MTN Zakhele Futhi Public Offer definition

MTN Zakhele Futhi Public Offer means the public offering in terms of which Black Participants are invited to subscribe for and beneficially own MTN Zakhele Futhi Ordinary Shares, subject to the qualification criteria of such offer as set out in the prospectus published in respect of the offer;
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Examples of MTN Zakhele Futhi Public Offer in a sentence

  • The MTN Zakhele Futhi Public Offer raised approximately R1.094 billion from more than 81 000 applicants from across South Africa.

  • The share-based payment expense of R2,342 million has been calculated on the basis that the 2016 MTN BEE Transaction is an option which has been granted to the MTN Zakhele Futhi Ordinary Shareholders, with their equity contributions from the MTN Zakhele Futhi Public Offer and the MTN Zakhele Re-investment being treated as a premium paid by the MTN Zakhele Futhi Ordinary Shareholders for this option.

  • As for the private budget ϵ, we follow the analysis of Ninghui Li et al.

  • The MTN Zakhele Futhi Public Offer of R1 billion and the MTN Zakhele Re-investment of R1,468 million are incorporated into the option valuation and have the effect of reducing the value of the option.

  • In addition, MTN will recognise additional cash of R234 million from the MTN Zakhele Futhi Public Offer.

  • Prospectuses containing the details of the MTN Zakhele Futhi Public Offer will be made available to members of the Black Public who wish to participate physically at participating Nedbank branches and MTN stores around South Africa and electronically via web platforms.

  • In addition, Black Participants that are found to have misrepresented their BEE Status may be guilty of a criminal offence (fraud).7.3 MTN Underwrite OptionIn the event that the aggregate equity raised in the MTN Zakhele Futhi Public Offer and pursuant to the MTN Zakhele Re- investment Offer does not exceed the Minimum Equity Raise, the 2016 MTN BEE Transaction will not be implemented.

  • The cash raised by MTN Zakhele Futhi under the MTN Zakhele Futhi Public Offer exceeded the minimum amount of cash required for the 2016 MTN BEE Transaction to proceed (being an amount of R250 million).

  • It may be scaled down should public subscriptions under the MTN Zakhele Futhi Public Offer and/or the number of MTN Zakhele Shares in respect of which MTN Zakhele Shareholders elect the Re-investment Option not be sufficient.

  • The minimum subscription required for participation in the MTN Zakhele Futhi Public Offer is R2 000 (i.e. 100 MTN Zakhele Futhi Ordinary Shares), with no maximum on subscriptions.

Related to MTN Zakhele Futhi Public Offer

  • Qualifying Public Offering means a firm commitment underwritten public offering of Stock for cash where the shares of Stock registered under the Securities Act are listed on a national securities exchange.

  • Qualified Public Offering means the initial underwritten public offering of common Equity Interests of Holdings or any direct or indirect parent of Holdings or the Company pursuant to an effective registration statement filed with the SEC in accordance with the Securities Act (other than a registration statement on Form S-8 or any successor form).

  • Underwritten Public Offering means an underwritten Public Offering, including any bought deal or block sale to a financial institution conducted as an underwritten Public Offering.

  • Initial Public Offering means an offering of securities registered under the Securities Act of 1933, the issuer of which, immediately before the registration, was not subject to the reporting requirements of sections 13 or 15(d) of the Securities Exchange Act of 1934.

  • Portfolio Securities or "investments" of the Series shall mean, respectively, such assets, net assets, securities, portfolio securities or investments which are from time to time under the management of the Subadviser pursuant to this Agreement.

  • TERMINATION OF THE INITIAL PUBLIC OFFERING means the earlier of (i) the date on which the Initial Public Offering expires or is terminated by the Company or (ii) the date on which all shares of stock offered in the Initial Public Offering are sold, excluding warrants, if any, offered thereunder and shares that may be acquired upon exercise of such warrants and shares offered thereunder that may be acquired pursuant to the Reinvestment Plan.

  • COMMENCEMENT OF THE INITIAL PUBLIC OFFERING means the date that the Securities and Exchange Commission declares effective the registration statement filed under the Securities Act for the Initial Public Offering.

  • Initial Public Offering Price means the price per share of APP Common Stock received by APP before underwriting commissions, discounts or other fees in connection with its Initial Public Offering.

  • CCMA means the Commission for Conciliation, Mediation and Arbitration established in terms of section 112 of the Labour Relations Act, 1995;

  • EUMA means the “SAP Delivered Support Agreement” which sets out the terms and conditions under which SAP provides support to End Users and which will be provided by SAP on a deal by deal basis.

  • Public Offering means any offering by the Company of its equity securities to the public pursuant to an effective registration statement under the Securities Act or any comparable statement under any comparable federal statute then in effect (other than any registration statement on Form S-8 or Form S-4 or any successor forms thereto).

  • Qualified Initial Public Offering means a firm underwritten offering of the Company pursuant to a registration statement under the Securities Act (i) of common Capital Stock having an aggregate gross offering price of at least $50,000,000 and (ii) reasonably expected to result in more than 100 holders of record of Voting Stock of the Company (exclusive of holdings of Affiliates and employees of the Company).

  • Public Offering Price means the price per Share of the Fund at which NLD or selected dealers or selected agents may sell Shares to the public or to those persons eligible to invest in Shares as described in the Prospectus of the Funds, determined in accordance with such Prospectus under the Securities Act relating to such Shares.

  • Initial Public Offering” (“IPO means an offering of securities registered under the 1933 Act, the issuer of which, immediately before the registration, was not subject to the reporting requirements of Sections 13 or 15(d) of the 1934 Act.

  • B-BBEE means broad-based black economic empowerment as defined in section 1 of the Broad-Based Black Economic Empowerment Act;

  • Public Equity Offering means an underwritten public offering of Qualified Capital Stock of the Company pursuant to a registration statement filed with the Commission in accordance with the Securities Act.

  • Home solicitation sale means a sale of goods or services of more than $25.00 in which the seller or a person acting for the seller engages in a personal, telephonic, or written solicitation of the sale, the solicitation is received by the buyer at a residence of the buyer, and the buyer's agreement or offer to purchase is there given to the seller or a person acting for the seller. Home solicitation sale does not include any of the following:

  • THCA or "Δ9-THCA" means the acid form of THC.

  • Initial Public Offering” or “IPO means an offering of securities registered under the Securities Act of 1933, the issuer of which, immediately before the registration, was not subject to the reporting requirements of Sections 13 or 15(d) of the Securities Exchange Act of 1934.

  • Initial Business Combination means the acquisition by the Company, whether through a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization or similar type of transaction, of one or more business or entities (“Target Business” or “Target Businesses”), whose collective fair market value is equal to at least 80% of the balance in the Trust Account and resulting in ownership by the Company or the holders of IPO Shares of at least 51% of the voting equity interests of the Target Business or Businesses or all or substantially all of the assets of the Target Business or Businesses;

  • Public Xxxxxx shall have the meaning assigned to such term in Section 10.01(d).

  • Market Seller Offer Cap means a maximum offer price applicable to certain Market Sellers under certain conditions, as determined in accordance with Tariff, Attachment DD. section 6 and Tariff, Attachment M-Appendix, section II.E.

  • NYSE American means the NYSE American LLC;

  • Retail transaction means the purchase of prepaid wireless telecommunications service from a seller for any purpose other than resale.

  • WOj means the lowest performance (expressed as a percentage) among the Indices as determined by the Calculation Agent in accordance with the following formula: Mini = 1 to 2 Where:

  • Delaware Business Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time.