Redeemable Preference Shares Sample Clauses

Redeemable Preference Shares. Subject to the provisions of these Articles and of the Act, the Company shall have power to issue preference Shares which may, at the option of the Company, be liable to be redeemed out of the profits or out of the proceeds of a fresh issue of Shares made for the purposes of such redemption. The Board may, subject to the provisions of Section 55 of the Act and the Companies (Share Capital and Debenture) Rules, 2014, exercise such power in such manner as it may think fit.
Sample 1
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Redeemable Preference Shares. Maximum face value : HK$474.72 million, assuming (a) the Successful Scenario occurs; (b) the amount Y as calculated above and to be paid is zero; and (c) all Scheme Creditors opt for the Redeemable Preference Share option under the Schemes Subscription price : HK$1.00 per Redeemable Preference Share Maximum number of Redeemable Preference Shares to be issued : 474,720,737 Redeemable Preference Shares Non-cumulative Preference dividend : Each Redeemable Preference Share will confer on the holder thereof the right to receive a non-cumulative fixed preferential dividend at the rate of not more than 0.2% per annum of the subscription price out of profits of the Company available for distribution under the applicable laws and regulations, and the finalised rate shall be determined by the Company at its sole and absolute discretion taking into account the general business conditions and strategies of the Company and any other factors it may deem relevant. Repayment of capital upon winding up : In the event of liquidation of the Company, the holders of the Redeemable Preference Shares will be paid out of the assets of the Company legally available for distribution to its members an amount equal to the redemption price before any distribution is made to holders of any ordinary Shares. Redemption right : The Redeemable Preference Shares may be redeemed at the option of the holder or the Company after five (5) years of their issue. Redemption price : Face value of the Redeemable Preference Shares multiplied by the Scheme Distribution Rate, which gives a maximum total redemption amount of HK$100.00 million (or in the case that the redemption rights are exercised by the Company, such higher rate of not more than 5% above the Scheme Distribution Rate as determined at the sole and absolute discretion of the Company) Conversion rights : The Redeemable Preference Shares shall not confer on the holder of the Redeemable Preference Shares any right to convert the Redeemable Preference Shares into any ordinary Shares. Voting rights : The Redeemable Preference Shares shall not confer on the holder of the Redeemable Preference Shares any right to receive notices of, or to attend or vote at any meeting of the Company. Application for listing : No application for the listing of the Redeemable Preference Shares will be sought from the Stock Exchange or any other stock exchange. As at the date of this announcement, none of the Scheme Creditors has indicated its intention to elect a...
Sample 1
Redeemable Preference Shares. The term “
Sample 1
Redeemable Preference Shares. 7.1 In addition to the Redeemable Preference Shares issued at or before Closing to 7LCPEELP and the Investor, the Company will also issue from time to time and allot to the Investor or 7LCPEELP Redeemable Preference Shares at an issuance price of EUR1.00 per share for each EUR1.00 that Investor or 7LCPEELP actually invests from time to time.
Sample 1

Related to Redeemable Preference Shares

  • Liquidation Preference (a) In the event of any voluntary or involuntary liquidation, dissolution or winding-up of the Partnership, before any payment or distribution of the assets of the Partnership (whether capital or surplus) shall be made to or set apart for the holders of Common Units or any other partnership interests in the Partnership or Units ranking junior to the Series B Preferred Units as to the distribution of assets upon the liquidation, dissolution or winding-up of the Partnership, the holders of the Series B Preferred Units shall, with respect to each such Unit, be entitled to receive, out of the assets of the Partnership available for distribution to Partners after payment or provision for payment of all debts and other liabilities of the Partnership, an amount equal to the greater of (i) $50.00, plus an amount equal to all distributions (whether or not earned or declared) accrued and unpaid thereon to the date of final distribution and (ii) the amount that a holder of such Series B Preferred Unit would have received upon final distribution in respect of the number of Common Units into which such Series B Preferred Unit was convertible immediately prior to such date of final distribution (but no amount shall be paid in respect of the foregoing clause (ii) after the Fifteenth Anniversary Date) if, upon any such voluntary or involuntary liquidation, dissolution or winding-up of the Partnership, the assets of the Partnership, or proceeds thereof, distributable among the holders of the Series B Preferred Units are insufficient to pay in full the preferential amount aforesaid on the Series B Preferred Units and liquidating payments on any other Units or partnership interests in the Partnership of any class or series ranking, as to payment of distributions and amounts upon the liquidation, dissolution or winding-up of the Partnership, on a parity with the Series B Preferred Units, then such assets, or the proceeds thereof, shall be distributed among the holders of Series B Preferred Units and any such other Units or partnership interests in the Partnership ratably in accordance with the respective amounts that would be payable on such Series B Preferred Units and such other Units or partnership interests in the Partnership if all amounts payable thereon were paid in full. For the purposes of this Section 6, none of (i) a consolidation or merger of the Partnership with or into another entity, (ii) a merger of another entity with or into the Partnership or (iii) a sale, lease or conveyance of all or substantially all of the Partnership’s assets, properties or business shall be deemed to be a liquidation, dissolution or winding-up of the Partnership.

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