Examples of De Minimis Threshold in a sentence
As a result of the foregoing, Holders and Beneficial Owners of ADRs will not have voting rights (i) with respect to the number of ADRs they hold or own representing Shares above the De Minimis Threshold for which the Required Beneficial Owner Information is not, or is not able to be, provided or (ii) for their ADRs representing Shares with respect to which inaccurate Required Beneficial Owner Information is provided.
Cash Tender Purchases may also be made in the quarter immediately following Q1 (that quarter being " Q2") if cash is available and if the aggregate value of both: (1) the Cash Tender Purchases in Q1; and (2) the Tender Requests in Q2, is less than the De Minimis Threshold.
If the aggregate value of all Tender Requests received in a quarter (such quarter being " Q1") is below the De Minimis Threshold, the Company may make Cash Tender Purchases in that quarter.
Given both: (1) the value of the De Minimis Threshold relative to the value of the Company; and (2) the requirement to satisfy the Realisation Condition in due course, the Board determined the De Minimis Tender Process to be a non-material administrative change to the Tender Terms and Conditions and, accordingly, the De Minimis Tender Process was introduced and an addendum published in accordance with paragraph 1.6 of the Tender Terms and Conditions.
If Cash Tender Purchases are made in Q1 and Q2, then in the subsequent quarter (" Q3"), even if the aggregate value of both: (1) the Cash Tender Purchases made in Q1 and Q2; and (2) the Tender Requests in Q3, remains at or below the De Minimis Threshold, a pro rata redemption of Company Investment Vehicle Interests must then be made in order to satisfy the Realisation Condition with respect to the Cash Tender Purchases made in Q1 and Q2 and the Tender Purchases to be made in Q3.