Section 551 Amount definition

Section 551 Amount means for any prescribed period, the amount stated in the relevant ordinary or special resolution;

Section 551 Amount means US$1 for the first Allotment Period and for any other Allotment Period means the amount specified as such by the Relevant Ordinary Resolution;

Section 551 Amount means the amount specified as such by the Relevant Ordinary Resolution;

Examples of Section 551 Amount in a sentence

• Under and in accordance with section 551 of the Act, the Directors shall be generally and unconditionally authorised to exercise for each prescribed period all the powers of the Company to allot shares up to an aggregate nominal amount equal to the Section 551 Amount.

• The maximum amount of shares which the Board can allot and rights which the Board can grant in each period is the Section 551 Amount.

• The directors shall be generally and unconditionally authorised pursuant to and in accordance with Section 551 of the Companies Act 2006 to exercise for each Allotment Period all the powers of the Company to (i) allot shares; (ii) grant rights to subscribe for shares; and (iii) convert any security into shares, but only up to an aggregate nominal amount equal to the Section 551 Amount.

• Under and in accordance with section 551 of the Act, the Directors shall be generally and unconditionally authorised to exercise for each prescribed period all the powers of the Company to allot shares or to grant rights to subscribe for or to convert any security into shares up to an aggregate nominal amount equal to the Section 551 Amount (as defined below).

• Under and in accordance with section 551 of the Act, the Directors shall be generally and unconditionally authorised to exercise for each prescribed period all the powers of the Company to allot shares up to an aggregate nominal amount equal to the Section 551 Amount (as defined below).

More Definitions of Section 551 Amount

Section 551 Amount means, for any prescribed period, the amount stated in the relevant ordinary or special resolution, or in this document, as the amount which the Directors are authorised to allot for the purposes of Section 551 of the Act;

Section 551 Amount means £55,330,800 for the First Allotment Period and, for any other Allotment Period, the amount specified as such by the Relevant Ordinary Resolution;

Section 551 Amount means for any prescribed period the amount stated in the relevant ordinary or special resolution of the Company or any increased amount fixed by ordinary or special resolution,

Section 551 Amount means, for any prescribed period, the amount stated as such in the most recent ordinary or special resolution applicable to that prescribed period; and

Section 551 Amount means for any prescribed period, the amount stated inthe relevant ordinary or special resolution, pursuant to which shareholders have provided the Directors with authority in respect of section 551 of the Act;

Section 551 Amount means £1,500,000,000 for the first Allotment Period and for any other Allotment Period means the amount specified as such by the Relevant Ordinary Resolution;

Section 551 Amount means, for the first period, £353,030,892 and USD2,090,000 and, for a subsequent section 551 period, the amount stated in the relevant ordinary or special resolution;