MTN Consideration Shares definition

MTN Consideration Shares means the MTN Shares which MTN Zakhele Shareholders may elect to receive in accordance with and subject to the terms of the MTN Zakhele Unwinding Scheme;
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Examples of MTN Consideration Shares in a sentence

  • Scheme Participants can, subject to the provisions of the Scheme, elect to receive the: (i) MTN Consideration Shares; or (ii) Cash Consideration; or (iii) if the New Empowerment Transaction is implemented, MTNZ Futhi Consideration Shares; or (iv) a combination thereof.

  • If the New Empowerment Transaction is not implemented, Scheme Participants will not be eligible to receive the MTNZ Futhi Consideration Shares and will instead receive either MTN Consideration Shares or Cash Consideration.

  • If a Scheme Participant elects to receive MTN Consideration Shares in respect of less than 200 (two hundred) of the MTNZ Shares held by it (in aggregate), that Scheme Participant will be deemed to have elected to receive the Cash Consideration in the place of the MTN Consideration Shares so elected.

  • If you hold your MTNZ Shares through Pacific Nominees, you will have your Cash Consideration and/or MTN Consideration Shares credited to your account with Pacific Nominees, which in turn will be paid into your nominated bank account.

  • In terms of the Scheme, Scheme Participants will be granted rights to their corresponding Base Entitlement Shares if and to the extent to which they elect (or are deemed to have elected) to receive either MTN Consideration Shares and/or the Cash Consideration as or as part of their Scheme Consideration.

  • If the New Empowerment Transaction is not implemented, Scheme Participants will not be eligible to receive MTNZ Futhi Consideration Shares and will instead receive either MTN Consideration Shares or Cash Consideration.

  • Each Scheme Participant who elects to receive the MTN Consideration Shares and/or Cash Consideration will be deemed to have consented to MTNZ, the CSDP’s, the MTNZ Transfer Secretaries and/or the MTN Group Transfer Secretaries, as applicable, withholding so much of its MTN Consideration Shares and/or Cash Consideration as may be necessary to pay for this STT liability.

  • Under no circumstances will MTNZ be liable for any costs, expenses, liabilities, Taxes and/or losses incurred or suffered by Scheme Participants directly or indirectly relating to: (i) such new Custody and Settlement Agreements; or (ii) for any failure on the part of a Scheme Participant who elected to receive MTN Consideration Shares to enter into the new Custody and Settlement Agreements.

  • Any gains or losses realised in respect of the disposal by MTNZ, for and on behalf of the Scheme Participants, of the MTN Consideration Shares distributed to Scheme Participants in order to realise the Cash Consideration component of the Scheme Consideration, will be principally for the account of such Scheme Participants.

  • Scheme Participants must elect to receive MTN Consideration Shares in respect of at least 200 (two hundred) of the MTNZ Shares held by them (in aggregate) – whether as their primary election or as (or when combined with) their “fall-back” election (and must therefore hold at least 200 (two hundred) MTNZ Shares on the Scheme Consideration Record Date).

Related to MTN Consideration Shares

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

  • Stock Consideration has the meaning set forth in Section 2.01(c).

  • Per Share Stock Consideration has the meaning set forth in Section 3.01(a)(i).

  • Common Stock Consideration has the meaning set forth in Section 1.6(b).

  • Aggregate Stock Consideration means a number of shares of Acquiror Common Stock equal to the quotient obtained by dividing (i) (x) the Base Purchase Price less (y) the Aggregate Cash Consideration, by (ii) $10.00.

  • Per Share Consideration means (i) if the consideration paid to holders of the Common Stock consists exclusively of cash, the amount of such cash per share of Common Stock, and (ii) in all other cases, the volume weighted average price of the Common Stock as reported during the ten (10) trading day period ending on the trading day prior to the effective date of the applicable event. If any reclassification or reorganization also results in a change in shares of Common Stock covered by subsection 4.1.1, then such adjustment shall be made pursuant to subsection 4.1.1 or Sections 4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. In no event will the Warrant Price be reduced to less than the par value per share issuable upon exercise of the Warrant.

  • Share Consideration has the meaning given to it in Section 2.2;

  • Exchangeable Share Consideration has the meaning provided in the Exchangeable Share Provisions;

  • Option Consideration has the meaning set forth in Section 3.3(a).

  • Transaction Consideration has the meaning set forth in Section 11.7 hereof.

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

  • Acquisition Consideration means the purchase consideration for any Permitted Acquisition and all other payments by Borrower or any of its Subsidiaries in exchange for, or as part of, or in connection with, any Permitted Acquisition, whether paid in cash or by exchange of Equity Interests or of properties or otherwise and whether payable at or prior to the consummation of such Permitted Acquisition or deferred for payment at any future time, whether or not any such future payment is subject to the occurrence of any contingency, and includes any and all payments representing the purchase price and any assumptions of Indebtedness, “earn-outs” and other agreements to make any payment the amount of which is, or the terms of payment of which are, in any respect subject to or contingent upon the revenues, income, cash flow or profits (or the like) of any person or business; provided that any such future payment that is subject to a contingency shall be considered Acquisition Consideration only to the extent of the reserve, if any, required under GAAP at the time of such sale to be established in respect thereof by Borrower or any of its Subsidiaries.

  • Conversion Consideration shall have the meaning specified in Section 14.12(a).

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

  • Purchase Consideration means the aggregate net cash proceeds received by the Company or Specialty Foods Corporation ("SFC") (after deducting all fees and expenses incurred by the Company, SFC and/or their respective affiliates in connection with the Sale). By way of example, if the Purchase Consideration equaled $400,000,000, your Sale Bonus would be $400,000.00. The Sale Bonus shall be paid to you within three (3) months of the completion of the Sale.

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

  • Merger Consideration has the meaning set forth in Section 3.1(a).

  • Per Share Merger Consideration has the meaning set forth in Section 3.1(a).

  • Net Consideration means “net consideration” as defined in Regulation Section 1.848-2(f));

  • Earn-Out Consideration is defined in Section 2.5(c).

  • Per Share Cash Consideration has the meaning set forth in Section 3.01(a)(ii).

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

  • Minimum Consideration means the $.01 par value per share or such larger amount determined pursuant to resolution of the Board to be capital within the meaning of Section 154 of the Delaware General Corporation Law.

  • Earnout Consideration has the meaning set forth in Section 2.6 below.

  • Closing Consideration shall have the meaning set forth in Section 2.1(b).

  • Exchange Consideration shall have the meaning set forth in Section 11(b)(i).