Examples of CME Shares in a sentence
On 11 September 2014, Bursa Securities had approved the listing of such number of new CME Shares to be issued pursuant to the Proposed ESOS, representing up to 15% of the issued and paid-up ordinary share capital of the Company.
Pursuant to the Arrangement Agreement, CME Shareholders were issued an aggregate of 4,299,961 QNB Shares (at a deemed priced of $0.10 per QNB Share), with each CME Shareholder being issued a number of QNB Shares equal to 4,300,000 divided by the number of CME Shares issued and outstanding immediately prior to the Effective time, being approximately 0.05865 QNB Shares, in exchange for each CME Share held at the Effective Date.
The Proposed Private Placement entails the issuance of up to 149,227,000 new CME Shares (“Placement Shares”), representing not more than 10% of the number of CME Shares in issue (excluding any treasury shares).
If a U.K. Holder receives a dividend in respect of the New CME Shares and the dividend is paid subject to United States withholding tax, credit for such withholding tax may be available for set-off against a liability toU.K. income tax or U.K. corporation tax on the dividend.
Instead, the New CME Shares should be treated as the same asset as those NEX Shares and as acquired at the same time and for the same consideration as those NEX Shares.U.K. Holders who, alone or together with connected persons, hold more than 5 per cent.
Each U.K. Holder’s position will depend on its own circumstances, although it would normally be expected that most dividends paid on the New CME Shares to U.K. resident corporate shareholders would fall within one or more of the classes of dividend qualifying for exemption from corporation tax.
On April 22, 2015, the Company entered into a letter of intent to acquire all of the capital stock of Rock N' Roll Imports, Inc., a California corporation ("RNR") engaged in alcoholic beverage development, marketing and distribution in exchange for (a) the issuance of 50,000,000 shares of the Company's common stock and (b) the contemporaneous contribution to the Company's capital of the CME Shares held by Mr. McLeod.
No U.K. stamp duty or SDRT will be payable by NEX Shareholders on the exchange of their NEX Shares for New CME Shares and/or cash under the Scheme.
The purpose of the backflow prevention device is to prevent a refrigerant leak from traveling directly to potable water taps.
In light of the foregoing, on February 13, 2015, Carlos Espinosa, the principal shareholder and sole director and executive officer of the Company, sold 50,000,000 shares of the Company's common stock held by him (the "CME Shares") to Kenneth McLeod for $252,000.