regular-way definition

regular-way and “ex-distribution” trading? Beginning on or shortly before the Record Date and continuing up to and through the Distribution Date, it is expected that there will be two markets in common shares of LS: a “regular-way” market and an “ex-distribution” market. Common shares of LS that trade in the “regular-way” market will trade with an entitlement to shares of Group common stock distributed pursuant to the Distribution. Shares that trade in the “ex-distribution” market will trade without an entitlement to shares of Group common stock distributed pursuant to the Distribution. If you decide to sell any common shares of LS after the Record Date, but before the Distribution Date, you should make sure your stockbroker, bank or other nominee understands whether you want to sell your common shares of LS with or without your entitlement to Group common stock pursuant to the Distribution. Where will I be able to trade shares of Group common stock? Group anticipates that Group common stock will be quoted on the OTC Pink marketplace shortly after the Distribution is completed. Group anticipates that trading in shares of its common stock will begin on a “when-issued” basis on or shortly before the Record Date and will continue up to and through the Distribution Date and that “regular-way” trading in Group common stock will begin on the first trading day following the completion of the Distribution. If trading begins on a “when-issued” basis, you may purchase or sell Group common stock up to and through the Distribution Date, but your transaction will not settle until after the Distribution Date. Group cannot predict the trading prices for its common stock before, on or after the Distribution Date. What will happen to the listing of common shares of LS? Common shares of LS will continue to trade on the Nasdaq Capital Market after the Distribution, at least until the consummation of the merger and issuance of shares of Pyxis common stock to LS’ stockholders, as contemplated by the Merger Agreement. If the Separation is completed, but for some reason the merger is not completed, the common shares of LS will also continue to trade on the Nasdaq Capital Market after the Distribution, as long as LS is able to continue to meet NASDAQ’s listing requirements. As of August 15, 2015, LS has received three notices from NASDAQ’s staff indicating that LS no longer satisfies certain aspects of NASDAQ Listing Rule 5550(b)(1), specifically, that LS does not have a minimum of $2,500,00...
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regular-way. (in either case, as reported in the applicable transaction reporting system with respect to securities listed or admitted to trading on the New York Stock Exchange), or, if the shares are not listed or admitted to trading on the New York Stock Exchange, as reported in the applicable transaction reporting system with respect to securities listed on the principal national securities exchange on which the shares are listed or admitted to trading or, if the shares are not listed or admitted to trading on any national securities exchange, the last quoted price or, if not so quoted, the average of the high bid and low asked prices in the over-the-counter market, as reported by the National Association of Securities Dealers, Inc. Automated Quotation System ("NASDAQ") or such other system then in use, or if on any such date the shares are not quoted by any such organization, the average of the closing bid and asked prices as furnished by a professional market maker making a market in the shares selected by the Board of Directors of the Company. The term "Trading Day" shall mean a day on which the principal national securities exchange on which the shares are listed or admitted to trading is open for the transaction of business or, if the shares are not listed or admitted to trading on any national securities exchange, on which the New York Stock Exchange or such other national securities exchange as may be selected by the Board
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regular-way means (a) sales or purchases effected on any Approved Exchange or (b) sales or purchases effected on other trading venues to the extent such sales or purchases settle through the Continuous Net Settlement System of the National Securities Clearing Corporation and are effected at a price that is consistent with the price that would have been achieved had such sale or purchase occurred on an Approved Exchange.
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More Definitions of regular-way

regular-way means bids, offers, and transactions that embody the standard terms and conditions of a market.
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Related to regular-way

  • Regular Season means, with respect to any Season, the period beginning on the first day and ending on the last day of regularly scheduled (as opposed to exhibition or playoff) competition between NBA Teams.

  • Regular Hours means the hours between 7 a.m. and 5 p.m. Monday thru Friday, excluding the following holidays: Presidents' Day, Easter, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Christmas Day, and New Year's Day.

  • Regular Shipper means (i) a Committed Shipper, and (ii) a Shipper that has Actual Shipments in each of the twelve months of the Base Period. A Regular Shipper described in clause (ii) ceases to be a Regular Shipper if it has no Actual Shipments for one or more months out of the Base Period, and thereafter, that Shipper will be treated as a New Shipper unless and until it meets Regular Shipper criteria.

  • Regular Care means Treatment that is administered as frequently as is medically required according to guidelines established by nationally recognized authorities, medical research, healthcare organizations, governmental agencies or rehabilitative organizations. Care must be rendered personally by your Physician according to generally accepted medical standards in your locality, be of a demonstrable medical value and be necessary to meet your basic health needs.

  • Regular Position means an individual Nurse’s job defined as a percentage of full-time hours as set out in the appointment letter referred to in Article 15.