Examples of Takeover Scheme in a sentence
The subject of claim 8, wherein said threshold parameters α, β, and γ are defined as α = about 5, β = about 7.5, γ= about 1.5. 35 10.
Since Bidvest Group is the controlling shareholder of Bidvest Namibia with a shareholding of 66.024%, no Competition Commission approval is required to implement the Take-over Scheme, i.e. for Bidvest Group to increase its shareholding to 100% in Bidvest Namibia.
Notwithstanding rules 4.1(e) and 4.2, a transfer giving effect to a contract resulting from the acceptance of an offer made under a Proportional Takeover Scheme must not be registered unless and until a Prescribed Resolution to approve the Proportional Takeover Scheme has been passed or is taken to have been passed in accordance with rule 14.3.
Since the Take-over Scheme falls within the ambit of a related party transaction, approval of the Delisting Resolution must be resolved upon at a duly constituted General Meeting of Bidvest Namibia, by more than 50% of all shareholders present or represented by proxy at the General Meeting, excluding any controlling shareholder (i.e. Bidvest Group), its associates, and any party acting in concert, and/or any other party which the NSX deems appropriate, all of whose votes may not be counted.
Fractions of New Pantoro Shares will not be issued to Takeover Scheme Shareholders.