Common use of Bonus Issues Clause in Contracts

Bonus Issues. If either RTL or RTP shall issue any Ordinary Shares credited as fully paid to ordinary shareholders by way of capitalisation of profits or reserves (including any share premium account or capital redemption reserve) other than by way of a scrip dividend, the Equalisation Ratio shall be adjusted by multiplying the element of the Equalisation Ratio relating to the Ordinary Shares of the issuing company by the following fraction: where:

Appears in 2 contracts

Sources: DLC Merger Sharing Agreement, DLC Merger Sharing Agreement (Rio Tinto PLC)

Bonus Issues. If either RTL or RTP shall issue any Ordinary Shares credited as fully paid to ordinary shareholders as a bonus issue including by way of capitalisation of profits or reserves (including any share premium account or capital redemption reserve) other than by way of a scrip dividend, the Equalisation Ratio shall be adjusted by multiplying the element of the Equalisation Ratio relating to the Ordinary Shares of the issuing company by the following fraction: where:

Appears in 1 contract

Sources: DLC Merger Sharing Agreement (Rio Tinto LTD)