Preference Share Acquisition definition

Preference Share Acquisition means the proposed acquisition by Henderson Group of the New Star
Sample 1

Examples of Preference Share Acquisition in a sentence

  • The price will be adjusted by varying the number of New Ordinary Shares to be issued under the Preference Share Acquisition.

  • The Banks have also agreed to sell all of their holding (representing 94 per cent.) of New Star Preference Shares to be issued under the proposed New Star Restructuring to Henderson under the Preference Share Acquisition.

  • The price will be adjusted by varying the number of New Henderson Shares that may be issued under the Preference Share Acquisition.

  • The Preference Share Acquisition is expected to value each New Star Preference Share at up to 73.4 pence and the then issued preference share capital of New Star at up to £73.4 million, based on the closing middle market price per Henderson Ordinary Share of 62 pence on 29 January 2009.

  • The terms of the Preference Share Acquisition also provide for a downward adjustment to the cash consideration payable to New Star Preference Shareholders by the amount (if any) that the closing unrestricted cash balance of New Star on the day prior to the day on which the Offer becomes or is declared wholly unconditional (or, if earlier, 15 May 2009) is ess than £20 million.

  • This is a valuable finding given many people's discomfort with expressing numerical probabilities (yet they seem to have little difficulty with the probability-equivalent decile scale).

  • Under the terms of the Preference Share Acquisition, 94 million New Star Preference Shares in issue will be acquired by Henderson Group on completion and, in respect of a further 6 million unissued New Star Preference Shares, options will be granted to certain directors and employees within the New Star Group.

  • Henderson, New Star and the Banks have entered into the Implementation Agreement which provides, amongst other things, for the implementation of the Preference Share Acquisition, and contains certain assurances and confirmations between the parties, including in relation to: • using reasonable efforts to ensure the implementation of the Offer; and • undertakings being given in relation to the acceptance by the Banks of the Offer.

  • Although the Preference Share Acquisition is subject to a price adjustment as described in paragraph 2 of this Part V, the Offer will not be subject to any price adjustment mechanism.The Offer is conditional on, among other things:• acceptances in relation to the Offer being received in respect of not less than 90 per cent.

  • The funding comprises: • Internal cash resources of approximately £50 million;• Cash raised from the placing of New Henderson Shares of approximately £40 million; and• The issue of approximately 40.3 million New Henderson Shares, valued at £25 million, to the New Star Preference Shareholders pursuant to the Preference Share Acquisition, assuming no price adjustment.

Related to Preference Share Acquisition

  • Share Acquisition Date means the first date of public announcement by the Company (by press release, filing made with the Securities and Exchange Commission or otherwise) that an Acquiring Person has become such.

  • Control share acquisition means the acquisition by any Person of Beneficial Ownership of shares of the Trust, which, but for the provisions of this Article XIII, would have voting rights and which, when added to all other shares of the Trust beneficially owned by such Person (including shares otherwise included in the categories enumerated in Section 1(c)(2)(i) through (vi) below), would entitle such Person, upon acquisition of such shares, to vote or direct the voting of shares of the Trust having voting power in the election of Trustees (except for elections of Trustees by preferred shareholders of the Trust voting as a separate class) within any of the following ranges of such voting power:

  • Shares Acquisition Date means the first date of public announcement by the Company or an Acquiring Person that an Acquiring Person has become such.

  • Stock Acquisition means the purchase or other acquisition by Borrower or any of its Subsidiaries of all of the Equity Interests (by merger, stock purchase or otherwise) of any other Person.

  • Pre-Acquisition Reorganization has the meaning set out in Section 6.8;

  • Make-Whole Acquisition Stock Price means the consideration paid per share of Common Stock in a Make-Whole Acquisition. If such consideration consists only of cash, the Make-Whole Acquisition Stock Price shall equal the amount of cash paid per share of Common Stock. If such consideration consists of any property other than cash, the Make-Whole Acquisition Stock Price shall be the average of the Closing Price per share of Common Stock on each of the 10 consecutive Trading Days up to, but not including, the Make-Whole Acquisition Effective Date.

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) under the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such.

  • Dividend Reinvestment Acquisition means an acquisition of Voting Shares pursuant to a Dividend Reinvestment Plan;

  • Initial Merger Consideration has the meaning set forth in Section 2.2(a).

  • Parent Preferred Stock means the preferred stock, par value $0.01 per share, of Parent.

  • Corporate Acquisition means an acquisition by the Corporation or a Subsidiary of the Corporation or the redemption by the Corporation of Voting Shares of the Corporation which by reducing the number of Voting Shares of the Corporation outstanding increases the proportionate number of Voting Shares Beneficially Owned by any Person.

  • Company Series A Preferred Stock means the Series A Preferred Stock, par value $0.0001 per share, of the Company.

  • Common Share Reorganization has the meaning set forth in Section 4.1;

  • Company Series B Preferred Stock means the Series B Preferred Stock, par value $0.0001 per share, of the Company.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

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

  • Preference Shares means the Preference Shares in the capital of the Company of $0.0001 nominal or par value designated as Preference Shares, and having the rights provided for in these Articles.

  • Company Series C Preferred Stock means the Series C Preferred Stock, par value $0.0001 per share, of the Company.

  • Series A Preference Shares means the Series A Preference Shares of £0.05 each in the capital of the Company.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Junior Preferred Stock means ML & Co.'s Series A Junior Preferred Stock, par value $1.00 per share.

  • Senior Preferred Stock means the Series A Preferred Stock and the Series B Preferred Stock.

  • Final Merger Consideration has the meaning set forth in Section 2.10(b)(ii)(D).

  • Series H Preferred Stock means shares of the Company’s Series H Preferred Stock, par value $0.0001 per share.

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.