Proposing Shareholder definition
Examples of Proposing Shareholder in a sentence
If any of the Shareholders has delivered a Shareholder Offer within the Sale Election Period, the Company and the other Shareholders shall consummate the Shareholder Transaction within 90 days of receipt by the Proposing Shareholder of the Shareholder Offer.
The Company shall be entitled to publish any information provided by a Proposing Shareholder or Alternate Nominee pursuant to this Article 40(e) and Article 26, and the Proposing Shareholder and Alternate Nominee shall be responsible for the accuracy and completeness thereof.
Any such rejection shall constitute a "Deadlock" for the purposes of Article XXI and the rejecting Party shall be deemed to be Proposing Shareholder.
For purposes of this Section 5, "Proposing Shareholder" shall mean AW until his death and then, if JW survives AW, JW until her death, and then, if DW survives AW and JW, DW until his death.
The Board of Directors may require a Proposing Shareholder to furnish such other documentation and/or information as it may require (i) to establish or verify the information required by Article 11.6; or (ii) that could otherwise be material to a reasonable shareholder’s understanding of the business or other matter proposed by the Proposing Shareholder.
For the avoidance of doubt, where the SLPs have not given notice in writing pursuant to this clause 5.1, only GSK shall be entitled to act as the Proposing Shareholder and/or the Tag Shareholder in respect of the GSK Shareholder Group.
The Company shall be entitled to publish any information provided by a Proposing Shareholder pursuant to this Article 34(e) and Article 20, and the Proposing Shareholder shall be responsible for the accuracy and completeness thereof.
In such event, any Proposing Shareholder who offered to purchase through its Notice of Acceptance a smaller number of Shares to which he/she would otherwise be entitled pursuant to the above-mentioned criteria, they shall purchase only such smaller number of Shares and, in such case, the remaining Shares shall be assigned by the Board pursuant to the above-mentioned criteria among the other Proposing Shareholder(s) who offered to purchase a larger number of Shares.
For business to be properly brought before an annual meeting by a Proposing Shareholder, the Proposing Shareholder must have given timely notice in writing to the Secretary of the Corporation.
The nomination made by the Proposing Shareholder may only be made in a meeting of the Shareholders called for the election of Directors at which the Proposing Shareholder is present in person or by proxy, and can only be made by a Proposing Shareholder who has complied with the notice provisions of this Section.