Share Capital Subdivision definition

Share Capital Subdivision means the proposed subdivision and conversion of the Company’s ordinary share capital described in the Circular and the Rights Issue Prospectus; Shortfall means, at any time, any difference between £7,500,000,000 and the sum of (i) the aggregate principal amount (being, in the case of any amounts not in sterling, the sterling equivalent as at the settlement date of the relevant ECN) of the ECNs due for delivery (based on the number of Target Securities notified by the Offeror as having been accepted for exchange immediately following the Expiration Date) pursuant to the LME, plus (ii) the aggregate Book Value (being, in the case of any amounts not in sterling, the sterling equivalent as at the Expiration Date of the relevant LME) of Target Securities due for delivery (other than in the exchange referred to in (i)) based on the number of Target Securities notified as having been accepted for exchange by the Offeror immediately following the Expiration Date, plus (iii) (if at the time of calculation of the Shortfall any Top up Securities have been issued) the aggregate net proceeds (being, in the case of any amounts not in sterling, the sterling equivalent as at the relevant Settlement Date) of any Top up Securities issued pursuant to the terms of this Agreement at the time of the calculation of such Shortfall; Specified Circumstance means (a) fraud, wilful misconduct or dishonest concealment on the part of the Company, any Group company, any Director or any Senior Manager, or (b) any breach by the Company of its undertakings in Clauses 9.3, 10.6 or 10.7 of this Agreement at any time prior to the relevant Settlement Date;
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Share Capital Subdivision means the proposed subdivision and conversion of the Company’s ordinary share capital described in the Circular and the Prospectus; Specified Circumstance means (a) fraud, wilful misconduct or dishonest concealment on the part of the Company, any Group company, any Director or any Senior Manager, or (b) any breach by the Company of its undertakings in Clauses 11.3, 12.3 or 12.4 of this Agreement at any time prior to the time of Admission;
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Examples of Share Capital Subdivision in a sentence

  • The Company shall register the New Shares in the names of the successful applicants, and shall provide, and shall procure that the Directors shall provide, all information and assistance that the Banks may reasonably require for the purposes of this Agreement and execute (or procure to be executed) each document and do (or procure to be done) each act and thing that a Bank may reasonably request in order to give effect to the Rights Issue, the Share Capital Subdivision or Admission.

  • The Existing Ordinary Shares are and, following the Share Capital Subdivision coming into effect, the Ordinary Shares will be, participating securities in, and have not been suspended from, CREST.

  • The Company confirms that it has instructed the Receiving Agent to act as receiving agent in connection with the Rights Issue and the GM and as Registrar in relation to the Share Capital Subdivision, the Nil Paid Rights and the Fully Paid Rights and to perform the obligations assigned to it under the Prospectus, the Form of Proxy, the Provisional Allotment Letters and this Agreement as receiving agent.