Penny Share definition

Penny Share means an Investment in respect of which, at the time of the transaction, the selling price is at least 10% below the buying price, but it excludes Non-Readily Realisable Investments, government and public securities, FTSE-100 shares, stocks and shares of companies with a market capital at that time of at least £100 million.
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Examples of Penny Share in a sentence

  • Penny Share A readily realisable security in relation to which the bid-offer spread is 10 per cent or more of the offer price, but not (a) a government and public security; or(b) a share in a company quoted on The Financial Times Stock Exchange 100 Index; or(c) a security issued by a company which, at the time that the firm deals or recommends to the client to deal in the investment has a market capitalisation of £100 million or more (or its equivalent in any other currency at the relevant time).

  • Dell’s complaint asserted various causes of action, including fraud, breach of fiduciary duty, breach of the Separation Agreement, and breach of the Penny Share Agreement.

  • None of the Penny Share prices included the bid-offer spread in contravention of COB 3.9.24.

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  • The selected Penny Share prices taken were the highest price since recommendation and did not state when the highest price was reached.

  • Sell 50% of the EWS housing stock to DDA at a base cost prescribed by the latest CPWD index (plus cost of EWS parking) or actual cost whichever is less, at the time of actual handing over.

  • These breaches occurred even though the Firm's Compliance Manual included references to the fact that financial promotions should be clear, fair and not misleading; risk warning explanations should not be in very small print and at the end; and Penny Share advertisements should show the bid offer spread.

  • Part A of the Separation Agreement, titled “Stock Option Agreements,” set out Rodriguez’s “amended rights” regarding (1) the Penny Share Agreement, (2) a June 1994 SOA, and (3) his deferred bonus stock.

  • As we decide that Dell’s claim under the Penny Share Agreement is time-barred, we need not address Rodriguez’s argument that the merger clause in the Separation Agreement caused the PSA’s “clawback” provision to be replaced by remedies in the Separation Agreement.

  • We address below Dell’s contention that its claim for breach of the PSA is founded on Rodriguez’s refusal to return his profits from the penny shares.Agreement is not time-barred.2. Penny Share Agreement Rodriguez likewise contends that, under Dell’s theory of the case, he breached the PSA when the Valero contract was backdated in 1997 and when the irregularities with the vendor transactions occurred.

Related to Penny Share

  • Company Share means one share of common stock of the Company, $0.01 par value per share.

  • Per Share Merger Consideration has the meaning set forth in Section 3.1(a).

  • equity share means any share of any class of shares of a company carrying voting rights under all circumstances and any share of any class of shares carrying voting rights by reason of the occurrence of any contingency that has occurred and is continuing; (“action participante”)

  • Merger Consideration has the meaning set forth in Section 3.1(a).

  • Per Share Cash Consideration has the meaning set forth in Section 3.01(a)(ii).

  • Common Stock Consideration has the meaning set forth in Section 1.6(b).

  • Stock Consideration has the meaning set forth in Section 2.01(c).

  • Total Merger Consideration has the meaning set forth in Section 2.2(a).

  • Per Share Stock Consideration has the meaning set forth in Section 3.01(a)(i).

  • Initial Merger Consideration has the meaning set forth in Section 2.2(a).

  • Capital Share means a share of any class or series of stock of the General Partner now or hereafter authorized other than a REIT Share.

  • Common Share means one share of the common stock of the Company.

  • Acquisition Consideration means the purchase consideration for any Permitted Acquisition and all other payments by Borrower or any of its Subsidiaries in exchange for, or as part of, or in connection with, any Permitted Acquisition, whether paid in cash or by exchange of Equity Interests or of properties or otherwise and whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and includes any and all payments representing the purchase price and any assumptions of Indebtedness, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any person or business; provided that any such future payment that is subject to a contingency shall be considered Acquisition Consideration only to the extent of the reserve, if any, required under GAAP at the time of such sale to be established in respect thereof by Borrower or any of its Subsidiaries.

  • Cash Merger Consideration has the meaning set forth in Section 2.2(a).

  • Per Share Consideration means (i) if the consideration paid to holders of the Common Stock consists exclusively of cash, the amount of such cash per share of Common Stock, and (ii) in all other cases, the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable event. If any reclassification or reorganization also results in a change in shares of Common Stock covered by subsection 4.1.1, then such adjustment shall be made pursuant to subsection 4.1.1 or Sections 4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In no event will the Warrant Price be reduced to less than the par value per share issuable upon exercise of the Warrant.

  • Aggregate Merger Consideration has the meaning set forth in Section 2.1(a).

  • Unit Share means a Common Share comprising part of each Unit;

  • Per Share Cash Amount for purposes of this Section 2(b) means an amount equal to the sum of (I) the average of the closing price of the Common Stock for the 20 trading days immediately preceding the date of the Change in Control and (II) any cash dividend payable on a share of Common Stock during the 20 trading-day period described in the foregoing. If settlement of the Performance Share Units may not be made within the period specified in this Section 2(b) due to the limitation in Section 14(t)(iii)(A) of the Plan, such settlement shall be made in accordance with Section 5 of the Agreement.

  • Base Merger Consideration has the meaning set forth in Section 3.1(a).

  • Ordinary Share means a Class A Ordinary Share or a Class B Ordinary Share;

  • Final Merger Consideration has the meaning set forth in Section 2.10(b)(ii)(D).

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

  • Cash Consideration has the meaning set forth in Section 2.2.

  • Merger Sub Common Stock means the shares of common stock, par value $0.001 per share, of Merger Sub.

  • Aggregate Stock Consideration means a number of shares of Acquiror Common Stock equal to the quotient obtained by dividing (i) (x) the Base Purchase Price less (y) the Aggregate Cash Consideration, by (ii) $10.00.

  • Fully Diluted Share Number means the aggregate sum of: (i) the number of shares of Company Common Stock issued and outstanding immediately prior to the Effective Time; (ii) the number of shares of Company Common Stock issuable upon the voluntary conversion of all of the shares of Company Preferred Stock issued and outstanding immediately prior to the Effective Time into Company Common Stock and (iii) the number of shares of Company Common Stock issuable upon exercise of all Stock Options.