Deferred Shares definition

Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

Deferred Shares means an Award pursuant to Section 9 of the right to receive Shares at the end of a specified Deferral Period.

Deferred Shares means the deferred shares of £1 each in the capital of the Company;

Examples of Deferred Shares in a sentence

• No share certificates for the Deferred Shares will be issued.No new certificates for the Existing Ordinary Shares will be dispatched if the Share Reorganisation becomes effective.A request will be made to the London Stock Exchange to reflect on AIM the sub-division of the Existing Ordinary Shares into New Ordinary Shares of 0.01 pence each.

• Accordingly, the holders of the Deferred Shares will not be entitled (unless they also hold Ordinary Shares) to receive notice of, attend or vote at general meetings of the Company, nor be entitled to receive any dividends or any payment on a return of capital until at least £10,000,000 has been paid on each Ordinary Share.

• No application will be made for the Deferred Shares to be admitted to trading on AIM.The Company will also be given power to arrange for all the Deferred Shares to be transferred to a custodian or to be purchased for nominal consideration only without the prior sanction of the holders of the Deferred Shares.

• It is therefore proposed to sub-divide the entire existing share capital, both issued and to be issued, consisting of 140,752,533 Ordinary Shares of 0.2 pence nominal value each, into140,752,533 Ordinary Shares of 0.01 pence nominal value each and 140,752,533 Deferred Shares of0.19 pence nominal value each, thus enabling the Company to lawfully implement the Placing at the Issue Price.

More Definitions of Deferred Shares

Deferred Shares means the right granted pursuant to Section 9 hereof to receive Shares at the end of a specified deferral period or periods and/or upon attainment of specified performance objectives.

Deferred Shares means the Deferred Ordinary Shares with a nominal value of €1.00 each in the capital of the Company;

Deferred Shares means deferred shares within the meaning of the Act;

Deferred Shares means deferred shares of £  each in the capital of the Company from time to time;

Deferred Shares means deferred shares of £0.01 each in the capital of the Company arising on Conversion;

Deferred Shares means an Award pursuant to Section 8 of the right to receive Shares at the end of a specified Deferral Period.

Deferred Shares means Shares that are awarded to a Grantee on a deferred basis pursuant to Section 10.2.