Examples of Relevant Cash Dividend in a sentence
In the case of an issue of Shares by way of a Scrip Dividend where the Current Market Price (as defined in Appendix 2 of this Circular) of such Shares on the last Trading Day (as defined in Appendix 2 of this Circular) preceding the date of announcement of the terms of the issue exceeds the amount of the Relevant Cash Dividend (as defined in Appendix 2 of this Circular) or the relevant part thereof and which would not have constituted a Capital Distribution.
For the avoidance of doubt, when the Capital Distribution is by means of a Relevant Cash Dividend, only such portion of the Relevant Cash Dividend which exceeds the percentage for the period basis referred to in proviso (i) of the definition of Capital Distribution (the “excess portion”) shall be regarded as Capital Distribution and only the excess portion shall be taken into account in determining the Fair Market Value of the portion of the Capital Distribution attributable to one Share.
Relevant Cash Dividend has the meaning given in Rule 1.3. Scrip Dividend has the meaning given in Rule 1.3. VWAP has the meaning given in the terms and conditions scheduled to the Deed Poll.
OCP x ( NSB + ( NSDL x RCD/CMP ) NSB + NSDL ) where: NSB : is the aggregate number of Issuer’s Shares immediately before such alteration; NSLD : is the aggregate number of Issuer’s Shares issued by way of such Scrip Dividend; RCD : is the Relevant Cash Dividend or the relevant part thereof; and CMP : is the Current Market Price of the Issuer’s Shares issued by way of Scrip Dividend in lieu of the whole, or the relevant part, of the Relevant Cash Dividend.
The duration of the mandate of the Senator is regulated by Article 98 para.