Examples of Share Distribution Record Date in a sentence
As part of the spin-off process, the Company consolidated its common shares at 5:1 ratio and had 6,899,116 common shares outstanding prior to the spin-off and these shares were to be distributed to shareholders of New Age as of the Share Distribution Record Date.
Shareholders as of the Share Distribution Record Date will be entitled to receive the New Shares and the NHS Shares.
Upon closing of the Arrangement, each of the Company’s shareholders, as of the Share Distribution Record Date, will receive one new common share ("New Share") in the capital of the Company and its pro-rata share of the InCana Common Shares to be distributed under the Arrangement for each currently held share of the Company.
Shareholders as of the Share Distribution Record Date would be entitled to receive the New Shares and the NHS Shares.
The Share Distribution Record Date has been set for the purpose of determining which shareholders will be entitled to receive the NHS shares.