Extraordinary General Meetings definition

Extraordinary General Meetings means the meetings of Members held in terms of article 11.3;

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Extraordinary General Meetings has the meaning set forth in Article 25;

Extraordinary General Meetings has the same meaning as is set out in The Companies (Memorandum and Articles of Association) Regulations 1988; Financial Statements: all of the financial statements of the Company to include income statements, balance sheets, statements of retained earnings and cash flows and monthly management accounts; Financial Year: each accounting reference period of the Company determined from time to time in accordance with the Companies ▇▇▇ ▇▇▇▇; Group: the Company, the Subsidiaries and any other subsidiary or any holding company from time to time of the Company and any subsidiary from time to time of a holding company of the Company and each company in the Group is a Group Company; Operational Plan: the detailed operational plan for the Company including its budget; Pension Schemes: pension schemes administered by or on behalf of the Company for the benefit of its employees or a sector of its employees; Shareholder: the Treasury (a Department of the Isle of Man Government) or such other Department, Statutory Board or Office of the Isle of Man Government who shall own the shares in the Company from time to time; Shareholder Consent: the prior written consent of the Shareholder given by the Shareholder Minister or a person duly authorised by the Shareholder Minister in writing; Shares: ordinary shares in the capital of the Company from time to time; Subsidiaries: the subsidiaries of the Company which, as at the date of this agreement, comprise those companies as set out in the Appendix to this Agreement.

Examples of Extraordinary General Meetings in a sentence

• Extraordinary General Meetings can only transact business if the shareholders present, represented or voting by correspondence own at least, on first or on second call, the minimum percentage of the shares with voting rights as required by Law depending on the nature of the decision submitted for approval to the extraordinary General Meeting.

• The Company further covenants to hold such Extraordinary General Meetings of its shareholders as are necessary or advisable to meet the obligations in the foregoing sentence and that its issuance of this Warrant shall constitute full authority to its officers who are charged with the duty of issuing the necessary Warrant Shares upon the exercise of the purchase rights under this Warrant.

• If shares are held in usufruct, the voting rights attached to these shares shall belong to the beneficial owners in Ordinary General Meetings and to the bare owners in Extraordinary General Meetings.

• In Ordinary and Extraordinary General Meetings, the quorum shall be calculated on the entire number of shares constituting the authorised capital, excluding non-voting shares as provided by law.

• In all cases, the resolutions of Extraordinary General Meetings are passed by a vote in favour by at least two-thirds of the shareholders present, represented or having voted by post.

• Nevertheless, in those cases in which the law so permits, Extraordinary General Meetings may be called a minimum of fifteen (15) days in advance.

• For shares where beneficial ownership and bare ownership are separated, the right to vote is exercised by the beneficial owner (usufruitier) at Ordinary General Meetings, and by the bare owner (nu-propriétaire) at Extraordinary General Meetings.

• Extraordinary General Meetings assemble all the shareholders under the conditions set down by law.

• This could include reimbursement of expenditure incurred by you for attending Board/ Committee meetings, Annual General Meetings, Extraordinary General Meetings, court convened meetings, meetings with shareholders/ creditors/ management, site visits, induction and training (organized by the Company for Directors) and in obtaining, subject to prior consultation with the Board, professional advice from independent advisors in the furtherance of your duties as an Independent Director.

• All General Meetings other than Annual General Meetings shall be called Extraordinary General Meetings.

More Definitions of Extraordinary General Meetings

Extraordinary General Meetings means the meetings of Members held in terms of article 11.3; 1.23. “Finance Committee” means the committee constituted and appointed by the Board in terms of article