Examples of Oceana Shareholders in a sentence
The proceeds from the Proposed Rights Offer is expected to be used to repay the Equity Bridge Facility, and the illustrative issuance of the new Oceana shares has been included to provide Oceana Shareholders with a better understanding of the potential effects of the proposed capital structure on the per share accounting metrics.
The Proposed Arrangement is subject to the approval of Oceana Shareholders by way of ordinary resolution passed at a general meeting ("General Meeting").
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT As the Pro Forma Financial Effects have now been released, Oceana Shareholders no longer need to exercise caution when dealing in their Oceana securities.
Other than Oceana Convertible Securities, there are no securities of Oceana or of any of its subsidiaries outstanding which have the right to vote generally (or are convertible into or exchangeable for securities having the right to vote generally) with the Oceana Shareholders on any matter.
Indicative timelines pertaining to the Proposed Acquisition are expected to be as follows: 2015 Posting of the Circular to Oceana Shareholders mid June General meeting of Oceana Shareholders mid – late July Completion of Proposed Acquisition late July The indicative timing as set out above is subject to variation.
Oceana Shareholders are advised that the Company is in the process of completing the pro forma financial effects of the Proposed Acquisition (“the Pro Forma Financial Effects”) and will release a further announcement setting out the Pro Forma Financial Effects in due course.Accordingly, further to the cautionary announcements dated 11 May 2015 and 14 May 2015, Oceana Shareholders are advised to continue to exercise caution when dealing in their Oceana securities until such information is released.
Accordingly, approval by the requisite majority of Oceana Shareholders present and voting at a general meeting of Oceana Shareholders (“the General Meeting”) will be required for the Proposed Acquisition and the special and ordinary resolutions necessary to implement the Proposed Rights Offer.A circular to Oceana Shareholders (“the Circular”) setting out the full terms of the Proposed Acquisition, including the notice of the General Meeting, will be posted in due course.