Examples of Escala Common Stock in a sentence
The purpose of this Notice is to inform you of the proposed Settlement of the Class Action for a value of at least $18,000,000, consisting of $10,000,000 in cash, plus interest, and 4 million shares of Escala Common Stock with a value of at least$8,000,000.
By order of the Court dated September 19, 2008, all persons and entities that purchased Escala Common Stock during the Settlement Class Period are eligible to participate in the Settlement, with the exception of the Defendants and the Additional Named Parties, their corporate affiliates, any entity in which any excluded person has a controlling interest, and their heirs, successors and assigns.
The request for exclusion must: (a) state your name, address, and telephone number;(b) provide documentation reflecting all purchases and sales of Escala Common Stock made during the Settlement Class Period, including the dates, the number of shares, and price paid or received per share for each such purchase or sale; and(c) state that you wish to be excluded from the Settlement Class.
The total monetary value of the Settlement is at least $18,000,000, which is comprised of $10,000,000 in cash, plus interest, and 4 million shares of Escala Common Stock with a value of at least $8,000,000 (the “Settlement Amount”).
Under certain circumstances, Escala has the option to pay additional cash instead of some or all of the 4 million shares of Escala Common Stock.
The Defendants have agreed to pay $10,000,000 in cash, plus interest, and 4 million shares of Escala Common Stock with a value of at least $8,000,000.
If on a Notification Date, the Average Closing Price for the valuation period of Escala Common Stock exceeds$2 per share, Escala shall have the option, exercisable in its discretion, to “buy back” some or all of the shares in that distribution at a price equal to $4 per share, plus 50 percent of the amount by which the Average Closing Price for the Notification Date for the valuation period exceeds $4 per share (“Buyback Price”).
No claim will be recognized for any shares of Escala Common Stock purchased between September 5, 2003 and May 8, 2006 which were not owned as of the close of trading on May 8, 2006.
Based upon the Plan of Allocation discussed below, and assuming that the owners of all damaged Escala Common Stock elect to participate in the Settlement, the average recovery per share could be approximately $2.50, before deduction of any fees, expenses, costs and awards described herein.
The notice of objection must demonstrate the objecting Settlement Class Member’s membership in the Settlement Class, including documentation reflecting the number of shares of Escala Common Stock purchased and sold during the Settlement Class Period, and must contain a statement of the reasons for objection.