Share Stapled Unit definition

Share Stapled Unit means the combination of the following securities or interests in securities which, subject to Clause 12, can only be dealt with together and may not be dealt with individually or one without the others:
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Share Stapled Unit means the combination of the following securities orinterests in securities which, subject to the Exchange Right, can only be dealt with together and may not be dealt with individually or one without the others:
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Share Stapled Unit means the combination of the following securities orinterests in securities which, subject to the Exchange Right, can only be dealt with together and may not be dealt with individually or one without the others: (a) a Unit in the Trust; (b) the beneficial interest in a specifically identified Ordinary Share Linked to the Unit and held by the Trustee-Manager as legal owner as trustee-manager of the Trust; and (c) a specifically identified Preference Share Stapled to the Unit."Share Stapled Units Register"shall mean the register of Registered Holders of Share Stapled Units to be maintained in accordance with clause 9.1 of the Trust Deed."Special Resolution"shall mean a resolution proposed and passed as such by a majority consisting of three-fourths or more of the total number of votes cast for and against such resolution at a meeting of members and includes a special resolution passed pursuant to Article 13.10."Stapled"shall mean attaching each Unit in the Trust to a specifically identified Preference Share so that one may not be dealt with without the other, in accordance with clause 3 of the Trust Deed and the other provisions of the Trust Deed; and "Stapling" shall be construed accordingly."Statutes"the Act and every other law of the Legislature of the Cayman Islands for the time being in force applying to or affecting the Company, its memorandum of association and/or these Articles."subsidiary"shall have the meaning attributed to such term in the Companies Ordinance, but interpreting the term "subsidiary" in accordance with the definition of "subsidiary" under the Listing Rules.
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Examples of Share Stapled Unit in a sentence

  • Persons registered as Joint Registered Holders of a Share Stapled Unit hold such Share Stapled Unit as joint tenants and not as tenants in common unless the Trustee-Manager otherwise agrees.

  • Notwithstanding anything to the contrary in this Deed, the Registrar, or where there is no Registrar, the Trustee-Manager, shall not be bound to register more than one person as the Registered Holder of any Share Stapled Unit or more than four persons as Joint Registered Holders of any Share Stapled Unit.

  • Only the person whose name appears first in the Share Stapled Units Register as one of the Joint Registered Holders of a Share Stapled Unit is entitled to delivery of any notices, cheque or other communications from the Trustee-Manager or the Company and any notice, cheque or other communication given to that person is deemed to be given to all Joint Registered Holders of the Share Stapled Units.

  • If the Issue Price of the Share Stapled Unit held by a Holder of Share Stapled Units has been fully paid, such Holder of Share Stapled Units, by reason alone of being a Holder of Share Stapled Units or a Unitholder, shall not be held personally liable to indemnify the Trustee-Manager in the event that the Trust Property is insufficient for the purposes of indemnifying the Trustee-Manager as provided in this Deed.

  • Share premium represents the excess of Share Stapled Unit issuing price over the nominal values of ordinary and preference shares, after deducting underwriting commissions and listing expenses pursuant to global offering that have been charged to equity.

  • Interim distribution per Share Stapled Unit of HK9.0 cents in 2018 is calculated based on interim distribution of HK$188,985,000 for the period and 2,099,083,438 Share Stapled Units as at 30 June 2018.

  • Based on the Trust and the Company’s closing price of HK$3.13 per Share Stapled Unit on 30 December 2016, this represented a discount of 44.6% to the Trust Group’s NAV.

  • Net Asset Value (“NAV”) per Share Stapled Unit of the Trust Group was HK$5.65 as at the end of 2016.

  • For the year ended 31 December 2018, the Trustee-Manager Board declared a final distribution of 20.12 cents per Share Stapled Unit (2017: 20.12 cents per Share Stapled Unit), amounting to $1,778 million (2017: $1,778 million), after the end of the reporting period.

  • Distribution yield based on HK25.5 cents of distribution per Share Stapled Unit and the Trust Company’s closing price of HK$3.13 on 30 December 2016 was 8.1%.


More Definitions of Share Stapled Unit

Share Stapled Unit means the combination of the following securities or interests in securities which, subject to the provisions in the Trust Deed, can only be dealt with together and may not be dealt with individually or one without the others:
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Related to Share Stapled Unit

  • Share Unit means either an RSU or a PSU, as the context requires.

  • Per Share Stock Consideration has the meaning set forth in Section 3.01(a)(i).

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Dividend Shares means any shares of Common Stock issuable in lieu of cash dividends paid or to be paid on the Series A Preferred.

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • Unit Share has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Restricted Unit means a Unit granted under the Plan that is subject to a Restricted Period.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Phantom Unit means a notional Unit granted under the Plan which upon vesting entitles the Participant to receive, at the time of settlement, a Unit or an amount of cash equal to the Fair Market Value of a Unit, as determined by the Committee in its sole discretion.

  • Deferred Share means a Share which by its terms of issue is a deferred share as defined in the Statutes and includes a permanent interest bearing share and a Core Capital Deferred Share;

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Plan Share Award means a right granted under this Plan to receive Plan Shares.

  • Dividend Equivalent Unit means the right to receive a payment, in cash or Shares, equal to the cash dividends or other cash distributions paid with respect to a Share.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • Designated Unit means information technology devices (e.g. hard disks or central processing units) identified by Licensee pursuant to this Agreement that have been officially made known to the public as appropriate for Use or interoperation with the Software.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Unit Award means a grant of a Unit that is not subject to a Restricted Period.

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Share, as awarded under the Plan.

  • Common Unit means a common unit representing a limited partner interest in the Partnership having the rights set forth in the Partnership Agreement.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Phantom means a volume of material behaving in a manner similar to tissue with respect to the attenuation and scattering of radiation. This requires that both the atomic number (Z) and the density of the material be similar to that of tissue.

  • Share Sale means the sale of (or the grant of a right to acquire or to dispose of) any of the shares in the capital of the Company (in one transaction or as a series of transactions) which will result in the purchaser of those shares (or grantee of that right) and persons Acting in Concert with him together acquiring a Controlling Interest in the Company, except where following completion of the sale the shareholders and the proportion of shares held by each of them are the same as the shareholders and their shareholdings in the Company immediately prior to the sale;[“Significant Transaction” means any transaction or series of transactions involving a transfer or licensing of some or all of the rights in relation to some or all of the assets of the Company, including without limitation licensing agreements and business and asset sale and purchase agreements pursuant to which the net payment(s) to the Company is at least £[insert];] [Note: to include for a Special Dividend][“Special Dividend” has the meaning set out in Article 4.13;] [Note: include if required]