Equalisation Ratio definition
Examples of Equalisation Ratio in a sentence
In this regard, a Net Dividend Amount may be rounded provided the Net Dividend Amount as rounded is within a 2% tolerance of the exact Net Dividend Amount that would result from the ratio of the Net Dividend Amount on one RTL Ordinary Share to the Net Dividend Amount on one RTP Ordinary Share converted using the Applicable Exchange Rate being exactly equal to the Equalisation Ratio.
PLC and NV propose, except in relation to their 1992 final dividends and, in the case of PLC, its 1992 interim dividend and except in the further circumstances described in this schedule, to pay dividends on their ordinary shares on the basis that the ratio of the Gross Dividend Amount on one NV Ordinary share to the Gross Dividend Amount on one PLC Ordinary share, translated using the Applicable Exchange Rate, will be the Equalisation Ratio.
If any of the Exchange shares or any of the NV Ordinary shares into which they are converted are disposed of with the agreement of NV by RHBV (or any other member of the PLC Group which from time to time holds those shares with the agreement of NV) and all or part of the proceeds of sale are distributed (in whatever manner) to shareholders of PLC, the Equalisation Ratio shall be adjusted in such manner as the parties shall agree to be appropriate to reflect that distribution.
PLC and NV propose, on the bases and assumptions set out or referred to in this schedule, that the interests of their respective shareholders in the underlying capital of the ▇▇▇▇ Elsevier Group, having regard to their interests in the Finance Group, should reflect the Equalisation Ratio.
The adjustment to the Equalisation Ratio shall become effective from the later of the time at which the Shares of the Relevant Company are first traded ex-rights and the time at which the issue of the Shares becomes wholly unconditional.
However, in considering the application of the DLC Equalisation Principles to any Action the Boards of BHP and Billiton shall take into account the effect of all prior Unadjusted Actions in deciding whether a Matching Action, an adjustment to the Equalisation Ratio or approval as a Class Rights Action is appropriate and if any adjustment is made it shall take into account all such prior Unadjusted Actions.
The auditors for the time being of RTL and RTP shall jointly certify the arithmetical adjustment to be made to the Equalisation Ratio in the circumstances set out in this paragraph 5.1 and in any other circumstances where an adjustment is made to such Equalisation Ratio and any adjustments so certified shall, in the absence of manifest error, be final and binding on the parties and on all others affected thereby.
The auditors for the time being of P&O Princess and Royal Caribbean shall jointly certify the arithmetical adjustment to be made to the Equalisation Ratio in the circumstances set out in this Schedule where an adjustment is made to such Equalisation Ratio and any adjustments so certified shall, in the absence of manifest error, be final and binding on the parties and on all others affected thereby.
However, if the Boards of BHP and Billiton determine that it is not appropriate or practicable to undertake a Matching Action and that an adjustment to the Equalisation Ratio would not be appropriate or practicable in relation to an Action, then such Action may be undertaken provided it has been approved as a Class Rights Action.
In any combination of Royal Caribbean and P&O Princess into a single non dual-listed group, the consideration to be received by the holders of Shares in the two companies will be calculated by reference to the applicable Equalisation Ratio.