Examples of WTW Shareholders in a sentence
At or immediately prior to Completion, Aon shall deposit, or cause to be deposited, with the Exchange Agent, for the benefit of the WTW Shareholders, (A) certificates or, at Aon’s option, evidence of shares in book-entry form representing the aggregate Scheme Consideration and (B) cash in an amount equal to the aggregate amount of cash in lieu of Fractional Entitlements due to the WTW Shareholders.
On or prior to the date hereof, the WTW Board of Directors has determined that the Transactions are fair to and in the best interests of WTW and the WTW Shareholders and adopted a resolution to make, subject to Section 7.3 and to the obligations of the WTW Board of Directors under the Takeover Rules, the WTW Board Recommendation and the recommendation contemplated by Section 3.6(c).
Neither WTW nor any WTW Subsidiary has outstanding bonds, debentures, notes or other similar obligations, the holders of which have the right to vote (or which are convertible into or exercisable for securities having the right to vote) with the WTW Shareholders on any matter.
The recommendation of the WTW Board of Directors that WTW Shareholders vote in favor of the Resolutions is set out in the Rule 2.5 Announcement and, subject to Section 7.3, shall be incorporated, together with the related opinion of the financial adviser to the WTW Board of Directors, in the Scheme Document, the Joint Proxy Statement and, to the extent required by applicable Law, any other document sent to WTW Shareholders in connection with the Acquisition.
To become effective, the Scheme will require, among other things, the approval of: (i) the Scheme by a number of members of each class of WTW Shareholders (including as may be directed by the Irish High Court pursuant to Section 450(5) of the Act) present and voting either in person or by proxy at the Court Meeting (or at any adjournment or postponement of such meeting) representing at least: (A) 75 per cent.
Each of Goldman Sachs and the WTW Directors have confirmed in writing to the Panel that, in the opinion of Goldman Sachs and the WTW Directors (respectively), in the context of the note to Rule 21.2 of the Takeover Rules and the Proposed Combination, the Expenses Reimbursement Agreement is in the best interests of the WTW Shareholders.
Fractions of New Aon Ireland Shares will not be allotted to WTW Shareholders but will be aggregated and sold as soon as practicable after the Effective Date.
Following completion of the Proposed Combination, WTW Shareholders will own approximately 37 per cent.
The net proceeds of such sale will then be paid in cash to the relevant WTW Shareholders in accordance with their fractional entitlements.
The Transactions are expected to be tax-free, for US federal income tax purposes, to WTW Shareholders.