Darty definition
Examples of Darty in a sentence
Full details of the Partial Cash Alternative including the cash value per Darty Share will be set out in the Scheme Document (or, as appropriate, the Offer Document) and in the announcement of the posting of the Scheme Document (or, as appropriate, the Offer Document).
Under the terms of the Proposed Acquisition, relevant Darty Shareholders are entitled to retain the final dividend of 2.625 euro cents per Darty Share in respect of the financial year ended 30 April 2015, paid on 13 November 2015, and will be entitled to receive and retain future dividends in the ordinary course prior to completion of the Proposed Acquisition.
In particular, those Darty Shareholders who are on the register as at 4 March 2016 will be entitled to receive the 2016 interim dividend for the period to 31 October 2015 of not more than 0.875 euro cents per Darty Share expected to be paid on 30 March 2016.
To the extent that elections under the Partial Cash Alternative in excess of the basic entitlement cannot be satisfied in full, they will be scaled down as nearly as reasonably practicable pro rata to the value which each Eligible Darty Shareholder’s valid election under the Partial Cash Alternative bears to the total aggregate value of all valid elections made under the Partial Cash Alternative.
As soon as possible after the Effective Date, it is intended that Darty will be re-registered as a private limited company.
Relevant documentation (including the Fnac Prospectus) will be sent to Darty Shareholders (other than to certain Darty Shareholders who are ordinarily resident in, or citizens of, a Restricted Jurisdiction) and, for information purposes, to persons with information rights and to participants in the Darty Share Plan, following the satisfaction (or waiver) of the Pre-Conditions.
Upon the Scheme becoming effective, it will be binding on all Darty Shareholders, irrespective of whether or not they attended or voted at the Darty Meetings in connection with the Scheme, and it is expected that the New Fnac Shares will be issued by Fnac to Scheme Shareholders on the Business Day immediately following delivery of a copy of the Scheme Order to the Registrar of Companies at Companies House.
Darty Shareholders are advised to read carefully the Scheme Document, the Fnac Prospectus, and the forms of proxy once these have been despatched.
The net proceeds of such sale will then be paid in cash to the relevant Darty Shareholders in accordance with their fractional entitlements.
Following the Darty Meetings, the Scheme must be sanctioned by the Court no later than the 22nd day after the expected date of the Scheme Hearing to be set out in the Scheme Document in due course (or such later date as may be agreed between Fnac and ▇▇▇▇▇).