Spin-off Share definition
Examples of Spin-off Share in a sentence
Section 2.01 L/Cs, Competition Clearance, Spin-off; Share Transfer; Newco Governance.
The representations, warranties and covenants contained herein shall be made as of the date hereof and as of the Closing of the Spinoff Share Sale and the closings of each of the SC Holdings Purchase Options and SC House Purchase Options.
The representations, warranties and covenants contained herein shall be made as of the date hereof and as of the Closing of the Spinoff Share Sale and the closings of each of SC Holdings Purchase Options and SC House Purchase Options.
In the case of the current spin-off, these requirements are met as (i) the Spin-off Share in ▇▇▇▇ SECHS acquired by BUWOG AG under the terms of the spin-off shall correspond to a share in the voting rights of ▇▇▇▇ SECHS of approximately 56.67% and BUWOG AG consequently shall acquire a share in the company representing the majority of voting rights in ▇▇▇▇ SECHS as the corporation and (ii) BUWOG AG shall grant shares in BUWOG AG in exchange for the transfer of the Spin-off Share in ▇▇▇▇ SECHS.
In the event that there shall be a subdivision or combination of the outstanding shares of SCL Class B Shares or ▇▇▇▇ Class B Shares, as the case may be, into a greater or smaller number of shares (whether by stock dividend, stock split, reverse stock split or otherwise), the number of SCL Class B Shares or ▇▇▇▇ Class B Shares, as the case may be, to be sold in the Spinoff Share Sale shall be proportionately adjusted.
Only owners of securities accounts with the shares of the Divided Company on the Reference Date shall be entitled to the Spin-off Share Issue Shares.
Simultaneously with the distribution of the ▇▇▇▇ Class B Shares in the Spinoff, SC House, MarCon, SC Holdings and SC Asia each agree to consummate the Spinoff Share Sales provided for in this Section 6 at a closing (the "Closing") to be held at the offices of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇, Cedar House, 41 Cedar Avenue, ▇▇▇▇▇▇▇▇, Bermuda HM EX, or at such other time or place as the parties shall mutually agree.
The representations, warranties and covenants contained herein shall be made as of the date hereof and as of the Closing of the Spinoff Share Sale Exchange and the closings of each of the SC Holdings Purchase Options and SC House Purchase Options.
The accomplishment of the spin-off depends on: receiving the go-ahead for the Acquiring Company’s prospectus covering all its shares, including Spin-off Share Issue Shares, from the Financial Supervision Authority under the Act dated July 29, 2005 Public Offer and Conditions of Introducing Financial Instruments to the Organized Public Trading and Public Companies; receiving permits from the Financial Supervision Authority under Art.