Examples of CDN$ in a sentence
Under applicable Canadian securities laws, the Company is also required to give notice to certain beneficial shareholders.As noted above, CDI Holders may only exercise their vote by directing CDN accordingly.In addition, under the BCBCA, a Shareholder(s) holding in the aggregate of at least 5% of the Shares has the right to requisition a general meeting of Shareholders for the purpose of transacting any business that may be transacted at a general meeting of Shareholders.
The CDI Holder must convert their CDIs into certificated Shares prior to the relevant meeting in order to vote in person at the meeting.If a takeover bid or similar transaction is made in relation to the Shares of which CDN is the registered holder, the ASX Settlement Rules require that CDN must not accept the offer made under the takeover bid except to the extent that acceptance is authorised by the relevant CDI Holder.
The Shares underlying the CDIs issued pursuant to this Prospectus will be registered in the name of CDN for the benefit of CDI Holders.
CDI Holder means a holder of CDIs. CDIs means CHESS Depositary Interests issued by CDN, where each CDI represents a beneficial interest in one Share.
CDN is then obliged under the ASX Settlement Rules to lodge proxy votes in accordance with the directions of CDI Holders.