SOL Shares definition
Examples of SOL Shares in a sentence
SOL Shares, for that number of SOL Shares as can be acquired with R100 000 (one hundred thousand Rand), subject to clause 3.3, to be issued at the 30 (thirty) day VWAP of the SOL Shares ending on the trading day being 2 (two) Business Days prior to the Effective Date;5.
The Trustees shall establish separate Registers for the SSA Khanyisa Shares, the SOL Shares and the SOLBE1 Shares and other Entitlement Assets which are shares, in which they shall record, in respect of each Beneficiary, at least the following:27.
VWAP" means the volume weighted average traded price of a SOL Share or a SOLBE1 Share, as applicable, being the total value of the SOL Shares or SOLBE1 Shares traded on the JSE for a specified number of Business Days divided by the total number of SOL Shares or SOLBE1 Shares traded on the JSE for that period.
Notwithstanding the foregoing, it is understood and agreed that failure by Seller to deliver the SOL Shares on Closing as envisaged in Section 4.8 shall not impede Closing from taking place.
If Buyer exercises the Call Option, or if Seller exercises the Put Option, on or by 28 February 2001, the parties shall proceed to a Closing of the transfer of the SOL Shares (the Delayed Closing), such date to be proposed by the party exercising the Call Option or the Put Option, as the case may be, no less than five but no more than ten business days after the date of the notice being posted by Seller to Buyer.
If Seller fails to deliver the SOL Shares on Closing, Section 4.8 shall apply.
Buyer shall have a call option (the Call Option) against Seller under which Buyer may buy from Seller, and Seller shall be obligated to sell to Seller, the SOL Shares at a price of CHF 587,080,000 (five hundred eighty-seven million and eighty-thousand Swiss Francs).