John Laing definition
Examples of John Laing in a sentence
The value placed by the Acquisition on the existing issued ordinary share capital of John Laing is based on 493,870,636 John Laing Shares in issue on 18 May 2021, being the latest practicable date prior to publication of this Announcement.
The following John Laing Shareholder has given a non-binding letter of intent to vote in favour of the Scheme at the Court Meeting and the resolutions to be proposed at the John Laing General Meeting: Soros Fund Management LLC 20,384,506 4.13% * based on the number of John Laing Shares in issue on 18 May 2021 (being the latest practicable date prior to publication of this Announcement).
In the event that the New Joiners’ employment commences after the Effective Date, Bidco agrees to procure that the New Joiners are granted cash awards of equivalent value immediately upon commencing employment with John Laing.
In such circumstances, John Laing Shareholders would be entitled to retain any such dividend or other distribution.
Any existing letters of credit that have been issued under the existing financing arrangements of the John Laing Group to support obligations relating to the AssetCo Group shall be backstopped and/or replaced by the KKR Investor and Equitix Holdco pro rata to their ownership interest in the ordinary shares of John Laing Investments Limited from time to time.
If any dividend or other distribution is declared, made or paid in respect of John Laing Shares on or after the date of this Announcement, Bidco reserves the right to reduce the Acquisition Price by the amount of such dividend or other distribution.
The receipt of cash pursuant to the Acquisition by a US John Laing Shareholder as consideration for the transfer of its John Laing Shares pursuant to the Scheme will likely be a taxable transaction for United States federal income tax purposes and under applicable United States state and local, as well as foreign and other, tax laws.
Also, in accordance with Rule 14e-5(b) of the US Exchange Act, each of Evercore, Barclays, Peel Hunt and Goldman Sachs International will continue to act as a connected exempt principal trader in John Laing Shares on the London Stock Exchange.
Prior to the issuance of the AssetCo Issuance Shares to Equitix Holdco, Bidco shall be required to arrange for the listing of John Laing to be cancelled, and for John Laing to be re-registered as a private limited company.
Evercore, which is authorised and regulated by the Financial Conduct Authority in the UK, is acting exclusively as financial adviser to John Laing and no one else in connection with the Acquisition and will not be responsible to anyone other than John Laing for providing the protections afforded to clients of Evercore nor for providing advice in connection with the matters referred to herein.