Stapled Securities definition
Examples of Stapled Securities in a sentence
If additional Receipts are not so distributed, each American Depositary Share shall thenceforth also represent the additional Stapled Securities distributed upon the Deposited Securities represented thereby.
Upon the written request of an Owner of a Receipt on that record date, received on or before the date established by the Depositary for that purpose, the Depositary shall endeavor, in so far as practicable, to vote or cause to be voted the amount of Stapled Securities or other Deposited Securities represented by the American Depositary Shares evidenced by that Receipt in accordance with the instructions set forth in that request.
Every such person shall also be deemed to represent that the deposit of such Stapled Securities and the sale of Receipts evidencing American Depositary Shares representing such Stapled Securities by that person are not restricted under the Securities Act of 1933.
Such representations and warranties shall survive the deposit of Stapled Securities and issuance of Receipts.
Such delivery will be made at the option of the Owner hereof, either at the office of the Custodian or at the Corporate Trust Office of the Depositary, provided that the forwarding of certificates for Stapled Securities or other Deposited Securities for such delivery at the Corporate Trust Office of the Depositary shall be at the risk and expense of the Owner hereof.