Examples of Qualifying WHB Shareholders in a sentence
Independent Board Committee and independent financial adviser The Independent Board Committee has been established for the purpose of making a recommendation to the Qualifying WHB Shareholders as to whether the Offers are fair and reasonable and as to acceptance.
Overseas Qualifying WHB Shareholders and WHB OptionholdersIf you are an overseas WHB Shareholder or WHB Optionholder, please see the important information in the section headed “Overseas Qualifying WHB Shareholders and WHB Optionholders” in Appendix I to this Composite Document.
On 1 April 2014, OCBC, the Offeror and WHB jointly announced that BofAML, on behalf of the Offeror, firmly intends, subject only to the satisfaction or waiver of the Pre-Conditions, to make a voluntary conditional cash offer (i) to acquire all of the issued WHB Shares held by Qualifying WHB Shareholders at an offer price in cash of HK$125 per WHB Share (the Share Offer) and (ii) to cancel all outstanding Options and all unvested Awards (the Option Offer).
For each WHB Share HK$125 in cash The Share Offer will be extended to all Qualifying WHB Shareholders in accordance with the Code.
The relevant amount of stamp duty payable by the Qualifying WHB Shareholders will be deducted from the consideration payable to the Qualifying WHB Shareholders under the Share Offer.
OCBC, the Offeror and WHB jointly announce that BofAML, on behalf of the Offeror, firmly intends, subject to the satisfaction or waiver of the Pre-Conditions, to make a voluntary general offer (i) to acquire all of the issued WHB Shares held by Qualifying WHB Shareholders and (ii) to cancel all outstanding Options and all unvested Awards on the following basis: The Share Offer For each WHB Share HK$125 in cash The Share Offer will be extended to all Qualifying WHB Shareholders in accordance with the Code.
To ensure the equality of treatment of all Qualifying WHB Shareholders, registered Qualifying WHB Shareholders who hold the WHB Share(s) as nominees on behalf of more than one beneficial owner should, as far as practicable, treat the holding of each beneficial owner separately.
Qualifying WHB Shareholders should consult their professional advisers if in doubt.
The relatively low dividend yield of WHB of 1.7% at the Offer Price under the Share Offer as compared to those of the Comparable Companies and the Hang Seng Index indicates that the Qualifying WHB Shareholders could accept the Share Offer and reinvest the proceeds in other comparable listed Hong Kong companies at a higher yield.
Qualifying WHB Shareholders are recommended to consult their own professional advisers if they are in any doubt as to the taxation implications of their acceptance of the Offers.