Examples of Plans of Arrangement in a sentence
There are a couple of regimes (Receivership and Corporate Plans of Arrangement) that do not provide safe-harbours for eligible financial contracts.
As at June 30, 2017, 52,349,902 (2016: 21,188,842) convertible Series A preferred shares were outstanding and will be redeemed once the spinout transactions are completed under the 2014 and 2017 Plans of Arrangement.
No assets were classified as held for sale as the Eviana spin-out as it was pursuant to the Company’s 2017 Plans of Arrangement and contemplation, identification, and completion of the transaction occurred in the same fiscal year with all transaction details and amounts agreed between parties in Q4 of fiscal 2017.
PROSPECTUS NON-OFFERING PROSPECTUS January 28, 2016 Breathtec Biomedical, Inc.(“Breathtec”) This Prospectus is being filed with the British Columbia, Alberta, and Ontario Securities Commissions for the purpose of complying with Notice 2015-003 Regulatory Guidance on Plans of Arrangement and Capital Structure published by the Canadian Securities Exchange (the “Exchange”).
Issued: December 31, 2018June 30, 2018SharesAmount, $SharesAmount, $Class A preferred shares Balance, beginning of period31,161,0604,00052,349,9026,000Issued – Plans of Arrangement——(21,188,842)(2,000)Redeemed————Closing balance31,161,0604,00031,161,0604,000 The Class A - preferred shares, with an average redemption price of $0.000115 each for a total value of $4,000, are non-voting, non-participating and are mandatorily redeemable by the Company in accordance with the Plans of Arrangement.
As at June 30, 2019 and 2018, 31,161,060 convertible Class (or series) A preferred shares with $4,000 fair value were outstanding and will be redeemed once the spin-out (divesting) transactions are completed under the 2017 Plans of Arrangement.
The Arrangements shall become effective at the respective Effective Times provided in the Plans of Arrangement and neither Arrangement shall become effective unless the other Arrangement becomes effective.
No assets were classified as held for sale as the Eviana spin- out as it was pursuant to the Company’s 2017 Plans of Arrangement and contemplation, identification, and completion of the transaction occurred in the same fiscal year with all transaction details and amounts agreed between parties in Q4 of fiscal 2017.
Each party hereto shall, from time to time, and at all times hereafter, at the request of the other of them, but without further consideration, do, or cause to be done, all such other acts and execute and deliver, or cause to be executed and delivered, all such further agreements, transfers, assurances, instruments or documents as shall be reasonably required in order to fully perform and carry out the terms and intent hereof including, without limitation, the Plans of Arrangement.
As at December 31, 2018, 31,161,060 convertible Class (or series) A preferred shares with $4,000 fair value (June 30, 2018: 31,161,060; $4,000 value) were outstanding and will be redeemed once the spin-out (divesting) transactions are completed under the 2017 Plans of Arrangement.