Sasol BEE Ordinary Shares definition

Sasol BEE Ordinary Shares means no par value Shares in the Company’s Share capital designated as "Sasol BEE Ordinary Shares", having the rights, privileges and restrictions set out in clauses 40 to 47, if the Election is not exercised or a Holder’s exercise of the Election is void for any reason, or clause 47A.2, if the Election is exercised and/or if a Holder acquires Sasol BEE Ordinary Shares after the SOLBE1 Redesignation Date whether as a consequence of a new issue, or a transfer, of Sasol BEE Ordinary Shares;
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Sasol BEE Ordinary Shares means no par value shares in Sasol’s share capital designated as ‘Sasol BEE Ordinary Shares’;
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Sasol BEE Ordinary Shares means no par value Shares in the Company’s Share capital designated as “Sasol BEE Ordinary Shares”, having the rights, privileges and restrictions set out in clause 40;
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Examples of Sasol BEE Ordinary Shares in a sentence

  • If any Holder of certificated Sasol BEE Ordinary Shares (including any Election Shareholder) elects to dematerialise his Sasol BEE Ordinary Shares, he shall be obliged to sign a BEE Contract in respect of those Shares being dematerialised.

  • The Sasol BEE Ordinary Shares shall automatically be re-designated as Ordinary Shares, on the expiry of the Empowerment Period.

  • The Cash Contract or New Cash Contract, as the case may be, to which an Election Shareholder is a party shall remain unaffected by the making of an election by the Election Shareholder to retain his Sasol BEE Ordinary Shares in certificated form.

  • The Registered Holder is permitted to encumber the Sasol BEE Ordinary Shares subject to clause 15 of the BEE Contract.

  • For purposes of clauses 43.4, 43.5.2 and 43.6.2 the forced sale value of a Sasol BEE Ordinary Share shall be the 5 (five) day volume weighted average price of a Sasol BEE Ordinary Share, being the total value of the Sasol BEE Ordinary Shares traded for that period divided by the total number of Sasol BEE Ordinary Shares traded for that period.

  • In the event that the listings requirements of the JSE so permit and the Company determines that a listing of Sasol BEE Ordinary Shares on the JSE is not ensuring that in general Sasol BEE Ordinary Shares are Beneficially Owned by BEE Compliant Persons only, the Company shall be entitled to delist the Sasol BEE Ordinary Shares form the JSE, provided that it puts in place an alternative trading mechanism.

  • Any proof-of-participation or other similar statement issued by the Company to any Holder of Sasol BEE Ordinary Shares which are held in certificated form and accordingly obliged to be held in safe custody, will cease to be of any force or effect from the date on which his Sasol BEE Ordinary Shares are dematerialised.

  • For purposes of clause 1.13 of the BEE Contract and clauses 43.3 to 43.8, “ Empowerment Period” means the period ending on 7 September 2018 or such shorter period as may be determined by the Company in its sole discretion and notified in one national South African newspaper, and if the Sasol BEE Ordinary Shares are listed on the JSE, on the Securities Exchange News Service.

  • NEW ISSUES OF SASOL BEE ORDINARY SHARES If Sasol BEE Ordinary Shares are issued after the SOLBE1 Redesignation Date, each Registered Holder of such Sasol BEE Ordinary Shares is bound by the terms set forth in Schedule 6 as regards such new issues of Sasol BEE Ordinary Shares to the exclusion of any Cash Contract, New Cash Contract or BEE Contract which may have been signed by that Registered Holder, irrespective of whether they deal with new issues of Sasol BEE Ordinary Shares or not.

  • Securities transfer tax shall be borne by the Company or the Company’s Nominee, if it is the purchaser of the Sasol BEE Ordinary Shares contemplated in These Terms.


More Definitions of Sasol BEE Ordinary Shares

Sasol BEE Ordinary Shares means no par value shares in Sasol’s share capital designated as ‘Sasol BEE Ordinary Shares’;” 7. A new clause 1.2.29A is inserted after clause 1.2.29 which reads as follows:
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Sasol BEE Ordinary Shares means no par value Shares in the Company’s Share capital designated as “Sasol BEE Ordinary Shares”, having the rights, privileges and restrictions set out in clauses 40 to 47;
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Sasol BEE Ordinary Shares means ordinary shares of no par value in the stated capital of Sasol;
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Sasol BEE Ordinary Shares means no par value shares in Sasol’s share capital designated as ‘Sasol BEE Ordinary Shares’;” [Note: This definition has been amended to correct an error and make it clear that it is not Sasol Limited ordinary shares which are being referred to. ]a new clause 1.2.29A is inserted after clause 1.2.29 which a new clause 1.2.22A is inserted after clause 1.2.22 which reads as follows: reads as follows:
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Sasol BEE Ordinary Shares means no par value Shares in the Company’s Share capital
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Related to Sasol BEE Ordinary Shares

  • New Ordinary Shares means the new Ordinary Shares arising on Conversion of the C Shares;

  • Ordinary Shares means the ordinary shares, par value $0.0001 per share, of the Company.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Common Shares means the common shares in the capital of the Company;

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Parent Ordinary Shares means the ordinary shares, no par value per share, of Parent.

  • Common Stock means the common stock of the Company.

  • Ordinary Share Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares.

  • Class B Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class B Ordinary Share and having the rights provided for in these Articles;