Spinco Common Shares definition
Examples of Spinco Common Shares in a sentence
On the Distribution Date, ▇▇▇▇▇ will cause the Distribution Agent to distribute the Distribution Shares, being 100% of the outstanding SpinCo Common Shares then owned by ▇▇▇▇▇, to holders of ▇▇▇▇▇ Common Shares on the Record Date, and to credit the appropriate number of such SpinCo Common Shares to book-entry accounts for each such holder of ▇▇▇▇▇ Common Shares.
For shareholders of ▇▇▇▇▇ who own ▇▇▇▇▇ ▇▇▇▇▇▇ Shares through a broker or other nominee, the SpinCo Common Shares will be credited to their respective accounts by such broker or nominee.
None of ▇▇▇▇▇, SpinCo or the Distribution Agent will guarantee any minimum sale price for the fractional SpinCo Common Shares.
Fractional SpinCo Common Shares will not be distributed in the Distribution nor credited to book-entry accounts.
No action by any such shareholder shall be necessary for such shareholder to receive the applicable number of SpinCo Common Shares (and, if applicable, cash in lieu of any fractional shares pursuant to Section 3.2 hereof) that such shareholder is entitled to in the Distribution.