Examples of Material Ownership Interest in a sentence
Examples of circumstances where a holder could hit the Material Ownership Interest threshold through no voluntary action of its own include cancellation of treasury stock, share redemptions and reductions of capital stock through share cancellations, and acquisition by universal succession (of a deceased shareholder).
Where the acquirer of a Material Ownership Interest fails to sell the surplus shares in the manner and within the deadlines prescribed in paragraph 5 of this article, such acquirer shall be required, within ten (10) calendar days after the expiration of the three-month deadline set forth in paragraph 5 of this article, to announce a firm Material Ownership Tender Offer where the offer price shall at least equal the price determined pursuant to the offer price-setting criterion defined by the Panel.
Material Ownership Interest: At least 5% of the entity with which the Foundation intends to do business.
The procedures for the communication and disclosure of information about Securities trading that involves Material Ownership Interest, as provided for in this Section 10, are based on article 12 of CVM Instruction 358.
The communication and disclosure procedures of information about the Securities trading involving Material Ownership Interest, as set forth in this Section 10, are based on article 12 of CVM Instruction 358.
A shareholder or Shareholder Group which, in a single or a series of transactions, directly or indirectly attains a Material Ownership Interest in shares of an Adherent Company shall be required (i) promptly to release a notice of material fact, as prescribed by CVM Ruling 358 dated January 3, 2002, and (ii) to carry out a Material Ownership Tender Offer for all other shares and securities convertible into shares issued by the Adherent Company.
The Controlling Shareholder, direct or indirect, and the shareholders who elect members of the Company Board of Directors shall communicate to the Company the acquisition or disposal of Material Ownership Interest, including the information comprised in the form model, according to Annex IV of this Disclosure Policy.
The Material Ownership Tender Offer must be announced no later than forty-five (45) calendar days after the date the shareholder hits the Material Ownership Interest threshold (the tender offer trigger).
The offer requirement shall not apply where, at the time of adherence to the authority of the Panel, there is a Shareholder Group collectively interested in voting shares representing over fifty percent (50%) of the shares of voting stock of the Adherent Company, and a member of this Shareholder Group subsequently increases its individual holdings, directly or indirectly, to become itself a materially interested shareholder (within the Material Ownership Interest threshold).
There was a pre-tax loss of €26m in the business compared to a loss of €48m at 30 June 2018, which included the effects of the higher write-downs.