Examples of Special Cash Dividend in a sentence
In the event of any other recapitalization or capital reorganization of the Company, any consolidation or merger of the Company with another corporation or entity, the adoption by the Company of any plan of exchange affecting Stock or any distribution to holders of Stock of securities or property (other than an ordinary dividend, but including a Special Cash Dividend), the Board shall make adjustments to outstanding Awards.
Cash Dividends are not adjusted in the Price Return version of the Index while Special Cash Dividend payments and other distributions are included in the Index.
Notwithstanding the foregoing, with respect to SARs and Options that are not Incentive Options, the adjustment made by the Board in respect of a Special Cash Dividend will solely be a downward adjustment to the Grant Price (i.e., the Grant Price shall be reduced by the dollar amount of the Special Cash Dividend).
Corporate Action Adjustments Special Cash Dividend: WhereAPi,t = P i,t-1 - Di,tt = Index Valuation Date (t) is ex-date for corporate action.Di,t = Dividend amount corresponding to stock (i) with ex-date (t).
The Special Cash Dividend will be paid to the MEL Shareholders at the same time with the Proposed Distribution.
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PROPOSED SPECIAL CASH DIVIDEND In connection with the Disposal and subject to the satisfaction of the Special Cash Dividend Conditions, the Company proposes to pay the Special Cash Dividend of RMB10.6 cents (equivalent to approximately HK11.6 cents) per Share to the Shareholders whose names appear on the register of members of the Company on the Record Date.
The aggregate amount of the Special Cash Dividend is expected to be approximately RMB1,003.4 million (based on the total number of issued Shares as at the date of this announcement and assuming there are no changes to the Company’s share capital up to and including the Record Date).
The Distribution In Specie and the payment of the Special Cash Dividend were approved by the independent shareholders of the Company on 9 July 2012 and reflected as appropriations of reserves upon distribution/payment on 16 July 2012.
On 9 July 2012, the ordinary resolutions on the Group Reorganisation, the Distribution In Specie and the Special Cash Dividend were passed by the independent shareholders of the Company at an extraordinary general meeting of the Company.