Parent ADS definition

Parent ADS means an American depositary share of Parent representing a beneficial interest in one (1) Parent Ordinary Share.

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Parent ADS means an American depositary share of Parent representing a beneficial interest in 0.5 Parent Ordinary Shares.

Parent ADS means an American depositary share of Parent representing a beneficial interest in six newly issued Parent Ordinary Shares.

Examples of Parent ADS in a sentence

At and after the Exchange Effective Time, each Parent Ordinary Share and Parent ADS issued and outstanding immediately prior to the Closing Date shall remain issued and outstanding and shall not be affected by the Share Exchange.
For purposes of the preceding sentence, the value of the component of the Merger Consideration that consists of Parent ADSs shall equal the product of (x) the Exchange Ratio and (y) the Parent ADS Price.
No certificate or scrip representing fractional Parent ADSs or Parent Ordinary Shares will be issued in the Merger upon the surrender for exchange of Certificates, and such fractional Parent ADS or Parent Ordinary Share interests will not entitle the owner thereof to vote or to any rights of a holder of Parent ADSs or Parent Ordinary Shares.
A holder of Shares converted in the Merger who would otherwise have been entitled to a fractional Newco ADS shall be entitled to receive a cash payment (without interest) in lieu of such fractional share in an amount determined by multiplying (i) the fractional share interest to which such holder would otherwise be entitled by (ii) the closing price per Parent ADS as reported on the NYSE Composite Transaction Tape on the Closing Date.
No certificates, American depositary receipts or scrip representing fractional Parent ADSs shall be distributed upon the conversion of Company Common Stock pursuant to Section 2.01, no dividends or other distributions of Parent shall relate to such fractional Parent ADS interests and such fractional Parent ADS interests will not entitle the owner thereof to vote or to any rights of a shareholder of Parent.

More Definitions of Parent ADS

Parent ADS means an American Depositary Share of Parent representing five Parent Ordinary Shares.

Parent ADS means an ADS, each currently representing the right to receive ten ordinary Parent Shares (and includes any additional Parent Shares at any time deposited or deemed deposited under the ADS Agreement and any other securities, cash and property received by the ADS Depositary in respect thereof and at such time held under the ADS Agreement); provided, that Parent expects to enter into an amendment to the ADS Agreement following completion of the Arrangement to cause each Parent ADS to represent the right to receive two ordinary Parent Shares, following the effectiveness of which holders of Parent ADSs outstanding at such time will receive additional Parent ADSs to reflect such change.

Parent ADS is defined in Section 2.1(c) of this Agreement.

Parent ADS means a Parent American Depositary Share representing six Parent Ordinary Shares.

Parent ADS means an American Depositary Share of Parent representing five Parent Ordinary Shares. “Parent Acquisition Proposal” means an Acquisition Proposal with respect to Parent.

Parent ADS means the American depositary shares covering Parent’s Ordinary Shares.

Parent ADS means an American depositary share, each currently representing the right to receive ten Parent Shares (and includes any additional Parent Shares at any time deposited or deemed deposited under the ADS Agreement and any other securities, cash and property received by the ADS Depositary in respect thereof and at such time held under the ADS Agreement); provided, that Parent expects to enter into an amendment to the ADS Agreement following completion of the Arrangement to cause each Parent ADS to represent the right to receive two Parent Shares, following the effectiveness of which holders of Parent ADSs outstanding at such time will receive additional Parent ADSs to reflect such change;