Summit Shares definition

Summit Shares has the meaning set forth in the recitals to this Agreement.
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Summit Shares has the meaning set forth in ss. 3(b).
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Summit Shares means shares of the Common Stock, par value $.01 per share, of Summit.
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Examples of Summit Shares in a sentence

  • Such Scheme Shareholders wishing to deposit their New Summit Shares electronically with DTC will need to contact their brokers to arrange for deposit of those shares following receipt of their statement providing evidence of ownership.

  • Temporary documents of title will not be issued and transfer of New Summit Shares by such Scheme Shareholders will not be permitted until they receive their statement providing evidence of ownership and effect such transfer in accordance with the directions on such statement.

  • Persons registered as holding Old Summit ADSs at the effective date set by the Depositary will be entitled to receive one New Summit Share for every five underlying Old Summit Shares.

  • New Summit will in turn issue New Summit Shares to former Old Summit Shareholders on a one-for-five basis.

  • The New Summit Shares to be issued pursuant to the Scheme will have a par value of US$0.01 each.

  • Unlike Old Summit Shares, New Summit Shares are not capable of being held, transferred or settled directly through the CREST settlement system.

  • Registered holders of uncertificated Old Summit ADSs will have New Summit Shares registered in their names and their Old Summit ADSs will be cancelled.

  • It is proposed that the Old Summit Articles be amended so as to ensure that any Old Summit Shares which are issued after the General Meeting but prior to the Scheme Record Time will be subject to and bound by the Scheme.

  • The New Summit Shares will not be registered under the US Securities Act or under the securities laws of any state or other jurisdiction of the United States.

  • The last time for registration of transfers of Old Summit Shares is expected to be 5.00 p.m. on 17 September 2020 and 5.00 p.m. (New York time) on 17 September 2020 in respect of the Old Summit ADSs. These dates may be deferred if it is necessary to adjourn any meetings required to approve the arrangements described in this document or if there is any delay in obtaining the Court’s sanction of the Scheme or its confirmation of the Old Summit Reduction of Capital.


More Definitions of Summit Shares

Summit Shares means (i) any Capital Stock acquired by any Summit Stockholder and (ii) any equity securities issued or issuable directly or indirectly with respect to the Capital Stock referred to in clause (i) above by way of stock dividend or stock split or in connection with a combination of stock, recapitalization, merger, consolidation or other reorganization, or, in each case, any comparable transaction.
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Summit Shares means (i) any Capital Stock acquired by any Summit Stockholder and (ii) any equity securities issued or issuable directly or indirectly with respect to the Capital Stock referred to in clause (i) above by way of stock dividend or stock split or in connection with a combination of stock, recapitalization, merger, consolidation or other reorganization, or, in each case, any comparable transaction. Notwithstanding the foregoing, for purposes of this Agreement, a "majority of the Summit Shares" shall mean a majority of each of (a) the Common Stock held by all Summit Stockholders and (b) the Preferred Stock held by all Summit Stockholders.
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Related to Summit Shares

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Unit Shares means the Common Shares comprising part of the Units;

  • Common Shares means the common shares in the capital of the Company;

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Equity Shares shall have the meaning attributed to such term in the recitals of this Agreement.

  • Company Shares means the common shares in the capital of the Company;

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Amalco Shares means common shares in the capital of Amalco;

  • sweat equity shares means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called;

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Newco Shares means common shares in the capital of Newco;

  • Additional Shares of Common Stock means all shares of Common Stock issued (or, pursuant to Subsection 4.4.3 below, deemed to be issued) by the Corporation after the Series B Original Issue Date, other than (1) the following shares of Common Stock and (2) shares of Common Stock deemed issued pursuant to the following Options and Convertible Securities (clauses (1) and (2), collectively, “Exempted Securities”):

  • Ordinary Shares means the ordinary shares, par value $0.0001 per share, of the Company.

  • Company Units has the meaning set forth in the Recitals.

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • New Ordinary Shares means the new Ordinary Shares arising on Conversion of the C Shares;

  • A Ordinary Shares means the ‘A’ ordinary shares of £1.00 each in the capital of the Company;

  • Common Stock means the common stock of the Company.

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Public Shares means the Ordinary Shares included in the Units issued in the Public Offering; (vi) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (viii) “Charter” shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time.

  • Investor Shares shall have the meaning given in the Recitals hereto.

  • Acquisition Shares means the shares of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.