SOLBE1 Shares definition

SOLBE1 Shares means Sasol BEE ordinary shares of no par value in the share capital of Sasol listed on the JSE under JSE stock code SOLBE1 and ISIN code ZAE000151817;
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SOLBE1 Shares means Sasol Ordinary BEE shares of no par value in the stated share capital of Sasol listed on the JSE under the JSE stock code SOLBE1 and ISIN code ZAE000151817;
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SOLBE1 Shares means Sasol Ordinary BEE shares of no par value in the stated share capital of Sasol listed on the JSE under the JSE stock code SOLBE1 and ISIN code ZAE000151817;1.3.85. "Specific Taxation and Expenses" means in relation to a Beneficiary, the sum of:1.3.85.1. any Tax; and1.3.85.2. any costs, expenses and disbursements (including without limitation, brokerage costs and/or securities transfer tax) payable,in respect of the transactions under the Plan specifically relating to or for the benefit of that Beneficiary including, but not limited to, the vesting or transfer of Entitlement Assets;1.3.86. "SSA Khanyisa Shares" means the identical number of SSA Ordinary Shares to be issued by the Company to Sasol Khanyisa FundCo, which will not exceed 28 385 647 SSA Ordinary Shares, which identical number of shares will be issued by the Company to the Trustees initially and any further SSA Ordinary Shares held by the Trustees from time to time;1.3.87. "SSA Ordinary Shares" means ordinary shares of no par value in the stated capital of the Company;1.3.88. "Statutes" means the Trust Property Control Act and any other statute affecting the performance by the Trustees of their duties or functions as such;1.3.89. "Subsequent Effective Date" means the date on which an Eligible Employee becomes a New Khanyisa Tier 2 Participant;1.3.90. "Subsequent Vesting" means in respect of each New Khanyisa Tier 2 Participant, the vesting of the Vested Rights by reason of becoming a Beneficiary pursuant to the provisions of clause 15.2;1.3.91. "Subsequent Vesting Notice" means a notice given by any Employer Company Board to the Trustees in terms of clause 15.2.1; ​
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Examples of SOLBE1 Shares in a sentence

  • All costs, expenses and duties, including securities transfer tax, if any, payable upon the transfer of the SSA Khanyisa Shares and/or other assets (apart from SSA Khanyisa Shares) held by the Company, if any, to Sasol, and in respect of the issue of the SOLBE1 Shares to the Company, shall be borne and paid by Sasol.

  • Special Resolution number 18, to authorise the Company to provide financial assistance to Sasol’s nominee (including the Sasol Inzalo Public Facilitation Trust), to acquire any SOLBE1 Shares for a purchase price as specified on page 89 of the Circular, if the holders thereof have breached their obligations, was approved.

  • This clause constitutes an irrevocable instruction by the Company to SSA to effect the necessary entries in SSA’s Securities Register reflecting the transfer of the SSA Khanyisa Shares to Sasol immediately after the SOLBE1 Shares have been issued to the Company.

  • Sasol shall, on the Exchange Date, undertake the Automatic Share Exchange and issue the relevant number of SOLBE1 Shares to the Company.

  • Accordingly it has been decided to combine that resolution into this Special resolution number 6.The actual number of SOLBE1 Shares to be issued cannot be determined at this time.

  • Allof the Existing SOLBE1 Contracts, bar the BEE Contract, permit of the amendment of such contracts in clause 13(see Annexure A), the effect of which is that if SOLBE1 Shareholders present at a separate class meeting and holding at least 65% of the SOLBE1 Shares present at that meeting vote in favour of any amendment, it is binding on all the SOLBE1 Shareholders who are parties to the Cash Contract, the Amended Cash Contract, the new Cash Contract and the Amended New Cash Contract.

  • Sasol is currently investigating this assertion and whether it would facilitate trading of the SOLBE1 Shares without imposing too heavy a cost burden on Sasol, if it were to adopt the BEE Verification Agent Process instead of the BEE Contract Verification Process.

  • Sasol has been advised that the process of explaining the content of the BEE Contract to potential purchasers as well as the burden of ensuring that potential purchasers sign a BEE Contract is detracting from the tradability of the SOLBE1 Shares.

  • Thus the effect of the resolution is to authorise a maximum number of SOLBE1 Shares to be issued which provides for a buffer to cater for unforeseen eventualities which may affect the Share Exchange Ratio.

  • 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.


More Definitions of SOLBE1 Shares

SOLBE1 Shares means Sasol Ordinary BEE shares of no par value in the stated share capital of Sasol listed on the JSE under the JSE stock code SOLBE1 and ISIN code ZAE000151817; 1.3.85. "Specific Taxation and Expenses" means in relation to a Beneficiary, the sum of: 1.3.85.1. any Tax; and 1.3.85.2. any costs, expenses and disbursements (including without limitation, brokerage costs and/or securities transfer tax) payable, in respect of the transactions under the Plan specifically relating to or for the benefit of that Beneficiary including, but not limited to, the vesting or transfer of Entitlement Assets; 1.3.86. "SSA Khanyisa Shares" means the identical number of SSA Ordinary Shares to be issued by the Company to Sasol Khanyisa FundCo, which will not exceed 28 385 647 SSA Ordinary Shares, which identical number of shares will be issued by the Company to the Trustees initially and any further SSA Ordinary Shares held by the Trustees from time to time; 1.3.87. "SSA Ordinary Shares" means ordinary shares of no par value in the stated capital of the Company; 1.3.88. "Statutes" means the Trust Property Control Act and any other statute affecting the performance by the Trustees of their duties or functions as such; 1.3.89. "Subsequent Effective Date" means the date on which an Eligible Employee becomes a New Khanyisa Tier 2 Participant; 1.3.90. "Subsequent Vesting" means in respect of each New Khanyisa Tier 2 Participant, the vesting of the Vested Rights by reason of becoming a Beneficiary pursuant to the provisions of clause 15.2; 1.3.91. "Subsequent Vesting Notice" means a notice given by any Employer Company Board to the Trustees in terms of clause 15.2.1;
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SOLBE1 Shares means Sasol BEE Ordinary Shares.
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Related to SOLBE1 Shares

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Sold Shares shall have the meaning specified in Section 6.

  • Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.

  • Subscriber Shares means the Shares which the subscribers to the Instrument of the ICAV agree to subscribe for as more particularly hereinafter set forth after their names.

  • ASA Shares has the meaning set forth in 2.4(a).

  • Sale Shares shall have the meaning given to it in Recital (B);

  • H Shares means the overseas-listed foreign invested shares in the share capital of the Company with a nominal value of RMB1.00 each, which are subscribed for and traded in Hong Kong Dollars;

  • Exchange Shares has the meaning set forth in Section 2.01(b).

  • VMTP Shares means Variable Rate MuniFund Term Preferred Shares, $0.00001 par value per share, liquidation preference $100,000 per share plus an amount equal to accumulated but unpaid dividends thereon (whether or not earned or declared), of the Trust. The preferences, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of each series of VMTP Shares are set forth in the VMTP Shares Statement.

  • A Shares means shares issued by companies incorporated in the PRC and listed on the SSE or the SZSE, traded in RMB and available for investment by domestic investors through Stock Connect.

  • PIPE Shares shall have the meaning given in the Recitals hereto.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • Amalco Shares means the common shares in the capital of Amalco;

  • Purchase Shares has the meaning set forth in Section 2.2(a) hereof.

  • Equity Shares means the Common Shares and any shares of any other class or series of the Corporation which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation beyond a fixed sum or a fixed sum plus accrued dividends;

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Acquired Shares has the meaning set forth in the Recitals.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Newco Shares means the common shares in the capital of Newco;

  • Subco Shares means the common shares in the capital of Subco.