such Share Cancellation Transaction except the right to receive, without interest, the purchase price for such Escrow Shares deposited with the Issuer’s banker.
The purchase price for the First Share Cancellation shall be the lower of (i) $0.19 per share and (ii) the last closing price before the First Share Cancellation is completed.