Examples of Augean Shares in a sentence
The Resolutions to be proposed at the General Meeting will, amongst other matters, provide that the Augean Articles be amended to incorporate provisions requiring any Augean Shares issued after the Scheme Record Time (other than to Bidco and/or its nominees) to be automatically transferred to Bidco on the same terms as the Offer (other than terms as to timings and formalities).
Furthermore, if such offer is made and sufficient acceptances of such offer are received, when aggregated with Augean Shares otherwise acquired by Bidco, it is the intention of Bidco to apply the provisions of section 979 of the Companies Act to acquire compulsorily any outstanding Augean Shares to which such offer relates.
Further, if sufficient acceptances of such Takeover Offer are received and/or sufficient Augean Shares are otherwise acquired, it is the intention of Bidco to apply the provisions of the Companies Act to acquire compulsorily any outstanding Augean Shares to which such Takeover Offer relates.
If Bidco is required by the Panel to make an offer or offers for Augean Shares under the provisions of Rule 9 of the Code, Bidco may make such alterations to the Conditions as are necessary to comply with the provisions of that Rule.
Bidco has received irrevocable undertakings to vote (or, where applicable, procure voting) in favour of the Scheme at the Court Meeting and to vote (or, where applicable, procure voting) in favour of the Resolutions to be proposed at the General Meeting, from all Augean Directors who hold interests in Augean Shares in respect of such beneficial holdings of 4,789,732 Augean Shares (in aggregate, representing approximately 4.56 per cent.
Augean Shareholders who hold fewer than 25 Scheme Shares (or, if the Offer is implemented by way of a Takeover Offer, Augean Shares to which the Takeover Offer relates) will not receive any CVRs. Eligible Augean Shareholders are strongly advised to read paragraph 3 of this announcement in full.If the net proceeds of the Outstanding Tax Claims are £100,000 or less, no Loan Notes will be issued and, in these circumstances, Augean Shareholders will not receive any additional consideration under the CVR.
Augean DirectorsThe following Augean Directors who hold Augean Shares have given irrevocable undertakings to vote in favour of, or accept, the Offer in respect of the following Augean Shares, in which they or their family members and connected persons are beneficially interested, representing, in aggregate, approximately 4.56 per cent.
Letters of IntentHargreave Hale Limited (on behalf of Marlborough UK Micro-Cap Growth Fund) has provided a non- binding letter of intent to vote in favour of the Scheme at the Court Meeting and the Resolutions to be proposed at the General Meeting (or in the event that the Offer is implemented by way of a Takeover Offer, to accept or procure acceptance of such Takeover Offer) in respect of 12,500,000 Augean Shares, representing approximately 11.91 per cent.
Calculated on the basis of 100% of Augean Shares APPENDIX 5DEFINITIONSThe following definitions apply throughout this announcement unless the context requires otherwise.
Calculated on the basis of 100% of Augean Shares Table B Example assuming Tax Claim Proceeds received (for tax purposes) after Apr-23 Proportion of Outstanding Tax Claims received6 Amount received Taxable amount7 Tax paid8 Costs paid9 Net amount To CVRholders Value per share10 The Panel has determined that an estimate of the value of a CVR in accordance with Rule 24.11 will not be included in the Scheme Document.