Examples of Split Shares in a sentence
Guildhall is in the course of initiating an application for the listing of the Split Shares on the Toronto Stock Exchange.
Subject to adjustment as provided in Section 4(c) of the Plan, the aggregate number of Shares that may be issued under all Awards under the Plan shall be thirty five million (35,000,000) Shares which represents post Reverse Stock Split Shares.
The Split Shares will, upon allotment and issuance, rank pari passu in all respects with each other.
The Proposed Rights Issue of ICPS with Warrants involves the issuance of up to 2,044,266,157 ICPS together with up to 3,066,399,235 free Warrants D to be implemented on a renounceable basis of 2 ICPS together with 3 free Warrants D for every 6 Split Shares held by the Entitled Shareholders on the Entitlement Date at an issue price to be determined and announced by the Board at a later date.
Then, upon consummation of the Reverse Split and the GGEC Transaction, the number of warrant shares will be divided by 6 (resulting in 40,833 post-Reverse Split Shares) and the exercise price will be multiplied by 6 (resulting in an exercise price of $0.50 per share).
Glacier delivered to each stockholder of record on May 9, 1997, an additional stock certificate, representing the additional shares of Common Stock that they were entitled to receive pursuant to the declaration of the Stock Split (collectively, the "Stock Split Shares"), and paid cash to each stockholder who otherwise would have been entitled to receive a fractional share.
Pursuant to the Merger, each share of Glacier Common Stock, including each of the Stock Split Shares and Option Shares, will be converted into one share of GB Common Stock and the shares of GB Common Stock held by Glacier will be canceled.
The Split Shares shall rank pari passu in all respects with one another.
Notwithstanding this, Shareholders should note that the Proposed Share Split is not expected to alter the total value of the Split Shares held by them.
Upon completion of the Proposed Share Split, the Company will have an issued share capital of RM86,965,549 comprising 6,132,798,471 Split Shares.