Examples of Share Scheme Consideration in a sentence
The consideration to be provided by the Bidder in respect of each Scheme Share is the issue of 1.1225 Consideration Shares per Scheme Share (Scheme Consideration).
The Company will propose a scheme of arrangement under which all the Scheme Shares are transferred to Unilife Corporation and Scheme Shareholders will be entitled to receive the Share Scheme Consideration.
Xplore Shareholders (other than Foreign Scheme Shareholders) can make an Election to choose the form of their Share Scheme Consideration (as described in this section 6 of the Scheme Booklet) by completing the Election Form that accompanies this Scheme Booklet in accordance with any instructions on the Election Form.
Subject to the Scheme becoming Operative, Scheme Participants will receive the Per Share Scheme Consideration for each Scheme Share held by them on the Scheme Consideration Record Date.
The implied value of the scrip element of the Share Scheme Consideration and premium will shift with movements in HUB24’s share price up until the Implementation Date.
Further information about the value of the Share Scheme Consideration is set out in section 6.2 of this Scheme Booklet.
Small Shareholders will have their Share Scheme Consideration paid only in cash.More details on Small Shareholders is set out in section 6.4 of this Scheme Booklet.1.3 Scheme Conditions Implementation of the Schemes is subject to a number of Scheme Conditions which must be satisfied or waived (where capable of waiver) before the Schemes can be implemented.
Under the Proposed Transaction, instead of the Default Consideration, eligible Xplore Shareholders have the choice of receiving their Share Scheme Consideration in the following forms (subject to scale back mechanisms):• receive all their Scheme Consideration in cash (Maximum Cash Election); or• receive all their Scheme Consideration in new HUB24 shares (Maximum Scrip Election).
Subject to clause 2, the Bidder undertakes in favour of each Scheme Shareholder to provide or procure the provision of the Share Scheme Consideration to each Scheme Shareholder in accordance with the terms of the Share Scheme.
The Xplore Directors note that this risk is in part mitigated by the inclusion of a significant cash portion in the Share Scheme Consideration (capped at up to 60%) and also note that Xplore Shareholders could realise the full value of their Xplore investment of cash via a sale on-market, although they may not receive the equivalent $0.20 of the Share Scheme Consideration and brokerage fees may apply.