Avatar Shares definition

Avatar Shares means the voting common shares without par value in the capital of Avatar;
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Examples of Avatar Shares in a sentence

  • The Capital Return involves the cancellation of Avatar Shares rather than the sale of Avatar Shares.

  • Exiting Shareholders therefore have an opportunity to dispose of their Avatar Shares without incurring brokerage fees.

  • For further details see section 3.Following receipt of that consideration, all Avatar Shares held by the Exiting Shareholders will be cancelled.The Continuing Shareholders (being Messrs Trahar and Favretto and their Associates) will not participate in the Capital Return and will retain their shares in Avatar.

  • As at the date of this Explanatory Statement, Avatar’s cash and cash equivalents position is $118 million.If the Capital Return is approved, Avatar will distribute $1.83 in cash per share to Exiting Shareholders, who hold in total 31,413,979 Avatar Shares.

  • The summary of the tax implications below should not be substituted for complete taxation advice.For personal use onlyThe Australian tax consequences will depend on each Exiting Shareholder’s particular circumstances, including whether they hold their Avatar Shares on capital or revenue account, their tax residency status and the type of taxpayer they are.

  • Avatar’s issued share capital as at the date of this notice of meeting is 79,038,464 Avatar Shares.

  • As the Avatar Shares held by Continuing Shareholders will not be cancelled as part of the Capital Return, there will be no disposal of those Shares.

  • If the Capital Return is approved, the Continuing Shareholders will retain their existing Avatar Shares thereby becoming the sole owners of Avatar.

  • If the Capital Return is implemented, Avatar’s issued share capital will reduce to 47,624,485 Avatar Shares held by the Continuing Shareholders.The following table shows the impact of the Capital Return on the capital structure of Avatar: Avatar’s capital structure before the Capital ReturnNumber of sharesThe substantial Shareholders of the Company (both before and after the proposed Capital Return) are the two Continuing Shareholders.

  • There have been no dealings in Avatar Shares by the Directors of Avatar or their Associates in the past 4 months.

Related to Avatar Shares

  • Investor Shares shall have the meaning given in the Recitals hereto.

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Shares means the shares of Common Stock issued or issuable to each Purchaser pursuant to this Agreement.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Common Shares means the common shares in the capital of the Corporation;

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • Amalco Shares means the common shares in the capital of Amalco;

  • Dividend Shares means the shares of Common Stock issuable in payment of dividends payable on the Preferred Shares in accordance with the terms of the Certificate of Designation.

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • New Shares means ordinary or common shares, whether of the entity or person (other than the Share Issuer) involved in the Merger Event or a third party, that are, or that as of the Merger Date are promptly scheduled to be, (i) publicly quoted, traded or listed on an exchange or quotation system located in the same country as the Exchange (or, where the Exchange is within the European Union, in any member of state of the European Union) or on another exchange acceptable to the Issuer and (ii) not subject to any currency exchange controls, trading restrictions or other trading limitations.

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

  • Sponsor Shares shall have the meaning given in the Recitals hereto.

  • Incentive Shares means Shares awarded pursuant to the provisions of Article 12.

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.

  • Covered Shares means, with respect to the Shareholder, (i) the Existing Shares, together with (ii) any shares of Common Stock or other voting capital stock of the Company and any securities convertible into or exercisable or exchangeable for shares of Common Stock or other voting capital stock of the Company, in each case under this clause (ii) that such Shareholder acquires Beneficial Ownership of on or after the date hereof.

  • VMTP Shares means Variable Rate MuniFund Term Preferred Shares, $0.00001 par value per share, liquidation preference $100,000 per share plus an amount equal to accumulated but unpaid dividends thereon (whether or not earned or declared), of the Trust. The preferences, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of each series of VMTP Shares are set forth in the VMTP Shares Statement.

  • Purchased Stock means a right to purchase Common Stock granted pursuant to Article IV of the Plan.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Stockholder Shares means any Common Stock owned by a Stockholder on the date of the closing of the Transactions or hereafter, together with any equity securities issued or issuable directly or indirectly with respect to such Common Stock by way of stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.