Examples of Tricom Stock in a sentence
All Unsecured Financial Claims that are not contributed by Holding Company to Tricom in exchange for Tricom Stock shall be forgiven by Holding Company and extinguished.
Given that no cash consideration will be paid by Holding Company for the issuance of the shares of Tricom Stock representing the Tricom Unissued Capital and Capital Increase, an independent third party appraiser, as required by applicable Dominican law (the “Verifying Officer”), shall be appointed to asses the fairness of the proposed transaction and issue the corresponding report.
Due to the foregoing, two shareholders’ meetings will be required to issue the shares of Tricom Stock representing the Tricom Unissued Capital and the Capital Increase to Holding Company.
Motorola holds approximately 32.3% of the voting power and 11.9% of the economic ownership of Tricom Stock.
Related Parties16Since Tricom’s formation in 1988, the majority voting power of the Tricom Stock has been under the control of Mr. Pellerano, members of his family and certain entities in which he and members of his family hold a controlling interest.
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 Claims comprising the Dominican Unsecured Financial Claims transferred to Holding Company shall be cancelled in accordance with the transactions described in Section 7.9 hereof in exchange for Tricom Stock.
In this case, an amount of Dominican Unsecured Financial Claims equal to the value of the shares of Tricom Stock representing the Tricom Unissued Capital and Capital Increase to be issued will be cancelled and/or capitalized as described below.
The following chart illustrates the ownership of Tricom Stock as of January 31, 2008.Class A13Class A % EconomicOwnershipClass BClass B % EconomicOwnershipTotal SharesOwnedTotal % EconomicOwnershipVoting ControlGFN Affiliated Shareholders17,453,87438.4%11,486,72060.0%28,940,59444.8%55.9%Motorola–0.0%7,657,81840.0%7,657,81811.9%32.3%Marino A.
In order to cancel the portion of the Dominican Holding Company Unsecured Financial Claims Portion relating to TCN, Holding Company will first capitalize such portion in exchange for shares of new Tricom Stock, in accordance with the transactions described in Sections 7.9(b) and (c) above.