Examples of Sirius Shares in a sentence
Convertible Bondholders who exercise this conversion right will not be entitled to the enhanced change of control conversion price and will receive the Offer Price for each Sirius Share they would otherwise have been entitled to on conversion, rather than the resulting Sirius Shares (as a result of amendments to Sirius’ articles of association proposed to be implemented as from the Effective Date).
The Sirius Shares are listed on the Official List.Sirius was previously quoted on the AIM market of the London Stock Exchange in 2005 and the Sirius Shares were admitted to trading to the Main Market of the London Stock Exchange on 28 April 2017.
As at 16 January 2020 (being the latest practicable date prior to publication of this announcement), there were 7,020,196,560 Sirius Shares in issue.
For the avoidance of doubt, any New Sirius Shares held by Polaris Jersey shall not be treated as New Sirius Cancelled Shares.
Pursuant to a royalty financing agreement dated 25 October 2016 entered into between Sirius, York Potash Limited, York Potash Processing & Ports Limited and Hancock British Holdings Limited ("Hancock”) (as amended by a side letter dated 13 September 2018) (together, the “Royalty Deed”), Hancock has a right to subscribe, and Sirius has an obligation to requireHancock to subscribe, for Sirius Shares subject to the terms and conditions of the Royalty Deed being satisfied (or waived by Hancock).
The outstanding Sirius Shares and shares of Sirius Preferred Stock have been duly authorized and are validly issued and outstanding, fully paid and nonassessable, and subject to no preemptive rights (and were not issued in violation of any preemptive rights).
All of the Sirius Shares converted into the right to receive New Sirius Shares pursuant to this Article II shall no longer be outstanding and shall automatically be cancelled and shall cease to exist as of the New Holdco Merger Effective Time.
All of the Sirius LTIP Units and Sirius Common Units converted into Sirius Shares in the Sirius LP Merger shall no longer be outstanding and shall automatically be cancelled and shall cease to exist as of the Sirius LP Merger Effective Time.
Convertible Bondholders who exercise this right will participate in the Scheme as holders of Sirius Shares and will receive the Offer Price for each Sirius Share then held; and/or• subject to completion of the Acquisition, to convert their Convertible Bonds during the period of 60 days following the Effective Date at the enhanced change of control conversion price.
At the New Holdco Merger Effective Time each Sirius Equity Award shall be assumed by New Sirius and be converted to an award in the same form with respect to New Sirius Shares (a “New Sirius Equity Award”), which converted awards shall continue to have the same terms and conditions as applied to such Sirius Equity Award immediately prior to the New Holdco Effective Time, and the Sirius Stock Plans shall be assumed by the New Holdco Surviving Corporation.