Disposal Shares definition

Disposal Shares has the meaning given to it in clause 3.4; "Disposal Terms" has the meaning given to it in clause 3.4; "FCA" means UK Financial Conduct Authority;

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Disposal Shares the entire issued share capital of the Disposal Company beneficially held by the Company immediately before Disposal Completion (including but not limited to the share(s) to be issued to the Company pursuant to the capitalisation of the Disposal Debt) “Distribution” upon completion of the Disposal Agreement and the Share Agreement and subject to the reorganisation of distributable reserves of the Company (if required), a special dividend of not less than HK$40 million and not more than HK$45 million to be distributed by the Company to the Shareholders whose names appear on the register of members of the Company on the Record Date (such minimum amount of Distribution is a preliminary estimate only based on the financial information of the Group currently available to the Directors, the exact amount of the Distribution will be disclosed in the Circular)

Disposal Shares means 76,500 CTM Shares, representing 51% of all the issued shares in the capital of CTM;

Examples of Disposal Shares in a sentence

Completion of the sale and purchase of the Disposal Shares shall take place on the day that is three business days following the satisfaction of the above Conditions Precedent.
The CAE SG Consideration was arrived at by agreement between the Company and the SG Purchaser at arm’s length, on a “willing-buyer, willing-seller” basis after taking into account the net asset value of the CAE SG Disposal Shares, the distribution of dividends of S$6.0 million, the preliminary independent business valuation on CAE SG as well as the financial position and business prospects of CAE SG as at 30 June 2022.
Within 30 days of the determination of Fair Value the Non-Defaulting Parties may give written notice ("Disposal Notice") to the Defaulting Party to transfer all of its Shares (the "Disposal Shares") to the Non-Defaulting Parties or their designees (acceptable to the Non-Defaulting Parties) at 10% less than the Fair Value, and the Disposal Shares shall then be promptly transferred to the Non-Defaulting Parties or their designees.
Completion shall take place on the date (the “Completion Date”) on which the relevant PRC authority issues a new business licence to the Target Company showing that the Purchasers are holders of the Disposal Shares.
Additional Disposal Shares shall continue to be allocated for acquisition on this basis until all of the Additional Disposal Shares have been allocated and acquired, provided that the allocation of Additional Disposal Shares shall be completed within the period of twenty-two (22) Business Days from the date of issue of the Disposal Notice by such ▇▇▇▇▇ Holdco.

More Definitions of Disposal Shares

Disposal Shares means the disposal shares defined in clause 16.2(b). Dispose in relation to any property means to sell, transfer, assign, create a Pledge over, declare oneself a trustee of or part with the benefit of or otherwise dispose of that property (or any interest in it or any part of it) or to attempt to do so. Dividend includes a cash or non-cash distribution that is declared payable by the Board of Directors in respect to Shares out of the operating profit after tax of the Company (but does not include a dividend on preferred shares or Funding Shares).

Disposal Shares means those shares in the Company which are required to be disposed of as set out in a:

Disposal Shares. Section 4.2(a)

Disposal Shares means 600,000 shares of €100 in the capital of CMC, representing the entire issued share capital of CMC;

Disposal Shares the entire issued share capital of the Target Company “GFA” gross floor area “Group” the Company and its subsidiaries “Guangzhou Haocheng” 廣州市灝城裝飾有限公司 (Guangzhou Haocheng Decoration Company Limited*), a third party independent of and not connected with the Company and its connected persons (as defined in the Listing Rules) “Guangzhou Yu Jun” 廣州譽浚咨詢服務有限公司 (Guangzhou Yu Jun Consulting Service Company Limited*), a foreign invested enterprise incorporated in the PRC and indirectly wholly owned by the Company as at the date of this announcement “Guizhou Xiehui” 貴州協輝房地產開發有限公司 (Guizhou Xiehui Property Development Company Limited*)

Disposal Shares. ’ means the entire issued share capital of the Disposed Company

Disposal Shares has the meaning given to such term in Clause 5.4.