Examples of Tricom Class B Stock in a sentence
There are (a) 45,458,045 shares of Tricom Class A Stock currently issued and outstanding and 9,541,955 shares of Tricom Class A Stock currently unissued and (b) 19,144,544 shares of Tricom Class B Stock currently issued and outstanding and 5,855,456 shares of Tricom Class B Stock currently unissued.
As of the date hereof, Tricom has an authorized capital of RD$800,000,000 divided into 55,000,000 shares of Tricom Class A Stock and 25,000,000 shares of Tricom Class B Stock with a par value of RD$10.00 each.
Each share of Tricom Class B Stock has ten votes and each share of Tricom Class A Stock has one vote.
The Restructuring Dilution Transactions and other Dominican corporate actions contemplated by this Plan will include steps intended to terminate and/or amend Tricom’s current Shareholders’ Agreement, as necessary and/or appropriate, and to amend Articles 5 and 6 of Tricom’s existing by laws prior to implementation of such transactions in order to, among other things, allow the issuance of Tricom Class B Stock to Holding Company.
The table below sets forth certain information known to the Debtors as of approximately January 31, 2008 with respect to the beneficial ownership of the (i) Tricom Class A Stock (unless otherwise indicated) by each person who beneficially owns 5% or more of the Tricom Class A Stock and all officers and directors as a group and (ii) Tricom Class B Stock.
As soon as practicable following Holding Company’s acquisition of all or substantially all of the Tricom Stock pursuant to or as a result of the Restructuring Dilution Transactions, (i) Tricom will adopt its New Constituent Documents, which will provide for, among other things, one class of Tricom Stock, namely, Tricom Class A Stock; and (ii) Holding Company will convert all of its shares of Tricom Class B Stock into shares of Tricom Class A Stock.
The Restructuring Dilution Transactions and other Dominican corporate actions contemplated by the Plan will include steps intended to terminate and/or amend Tricom’s current Shareholders’ Agreement as necessary and/or appropriate, and to amend Articles 5 and 6 of Tricom’s existing by laws prior to implementation of such transactions in order to, among other things, allow the issuance of Tricom Class B Stock to Holding Company.
Tricom currently has an authorized capital of RD$800,000,000 (“Tricom’s Current Authorized Capital”), divided into 55,000,000 shares of Tricom Class A Stock and 25,000,000 shares of Tricom Class B Stock with a par value of RD$10.00 each.
Such amendment will maintain the number of shares of Tricom Class B Stock currently provided by Article 5 of Tricom’s bylaws, namely 25,000,000 shares, and provide that all new shares into which Tricom’s authorized capital is to be divided, including the Capital Increase Stock, will be shares of Tricom Class A Stock.
As soon as practicable following Holding Company’s acquisition of all or substantially all of the Tricom Stock pursuant to or as a result of the Restructuring Dilution Transaction, Tricom will convert all of its shares of Tricom Class B Stock into shares of Tricom Class A Stock.