Bulk Dematerialisation definition

Bulk Dematerialisation means the process by which all the Share certificates in respect of Sasol BEE Ordinary Shares, whose holders are not Election Shareholders, are converted, prior to the Designated Date, to an electronic form and such Shares are transferred into the name of the Computershare Nominee Company or the OTC Nominee Company, if the listing on the JSE does not occur, so as to be held by it for and on behalf of the Bulk Dematerialised Shareholders;
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Bulk Dematerialisation means the process by which all the Ordinary Shares held by the Bulk Dematerialised Shareholders in Certificated form are converted, prior to the Listing, into Dematerialised form and such Dematerialised Ordinary Shares are transferred into the name of the Custody Entity so as to be held by it for and on behalf of the Bulk Dematerialised Shareholders;
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Bulk Dematerialisation means the process by which all of the YeboYethu Ordinary Shares held as Certificated Shares by the Bulk Dematerialised Shareholders are converted, on the date of the BEE Listing, to Uncertificated Shares and such Uncertificated Shares are transferred into the name of a Nominee appointed by the Company for such purposes, so as to be held by such Nominee as registered shareholder for and on behalf of the Bulk Dematerialised Shareholders;
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Examples of Bulk Dematerialisation in a sentence

  • Bulk Dematerialisation in essence means that all Certificated Shares held by Shareholders will be converted into Dematerialised format and will be transferred in a nominee account controlled by Kaap Agri’s Transfer Secretaries, Computershare, on Listing.

  • After the Bulk Dematerialisation, any share certificate issued prior to Listing shall no longer constitute valid title in respect of such Bulk Dematerialised Shares.

  • Shareholders that do not make an election in terms of paragraphs 8.2.1 or 8.2.2 above, will have their Shares Dematerialised in terms of a Bulk Dematerialisation.

  • On 26 May 2017, Kaap Agri Shareholders approved the necessary amendments to the MOI in order to , inter alia, authorise Kaap Agri to implement the Bulk Dematerialisation.

  • The costs in respect of professional advisers, printing and publishing costs are set out below, as well as the other costs to be borne by Sasol which include the cost of the Bulk Dematerialisation.

  • Any Sasol BEE Ordinary Shareholder who wishes to exercise this option not to participate in the Bulk Dematerialisation may lodge the Form of Election at any time after receiving this Document.

  • Undertaking a process of Bulk Dematerialisation will require the passing and, if applicable, registration of appropriate resolutions by the Sasol Shareholders.

  • Bulk Dematerialisation YeboYethu Ordinary Shares are currently held in Certificated form in the custody of the Transfer Secretaries.

  • The amendments also have the effect that each Bulk Dematerialised Shareholder agrees to be bound by the provisions of the STRATE rules and directives in respect of his/her/its Bulk Dematerialisation Shares.Due to the Bulk Dematerialisation, certain clauses in the Existing YeboYethu MOI have to be amended.

  • If the necessary resolutions for the Bulk Dematerialisation are not passed and registered, Sasol will consider its position having regard to the signifi cant additional costs and administration burden which it would have to incur to implement individual Dematerialisation and will determine whether to list the Sasol BEE Ordinary Shares on the proposed BEE Segment.


More Definitions of Bulk Dematerialisation

Bulk Dematerialisation means the process by which all the share certificates in respect of the Sasol BEE Ordinary Shares, whose holders have not elected to hold such shares in certificated form, are converted into an electronic form and such shares are transferred into the name of Computershare so as to be held by it for and on behalf of those holders of Sasol BEE Ordinary Shares who bulk dematerialise;
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Bulk Dematerialisation means the process by which all the share certificates in respect of Sasol BEE
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Related to Bulk Dematerialisation

  • Commercialisation means any and all activities directed to the preparation for sale of, offering for sale of, or sale of a product, including activities related to marketing, promoting, distributing, importing and exporting such product. When used as a verb, “to Commercialise” and “Commercialising” means to engage in Commercialization, and “Commercialised” has a corresponding meaning.

  • Hospitalisation Means admission in a Hospital for a minimum period of 24 In patient Care consecutive hours except for specified procedures/ treatments, where such admission could be for a period of less than 24consecutive hours.

  • Ship means a vessel of any type whatsoever operating in the marine environment and includes hydrofoil boats, air-cushion vehicles, submersibles, floating craft and fixed or floating platforms.

  • Vessel means the vessel/craft belonging to the Contractor for carrying out the work.

  • Nationalisation means that all the Shares or all or substantially all the assets of the Share Company are nationalised, expropriated or otherwise required to be transferred to any governmental agency, authority, entity or instrumentality thereof.

  • Bulk means material that is stored or transported in a loose, unpackaged liquid, powder, or granular form capable of being conveyed by a pipe, bucket, chute, or belt system.

  • Domestic content procurement preference ’ means all iron and steel used in the project are produced in the United States; the manufactured products used in the project are produced in the United States; or the construction materials used in the project are produced in the United States.

  • PPSR means the Personal Property Securities Register established under Personal Property Securities Act 2009 (Cth);

  • Batch means a specific quantity of Product that is intended to have uniform character and quality, within specified limits, and is produced according to a single manufacturing order during the same cycle of manufacture.

  • Slug loading means any pollutant, including oxygen demanding pollutants, released in a discharge at a flow rate and/or pollutant concentration as to cause interference in the POTW.

  • pseudonymisation means the processing of personal data in such a manner that the personal data can no longer be attributed to a specific data subject without the use of additional information, provided that such additional information is kept separately and is subject to technical and organisational measures to ensure that the personal data are not attributed to an identified or identifiable natural person;

  • Bulk Supply means a supply agreement made under section 40 of the Act;

  • Shipment means a volume of products offered to and accepted by Carrier for transportation.

  • Charter contract or "contract" means a fixed-term, renewable contract