Partial Share Alternative Sample Clauses
Partial Share Alternative. Under the Partial Share Alternative, eligible Hotel Chocolat Shareholders may elect, in respect of some or all of their Hotel Chocolat Shares (subject to any such election being in respect of at least the Minimum Rollover Threshold), to receive, in lieu of the Cash Offer to which they are otherwise entitled:
Partial Share Alternative. As an alternative to the Cash Consideration to which they would otherwise be entitled under the Transaction, SABMiller Shareholders may elect to receive a combination of Restricted Shares and cash in respect of all (but not part only) of their holding of UK Scheme Shares, in each case subject to the terms and conditions of the Partial Share Alternative, full details of which will be set out in the UK Scheme Document and the Form of Election. Under the terms of the Transaction, the holders of UK Scheme Shares on the register of members of SABMiller at the UK Scheme Record Time who validly elect for the Partial Share Alternative will receive:
Partial Share Alternative. For the reasons described below, the Hotel Chocolat Directors are not making any recommendation to holders of Hotel Chocolat Shares in relation to the Partial Share Alternative. In considering the terms of the Partial Share Alternative, Lazard, Liberum and the Hotel Chocolat Directors have identified certain key disadvantages and advantages of electing for the Partial Share Alternative outlined below: