Golden Shares definition

Golden Shares means the Company’s shares of class or classes (however designated) as the board of directors may determine in accordance with the Articles of Association.
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Golden Shares means all of them;
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Golden Shares have been a traditional means in some countries to ensure government influence over certain companies, especially after the privatisation of infrastructure assets. These shares typically grant voting rights in an enterprise beyond the proportion of invested capital and hence allow governments to exert control without committing significant capital. Many countries have abolished their golden share arrangements for various reasons in the 1990s, but in early 2019, as part of wider reforms, France expanded an existing “golden share” arrangement as a tool to manage essential security risks on a permanent basis – as an “owner”.33 A major technology
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Examples of Golden Shares in a sentence

  • The Company’s articles of association provide that the Golden Shares can only be transferred to other partnerships (samenwerkingsverbanden) between municipalities and to municipalities, provinces or other public law entities or private companies that are controlled directly or indirectly by public law entities.

  • The Golden Shares can only be transferred per lot of three Golden Shares.

  • All shares are ordinary shares, listed on Euronext Brussels, with the exception of 30 Golden Shares and 94,843 Liquidation Dispreference Shares to which certain specific rights or obligations are attached, as described in the articles of association and the Corporate Governance Charter.

  • See James Kanter, EU’s Top Court Further Curbs Use of Golden Shares, Wall St. J., May 14, 2003, at A12.

  • Golden Shares for Governments: A type of share that gives its shareholder veto power over changes to the company's charter.

  • All shares are ordinary shares, listed on Euronext Brussels, with the exception of 30 Golden Shares and 1,665,087 Liquidation Dispreference Shares to which certain specific rights or obligations are attached, as described in the Articles of Association and the Corporate Governance Charter.

  • The board of directors hereby gives the following explanations concerning the respective elements to be addressed under these rules:• A comprehensive overview of the capital structure of the Company can be found in note 5.11 to the consolidated financial statements of the Company.• Restrictions on the transfer of shares extend only to the 30 Golden Shares.

  • The Golden Shares attribute certain rights to the financing intercommunales (who hold all 30 Golden Shares) in relation to the public interest guarantees, as further described in the articles of association and the Corporate Governance Charter of the Company.- Share option and share purchase plans are described in Notes 5.10.1 and 5.10.2 to the consolidated financial statements of the Company.

  • But see Jaron Van Bekkum, Joost Kloosterman & Jaap Winter, Golden Shares and European Company Law: The Implications of Volkswagen, 5 EUR.

  • The Company’s articles of association provide that the Golden Shares can only be transferred to other partnerships(samenwerkingsverbanden) between municipalities and to municipalities, provinces or other public law entities or private companies that are controlled directly or indirectly by public law entities.


More Definitions of Golden Shares

Golden Shares means those shares of HKND designated as Golden Shares in the memorandum and articles of association of HKND and having the rights and being subject to the restrictions as set out in the memorandum and articles of association of HKND and the Securityholders' Agreement;
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Golden Shares means that the Italian Go
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Related to Golden Shares

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Amalco Shares means common shares in the capital of Amalco;

  • Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • H Shares means the overseas-listed foreign invested shares in the share capital of the Company with a nominal value of RMB1.00 each, which are subscribed for and traded in Hong Kong Dollars;

  • Subco Shares means the common shares in the capital of Subco;

  • Public Shares means the Ordinary Shares included in the Units issued in the Public Offering; (vi) “Trust Account” shall mean the trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b); and (viii) “Charter” shall mean the Company’s Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Subscriber Shares means the Shares which the subscribers to the Instrument of the ICAV agree to subscribe for as more particularly hereinafter set forth after their names.

  • Acquisition Shares means the shares of an Acquiring Fund to be issued to the corresponding Target Fund in a reorganization under this Agreement.

  • Newco Shares means the common shares in the capital of Newco;

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Holdco Shares means the ordinary shares of HoldCo with a par value of US$0.0001 per share.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Purchased Stock means a right to purchase Common Stock granted pursuant to Article IV of the Plan.

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • sweat equity shares means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called;

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Consideration Shares shall have the meaning set forth in Section 2.7(c).

  • Equity Shares means the Common Shares and any shares of any other class or series of the Corporation which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation beyond a fixed sum or a fixed sum plus accrued dividends;

  • Pubco Shares means fully paid and non-assessable common shares of Pubco to be issued to the Selling Shareholders by Pubco upon Closing on the basis of 1 Pubco Share for 5.4935 Priveco Shares;