Examples of Lion Shares in a sentence
The Benchmark Amount and the High Water Mark which apply at the commencement of the first financial year (ie on the day on which trading in New Lion Shares commences on ASX) are to be the same as the Benchmark Amount and the High Water Mark which apply under the Lion Management Agreement on the last day on which Lion shares trade on ASX and adjusted to reflect the difference between the capital of Lion and the capital of New Lion.
The New Lion Shares may be transferred by any computerised or electronic system of transferring or dealing with New Lion Shares established or recognised by the Corporations Act, the ASX Listing Rules or the ASTC Settlement Rules and as otherwise permitted by the Corporations Act or by a document, the usual form of which is permitted by law.
These situations depend on the circumstances of the New Lion Shareholder, including the period for which New Lion Shares are held and the extent to which an Australian resident New Lion Shareholder holds shares “at risk”.
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The AuSelect Scheme is a legal arrangement between AuSelect and all AuSelect Shareholders under which, subject to satisfaction or waiver of the conditions of the AuSelect Scheme and implementation of the AuSelect Scheme, all AuSelect Shareholders will exchange their AuSelect Shares for New Lion Shares.
Subject to the provisions of the Corporations Act and the ASX Listing Rules, New Lion may buy back New Lion Shares on terms and at times determined by the Board.
Certain of these factors could affect the trading price of New Lion Shares, regardless of its operating performance.
The New Lion Board may refuse to register a transfer of New Lion Shares only if that refusal would not contravene the ASX Listing Rules or the ASTC Settlement Rules.
The equity component will be payable by way of New Lion Shares based on the 5 day average price for New Lion Shares over the first 5 days of trading of those shares on ASX.
The Lion Scheme is a legal arrangement between Lion and all Lion Shareholders under which, subject to satisfaction or waiver of the conditions of the Lion Scheme and implementation of the Lion Scheme, all Lion Shareholders will exchange their Lion Shares for New Lion Shares and New Lion Options.