Examples of Yamana Shareholders in a sentence
The Board of Directors of Yamana ( Yamana Board) has unanimously approved the Transaction and is recommending to Yamana Shareholders that they vote in favour of the Transaction.
Registered Yamana Shareholders should read the accompanying Circular before completing this Letter of Transmittal.
A minimum two hundred fifty (250) square foot island shall be required.
The Transaction has a compelling rationale and is expected to provide considerable benefits to the shareholders of Gold Fields ( Gold Fields Shareholders), Yamana Shareholders and the Combined Group’s employees and stakeholders.
Subject to the foregoing, there are no securities of Yamana or of any of its material subsidiaries outstanding which have the right to vote generally (or are convertible into or exchangeable for securities having the right to vote generally) with the Yamana Shareholders on any matter.
The following is a summary of the principal reasons for the unanimous recommendation of the Yamana Board that Yamana Shareholders vote IN FAVOUR of the Arrangement Resolution:·Significant premium.
Upon closing of the Transaction, it is anticipated that Gold Fields Shareholders and Yamana Shareholders will own approximately 61% and 39% of the Combined Group, respectively.
Subject to the terms and conditions of the Plan of Arrangement and the Arrangement Agreement, the Transaction Consideration payable to Yamana Shareholders at closing of the Transaction will consist of 0.6 Gold Fields Consideration Shares issued in exchange for each Yamana Share held at the Effective Time and acquired by Gold Fields pursuant to the Plan of Arrangement in accordance with the Exchange Ratio.
In lieu of any such fractional Gold Fields Share or fractional Gold Fields ADS, each Yamana Shareholder otherwise entitled to a fractional interest in a Gold Fields Share or Gold Fields ADS will be entitled to receive a cash payment equal to an amount representing such Yamana Shareholder’s proportionate interest in the net proceeds from the sale by the Depositary on behalf of all such Yamana Shareholders of the Gold Fields Excess Shares.
The Arrangement Agreement, as a “Permitted Acquisition Agreement” under the Gold Fields Arrangement Agreement, required that, until such time as the Gold Fields Arrangement Agreement had been terminated in accordance with its terms, all of the obligations of Yamana (other than confidentiality and standstill obligations) in the Arrangement Agreement would become effective only upon the Gold Fields Arrangement Agreement not being approved by Yamana Shareholders at the special meeting.