Examples of Share Capital Increase in a sentence
The Share Capital Increase is subject to the approval of the Shareholders by way of an ordinary resolution at the EGM.
If shareholders approve the Share Capital Increase Amendment, such resolution shall include the granting of authorization to each civil law notary, candidate civil law notary and lawyer working with NautaDutilh N.V., our Dutch legal counsel, to execute the Dutch notarial deed of amendment to our articles of association in order to implement such resolution.VOTE REQUIREDThis proposal requires a simple majority of votes cast in favor of the proposal.
The loss of euro 462 in “Results carried forward” refers to Share Capital Increase tax from the share capital increase in a subsidiary company.
Amendments to the Articles The Company proposes to amend the Articles in order to carry out the Share Capital Increase and reflect the terms of the CPS.
Currently, i.e. after the Share Capital Increase Registration, the Notifying Party holds indirectly through entities controlled by the Notifying Party a total of 43,307,601 shares in the Company, representing approximately 74.04% of the shares in the Company's share capital and entitling to exercise 49,515,103 votes at the Company's general meeting, representing approximately 76.53% of the total votes at the Company's general meeting.
As a result of the Share Capital Increase approved in this resolution, the Board of Directors will be empowered to amend Article 6 of the Company's Articles of Association so as to indicate the new share capital figure, following the execution of such increase.
A request is expected to be made for all the New Shares issued by virtue of this Share Capital Increase to be listed for trading on the Madrid, Barcelona, Bilbao and Valencia securities exchanges (Bolsas de Valores) via Spain's Electronic Securities Trading System (Continuous Market).
Effect of the Proposed Amendment The approval and implementation of the Share Capital Increase Amendment will result in the increase of our authorized share capital from the amount of EUR 8,100,000 and divided into 45,000,000 common shares and 45,000,000 preferred shares to the amount of EUR 12,150,000 and divided into 67,500,000 common shares and 67,500,000 preferred shares.
The Share Capital Increase was made with the incorporation of share premium reserves, and the newly issued shares (5-for-1) were allocated without a monetary compensation to all shareholders registered in the shareholders' register of the Company as at 04 of January 2021 (Registration Date).
The condition presented by GI International s.r.l. for deferral of repayment is adoption and enforcement of the Share Capital Increase Resolution.