Cancellation Consideration definition

Cancellation Consideration means the consideration to be provided to holders of CGA Options, calculated as follows:

Cancellation Consideration means the aggregate number of EFI Shares as are issuable in satisfaction of 50% of the Change of the Control Obligations that may be owing from time to time to all Former Employees; the number of EFI Shares issuable to each Former Employee being determined based on the volume weighted average price of the EFI Shares on the TSX over the five trading days prior to the date upon which the Employment Termination Obligation is payable to such Former Employee (the “Share Price”), such that the product of the Share Price and the number of EFI Shares issuable to such Former Employee equals 50% of the Employment Termination Obligation owing to such Former Employee;

Cancellation Consideration means HK$0.40 per Scheme Share

Examples of Cancellation Consideration in a sentence

• The Cancellation Consideration will not be increased, and the Offeror does not reserve the right to do so.

• The Cancellation Consideration will not be increased, and Holdco does not reserve the right to do so.

• Scheme Shareholders and potential investors should be aware that, following the making of this statement, the Offeror will not be allowed to increase the Cancellation Consideration.

• The Scheme Shareholders may elect either the Cash Alternative or the Share & Cash Alternative as the form of Cancellation Consideration in respect of their entire holdings of Scheme Shares (but not, for the avoidance of doubt, a combination of the two).

• Following the Scheme becoming effective, pursuant to the Rollover Agreement, the Rollover Shares will be transferred to the Offeror in consideration for an aggregate of 1,017,341,192 shares to be issued by WMVL to the Participating Management Shareholders credited as fully paid at the Cancellation Consideration Price.

More Definitions of Cancellation Consideration

Cancellation Consideration means HK$0.40 per Scheme Share“Companies Ordinance”means the Companies Ordinance (Chapter 32, Laws of Hong Kong)“Company”means Crocodile Garments Limited, a company incorporated in Hong Kong with limited liability, the shares of which are currently listed on the Main Board of the Stock Exchange“Court Meeting”means a meeting of the Independent Shareholders to be convened at the direction of the High Court at which the Scheme will be voted upon“Director(s)”means the director(s) of the Company“EGM”means the extraordinary general meeting of the Company to be convened for the approval and implementation of the Scheme“Executive”means the Executive Director of the Corporate Finance Division of the SFC or any delegate of the Executive Director“Group”means the Company and its subsidiaries“High Court”means the High Court of the Hong Kong Special Administrative Region, Court of First Instance“HK$”means Hong Kong dollars, the lawful currency of Hong Kong“Hong Kong”means the Hong Kong Special Administrative Region of the People’s Republic of China“Independent Shareholders”means Shareholders other than the Offeror and parties acting in concert with it (the parties presumed under the Takeovers Code to be so acting in concert include Mr. Lam)“Last Trading Date”means 10 February 2009, being the last full trading day before the suspension of trading in the Shares pending the issue of this announcement“Listing Rules”means the Rules Governing the Listing of Securities on the Stock Exchange

Cancellation Consideration means the aggregate number of EFI Common Shares as are issuable in satisfaction of 50% of the Strathmore Employment Termination Obligations that may become owing to certain Strathmore officers who have entered into Strathmore Employee Letter Agreements with Strathmore and EFI providing for the issuance of EFI Common Shares in satisfaction of 50% of such Strathmore Employment Termination Obligation as may become owing to such Strathmore officers;

Cancellation Consideration means the cancellation price of HK$6.30 per Scheme Share payable in cash by the Offeror to the Scheme Shareholders pursuant to the Scheme;

Cancellation Consideration means an amount equal to R180 million (one hundred and eighty million rand)

Cancellation Consideration has the meaning given in the Option Scheme.

Cancellation Consideration means:

Cancellation Consideration means the consideration to be provided by B2Gold to holders of CGA Options as provided in the Implementation Agreement. CGA Options means an option to be issued a CGA Share.