Threshold Shareholding definition
Threshold Shareholding means: (a) 3% of the issued, subscribed and paid-up share capital of the Company, if the shareholding of the Investor and/or its Affiliates in the Company reduces on account of any issue of Shares or other securities by the Company; or (b) 4% of the issued, subscribed and paid-up share capital of the Company, if the shareholding of the Investor and/or its Affiliates in the Company reduces on account of any sale of Shares by the Investor and/or its Affiliates;
Threshold Shareholding means the shareholding in Sovereign Foods necessary for CBH to approve the B-BBEE deal contemplated in clause 4 below; and
Threshold Shareholding means Shares representing not less than 10% of the entire issued share capital of the Company at the relevant time; and
Examples of Threshold Shareholding in a sentence
For the avoidance of doubt, if at the time that the relevant Reserved Matter is to be effected, the Continuing Shareholders in aggregate hold less than the Threshold Shareholding, then this Clause 6.1(a) to Clause 6.1(b) shall not apply.
The affirmative voting rights of the Promoters under this Clause 5.7.1, with respect to any of the matters set forth in Part-C of Schedule 8 shall cease to apply, (i) upon the Promoters collectively ceasing to hold at least the Threshold Shareholding, or (ii) upon an Event of Default having occurred, or (iii) upon expiry of the Exit Period, whichever is earlier.
More Definitions of Threshold Shareholding
Threshold Shareholding means a minimum threshold shareholding equal to 7.5% (seven point five percent) of total issued and paid up share capital of the Company on a Fully Diluted Basis, subject however to Clause 21.1.
Threshold Shareholding means (i) acquisition of 51% of the Current Share Capital of the Target Company through acquisition of Equity Shares from the Sellers pursuant to SHA and this Open Offer, or (ii) the acquisition of 51% of the Equity Shares of the Target Company on a Fully Diluted Basis consequent to acquisition of the Equity Shares from the Sellers through the SHA, the Preferential Issue pursuant to the SSA and this Open Offer.
Threshold Shareholding means 6% (six per cent) of the Share Capital, determined on a Fully Diluted Basis; provided that the shareholding of a Party shall be considered collectively with the shareholding of such Party’s Affiliate(s) holding Equity Securities, if any, for purposes of determining if the Threshold Shareholding is met by such Party.