Examples of CRH Shares in a sentence
Until such time as a former holder of CRH Shares that were acquired by the Purchaser pursuant to Section 3.1(e c) complies with the provisions of Section 5.1(b), the cash payment to which such former holder is entitled will, subject to Section 5.2, be paid to and held by the Depositary, to be held in trust for such former holder for delivery to such former holder, without interest, upon deposit with the Depositary of the documentation required pursuant to Section 5.1(b).
Subject to Section 5.4, until surrendered as contemplated by this Section 5.1, each certificate which immediately prior to the Effective Time represented CRH Shares will be deemed after the Effective Time to represent only the right to receive from the Depositary upon such surrender a cash payment in lieu of such certificate as contemplated in Section 5.1(b) less any amounts withheld pursuant to Section 5.3.
Subject to completion, the Consideration Shares will be issued to:• CRH Founders – comprising Mr Geoffrey Drucker (Managing Director), Mr Stephen Nossal (Finance and Projects Director) and Ms Inge Drucker (Operations Director) or their nominees;• CRH Noteholders – comprising 42 holders of CRH Notes, who have each agreed to convert into CRH Shares immediately before completion; and • Peak Asset Management – in consideration for corporate advisory and broker fees payable by CRH to Peak Asset Management.
The Consideration for the CRH Shares will be funded by way of bank borrowings to be obtained by PAT (62.50% of the Consideration) and the balance by way of advance from PASDEC.
The table below summarises the capital structure of CRH as at the date of this Notice of Meeting: Type of security Number on issueCRH Shares 50,000,003 CRH Notes 1,405,000 ReNu Energy has entered into a separate share purchase agreement with each of the CRH Noteholders under which the CRH Noteholders have agreed to convert their CRH Notes into 15,503,889 CRH Shares and sell such shares to ReNu Energy in consideration for 30,944,235 Consideration Shares.
Amalco will be the holder of all of the outstanding CRH Shares and the register of CRH Shareholders shall be revised accordingly.
No former holder of CRH Shares shall be entitled to receive any consideration with respect to such CRH Shares other than any cash payment to which such former holder of CRH Shares, as applicable, is entitled to receive pursuant to this Section 5.1 and, for greater certainty, no such former holder will be entitled to receive any interest, dividends, premium or other payment in connection therewith.
The Purchaser desires to acquire all of the issued and outstanding CRH Shares (defined below).
For greater certainty, in no case shall CRH,the Purchaser Amalco or any other Person be required to recognize Dissenting Shareholders as holders of CRH Shares after the Effective Time, and the names of such Dissenting Shareholders shall be deleted from the register of CRH Shares as of the Effective Time.
In addition to any other restrictions set forth in the BCBCA, none of the following shall be entitled to exercise Dissent Rights: (i) CRH Optionholders; (ii) CRH RSU Holders; and (iii) holders of CRH Shares who vote or have instructed a proxyholder to vote such CRH Shares in favour of the Arrangement Resolution.