Treasury Share definition

Treasury Share means a Share held in the name of the Company as a treasury share in accordance with the Statute.

Treasury Share means a Share that was previously issued but was repurchased, redeemed or otherwise acquired by the Company and not cancelled; and

Treasury Share means a Share held in the name of the Company as a treasury

Examples of Treasury Share in a sentence

• No dividend may be declared or paid, and no other distribution (whether in cash or otherwise) of the Company’s assets (including any distribution of assets to Members on a winding up) may be made to the Company in respect of a Treasury Share.

• Nothing in Article 2.15 prevents an allotment of Shares as Fully Paid Up bonus shares in respect of a Treasury Share and Shares allotted as Fully Paid Up bonus shares in respect of a Treasury Share shall be treated as Treasury Shares.

• All the rights attaching to a Treasury Share shall be suspended and shall not be exercised by the Company while it holds such Treasury Share and, except where required by the Act, all Treasury Shares shall be excluded from the calculation of any percentage or fraction of the share capital, or Shares, of the Company.

• Your Directors would exercise this authority only if they are satisfied that it would be in the best interests of the Company, and of its Shareholders generally, and could be expected to result in an increase in the earningsper share of the Company.Ordinary Shares purchased pursuant to this authority may be cancelled (and the number of Ordinary Sharesin issue would be reduced accordingly) or, subject to the Treasury Share Regulations, be retained as treasury shares.

• The Directors may determine to cancel a Treasury Share or transfer a Treasury Share on such terms as they think proper (including, without limitation, for nil consideration).

More Definitions of Treasury Share

Treasury Share means a share of the Company that was or is treated as having been acquired and held by the Company and has been held continuously by the Company since it was so acquired and has not been cancelled;

Treasury Share has the meaning specified in Section 3.1(a).

Treasury Share means a share of the Company that was or is treated as having been acquired and held by the Company and has been held continuously by the Company since it was so acquired and has not been cancelled.

Treasury Share means a share which —

Treasury Share means a share of a company that was previously issued but was repurchased, redeemed or otherwise acquired by such company and not cancelled;

Treasury Share means a share held as a treasury share under Article 58A(1);

Treasury Share means a Share held in the name of the Company as a treasury share in accordance with the Statute. “Trust Account” means the trust account established by the Company upon the consummation of its IPO and intowhich a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.