Common use of Preferred Shares Purchasable Upon Exercise of Rights Clause in Contracts

Preferred Shares Purchasable Upon Exercise of Rights. After the Distribution Date, each Right will entitle the holder to purchase, for the Exercise Price, one one-thousandth of a Preferred Share having economic and other terms similar to that of one Ordinary Share. This portion of a Preferred Share is intended to give the shareholder approximately the same dividend, voting and liquidation rights as would one Ordinary Share, and should approximate the value of one Ordinary Share. More specifically, each one one-thousandth of a Preferred Share, if issued, will: · not be redeemable; · entitle holders to quarterly dividend payments of $0.001 per share, or an amount equal to the dividend paid on one Ordinary Share, whichever is greater; · entitle holders upon liquidation either to receive $1 per share or an amount equal to the payment made on one Ordinary Share, whichever is greater; · have the same voting power as one Ordinary Share; · if the Ordinary Shares are exchanged via merger, consolidation or a similar transaction, will entitle holders to a per share payment equal to the payment made on one Ordinary Share.

Appears in 1 contract

Samples: Preferred Shares Rights Agreement (China Biologic Products Holdings, Inc.)

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Preferred Shares Purchasable Upon Exercise of Rights. After the Distribution Date, each Right will entitle the holder to purchase, for $14.00 (the Exercise Price”), one one-thousandth of a Series G Preferred Share having economic and other terms similar to that of one Ordinary Common Share. This portion of a Series G Preferred Share is intended to give the shareholder stockholder approximately the same dividend, voting and liquidation rights as would one Ordinary Common Share, and should approximate the value of one Ordinary Common Share. More specifically, each one one-thousandth of a Series G Preferred Share, if issued, will: · not be redeemable; · entitle holders to quarterly dividend payments of $0.001 per share, or an amount equal to the dividend paid on one Ordinary Common Share, whichever is greater; · entitle holders upon liquidation either to receive $1 1.00 per share or an amount equal to the payment made on one Ordinary Common Share, whichever is greater; · have the same voting power as one Ordinary Common Share; and · if the Ordinary Shares are exchanged via merger, consolidation or a similar transaction, will entitle holders to a per share payment equal to the payment made on one Ordinary ShareCommon Share if the Common Shares are exchanged via merger, consolidation or a similar transaction.

Appears in 1 contract

Samples: Tax Benefit Preservation Plan (Crossroads Systems Inc)

Preferred Shares Purchasable Upon Exercise of Rights. After the Distribution Date, each Right will entitle the holder to purchase, for the Exercise Price, one one-thousandth of a Preferred Share having economic and other terms similar to that of one Ordinary Common Share. This portion of a Preferred Share is intended to give the shareholder stockholder approximately the same dividend, voting and liquidation rights as would one Ordinary Common Share, and should approximate the value of one Ordinary Common Share. More specifically, each one one-thousandth of a Preferred Share, if issued, will: · not be redeemable; · entitle holders to quarterly dividend payments of $0.001 per share, or an amount equal to the dividend paid on one Ordinary Common Share, whichever is greater; · entitle holders upon liquidation either to receive $1 per share or an amount equal to the payment made on one Ordinary Common Share, whichever is greater; · have the same voting power as one Ordinary Common Share; · if the Ordinary Common Shares are exchanged via merger, consolidation or a similar transaction, will entitle holders to a per share payment equal to the payment made on one Ordinary Common Share.

Appears in 1 contract

Samples: Preferred Shares Rights Agreement (China Biologic Products, Inc.)

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Preferred Shares Purchasable Upon Exercise of Rights. After the Distribution Date, each Right will entitle the holder to purchase, for the Exercise Price, one one-thousandth of a Preferred Share having economic and other terms similar to that of one Ordinary Common Share. This portion of a Preferred Share is intended to give the shareholder stockholder approximately the same dividend, voting and liquidation rights as would one Ordinary Common Share, and should approximate the value of one Ordinary Common Share. More specifically, each one one-thousandth of a Preferred Share, if issued, will: · not be redeemable; · entitle holders to quarterly dividend payments of $0.001 per share, or an amount equal to the dividend paid on one Ordinary Common Share, whichever is greater; · entitle holders upon liquidation either to receive $1 per share or an amount equal to the payment made on one Ordinary Common Share, whichever is greater; · have the same voting power as one Ordinary Common Share; · if the Ordinary Common Shares are exchanged via merger, consolidation or a similar transaction, will entitle holders to a per share payment equal to the payment made on one Ordinary Common Share.

Appears in 1 contract

Samples: Preferred Shares Rights Agreement (China Biologic Products, Inc.)

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