Squeeze Out Procedures definition
Squeeze Out Procedures means the procedures set out in Chapter 2, Part 9 of the Irish Companies Act for the compulsory acquisition of any minority shareholders in an Irish company.
Squeeze Out Procedures means any step or transaction arising as a result or part of the implementation or completion of the procedures contained in sections 979-982 of the Companies Act pursuant to which the Borrower may acquire any remaining Target Shares.
Squeeze Out Procedures means the procedures set out in Chapter 3 of Part 28 of the Companies Act for the compulsory acquisition of minority shareholders in an English company.
More Definitions of Squeeze Out Procedures
Squeeze Out Procedures means the compulsory acquisition procedures set out in Chapter 3, Part 28 of the Companies Act 2006.
Squeeze Out Procedures means certain established procedures using a share consolidation or other method so that the Bidcos and Guarantor will be only shareholders and stock acquisition rights holders of the Target. Term Loan Agreement for NAVER J. Hub Corporation dated September 16th, 2020 Table of Contents
Squeeze Out Procedures means certain established procedures using a share consolidation or other method in order for QAON to make the Target a wholly-owned subsidiary.
Squeeze Out Procedures. ), conducted by means of a share consolidation carried out by the Target Company (the “Share Consolidation”) pursuant to Article 180 of the Companies Act (Act No. 86 of 2005, as amended; the “Companies Act”); (3) on the condition that the Share Consolidation becomes effective, in order to secure, among other things, the distributable amounts required to allow the Target Company to buy back the Shares Held by SBI Holdings (excluding any fractions of less than one share resulting from the Share Consolidation) (the “Stock Repurchase”), the funds for the Stock Repurchase; and the funds, required for the Target Company to purchase the total sum of fractional shares generated by the Target Company’s Share Consolidation (rounded down if the total sum includes fractions of less than one share; the same shall apply hereinafter) (i) will be provided to the Target Company by the Tender Offeror through a third party allotment of class shares (non-voting shares with a put option in exchange for common stock consideration) underwritten by the Tender Offeror (the “Financing”) (Note 2) and, (ii) pursuant to Article 447, Paragraph 1 and Article 448 Paragraph 1 of the Companies Act, there will be a decrease in the amounts of Target Company’s capital, capital reserves and retained earnings reserves (the “Capital Decrease, Etc.”) (Note 3); and (4) the Stock Repurchases. As a result of these transactions, it is intended that ultimately only the Tender Offeror and SMTB will be the sole shareholders of the Target Company (voting rights ratio: 50.00%:50.00%), and subject to the Shareholder Agreement (defined below), the Tender Offeror intends to make the Target Company a consolidated subsidiary of the Tender Offeror (in addition, the Target Company will become an equity-method affiliate of SMTB) in accordance with the control standards stipulated in Article 8, Paragraph 3 of the Regulations Concerning Terms, Forms and Preparation Method of Financial Statements, etc. (Ministry of Finance Ordinance No. 59 of 1963, as amended).
Squeeze Out Procedures means certain established procedures using a share consolidation or other method so that the Bidcos and Guarantor will be only shareholders and stock acquisition rights holders of the Target.