Examples of Target Company Shareholders in a sentence
The Offer Document and the appropriate form(s) of acceptance for the Offer will be despatched to the Target Company Shareholders not later than seven business days from the date of the Formal Offer Announcement, or such other date permitted under the Thailand’s Rules on Business Takeovers.
Disposal or transfer of equity interest in the Target Company The Purchaser shall have the right to transfer, sell or otherwise dispose of its equity interest in the Target Company in whole or in part and the Remaining Target Company Shareholders agreed to waive their right of first refusal in accordance with applicable PRC laws.
Financing of the Target Company Shareholders of the Target Company will provide initial shareholders’ loan of not more than RMB2,600,000,000 (the ‘‘Shareholders’ Loan’’) to the Target Company in the amount pro-rated to their respective equity holdings in the Target Company.
The Offer will be made for all the Offer Shares subject to the terms and conditions to be set out in the Offer Document to be issued by the Offeror to the Target Company Shareholders in connection with the Offer.
If any dividend, right or other distribution or return of capital is announced, declared, paid or made by the Target Company on or after the date of the Pre-Conditional Offer Announcement, the Offeror reserves the right to reduce the Offer Price payable to the accepting Target Company Shareholder(s) by an amount equivalent to such dividend, right, other distribution or return of capital.
It is recommended to the Board of Directors of the Target Company that, if the the Tender Offer is commenced, it (i) express an opinion in support of the Tender Offer and recommend that the Target Company Shareholders tender their shares in the Tender Offer and (ii) make decisions in relation to the procedures for going private of the Target Company following the Tender Offer as part of the Transaction.
Target Company and Target Company Shareholder[s] shall provide audited financials to Covenant for periods as reasonably requested by Covenant, and Target Company shall assure the accuracy of all financial performance data and material disclosure items of Target Company as reported for the period ended June 30, 2009, which includes accounts payable and liabilities, accounts receivable, assets, operations, associated debts, intangible assets, inventory, and any important contracts.
THE POSSIBLE OFFER The Board is pleased to announce that the Offeror, on 13 September 2017, sent the Intention Letter to the board of directors of the Target Company, pursuant to which the Offeror will make a pre-conditional voluntary general offer for all the Offer Shares from the Target Company Shareholders in accordance with the Thailand’s Rules on Business Takeovers, subject to the fulfilment (or waiver, as applicable) of the Pre-Conditions.
Such Shareholder is not a party to (a) any option, warrant, purchase right or other Contract (other than this Agreement) that would require such Shareholder to sell, transfer or otherwise dispose of any of the Equity Interests of the Target Company owned by such Shareholder or (b) any voting trust, proxy, or other Contract with respect to the voting of the Equity Interests of the Target Company owned by such Shareholder (other than the Target Company Constitution and Target Company Shareholders Agreement).
Share certificates representing the Covenant Share Consideration, duly registered in the names of the Target Company Shareholder[s] and pursuant to the terms of this Agreement.