Demerge definition
Demerge means: (i) in relation to the A Shares, the demerger or other distribution of A Shares (or Admission Shares deriving from them, or ADRs in respect of such Admission Shares) pro rata (subject to such exclusions or other arrangements as the directors of GSK may deem necessary in relation to fractional entitlements, the Preference Shares or applicable legal, regulatory or practical issues) to GSK’s shareholders, whether by (a) direct transfer, or (b) GSK procuring the issue of such Admission Shares by the Admission Entity, or (c) GSK procuring the issue of shares deriving from the Admission Shares by an entity established by GSK (or a member of its Group) to facilitate such demerger or otherwise, in each case, as determined by GSK in its sole discretion; and
Examples of Demerge in a sentence
Delaware, US Dlocal Pte Ltd Singapore Dlocal Technologies SA Uruguay Dlocal Markets Ltd Malta Dlocal Israel Ltd Israel Dlocal Brasil Pagamentos Ltda Brazil Demerge Brasil Facilitadora de Pagamentos Ltda.
Demerge after hours hourly rate basis, until such time as the trip hours are established.
The Buyer hereby confirms that they have positive knowledge of ali value-forming factors with regard to the Company and positive knowledge of ali information and documentation refetTed to and exchanged in the course of the preparation of the purchase of the ANY Shares and within the Pre Demerge period.