Examples of SIHNV Shares in a sentence
One or more of the Upington Claimants assert a Claim against SIHNV in respect of SIHNV Shares (the “Upington 2 Shares”) that: (i) had been acquired by Thibault pursuant to the Scheme of Arrangement in exchange for certain SIHPL Shares for which Thibault had subscribed in November 2014 (the “Thibault SIHPL Shares”);(ii) were then transferred by Thibault to Upington; and (iii) were then (to the extent of some but not all of them) pledged by Upington to the Upington Margin Lenders, by way of security.
Conversely, other claimants have asserted liability for SIHPL in respect of SIHNV Shares purchased following the Scheme of Arrangement, on the alleged basis that SIHPL remained responsible for some period of time for its historical financial statements that remained in the public domain.
In this context, the settlement of MPC Relevant Claims, whether they be SIHPL MPC Relevant Claims or SIHNV MPC Relevant Claims, is proposed on the basis that the compensation for all such claims should be determined according to the same claims determination and valuation methodology, regardless of whether such claims Claims derive from purchases of SIHPL Shares or SIHNV Shares and, therefore, regardless of which of the estates carries a contingent liability in respect of any given Claim.
It is important for key stakeholders with interests in both estates, including Financial Creditors and those who hold MPC Relevant Claims deriving from purchases of both SIHPL Shares and SIHNV Shares, that there is an overall compromise in respect of all of their claimsClaims.
It is important for key stakeholders with interests in both estates, including Financial Creditors and those who hold MPC Relevant Claims deriving from purchases of both SIHPL Shares and SIHNV Shares, that there is an overall compromise in respect of all of their claims.
In this context, the settlement of MPC Relevant Claims, whether they be SIHPL MPC Relevant Claims or SIHNV MPC Relevant Claims, is proposed on the basis that the compensation for all such claims should be determined according to the same methodology, regardless of whether such claims derive from purchases of SIHPL Shares or SIHNV Shares and, therefore, regardless of which of the estates carries a contingent liability in respect of any given Claim.
In order for a person to qualify as holding an SIHNV MPC Relevant Claim, they must have purchased SIHNV Shares on the open markets prior to 5 December 2017 c.o.b. and continued to hold those shares until 5 December 2017 c.o.b., regardless of whether that person has sold or otherwise lost ownership of those shares after 5 December 2017 c.o.b.65 The holder of an SIHNV MPC Relevant Claim is therefore a creditor, but not necessarily a (current) shareholder of SIHNV.
It is important for key stakeholders with interests in both estates, including Financial Creditors and those who hold MPC Relevant Claims deriving from purchases of both SIHPL Shares and SIHNV Shares, that there is an overall compromise in respect of all of their Claims.
In order for a person to qualify as holding an SIHNV MPC Relevant Claim, they must have purchased SIHNV Shares on the open markets prior to 5 December 2017 c.o.b. and continued to hold those shares until 5 December 2017 c.o.b., regardless of whether that person has sold or otherwise lost ownership of those shares after 5 December 2017 c.o.b.54 The holder of an SIHNV MPC Relevant Claim is therefore a creditor, but not necessarily a (current) shareholder of SIHNV.