Distribution Record Date definition
Examples of Distribution Record Date in a sentence
The Company shall notify the Depositary of the number of Rights outstanding on the Distribution Record Date and confirm with the Depositary that there are sufficient ADSs registered on a Form F-6 under the Act to cover the number of ADSs that would be issued upon exercise or exchange of all the outstanding Rights.
Until the Distribution Record Date (or the earlier of the Redemption Date or the Final Expiration Date), any registration of transfer of ADSs shall also constitute a registration of transfer of the Rights associated with those ADSs.
On and after the Distribution Record Date, the Rights may be certificated securities evidenced by Right Certificates or may be uncertificated securities.
The Company shall instruct the Rights Agent in writing as to the actions to be taken following that Distribution Record Date and the Company shall arrange to provide to the Rights Agent a copy of the Depositary’s ADS register as of the Distribution Record Date.
Until the earliest of the Distribution Record Date, the Redemption Date or the Final Expiration Date, the Rights associated with the certificated ADSs shall be evidenced by those ADS certificates alone, and the registration of transfer of any such certificate shall also constitute the registration of transfer of the Rights associated with the ADSs evidenced thereby.