Examples of Zodiac Shares in a sentence
As of the date of this Circular, the directors and executive officers of Zodiac, as a group, beneficially own, directly or indirectly, an aggregate of approximately 13,043,344 Zodiac Shares (which represents approximately 11.4% of the outstanding Zodiac Shares).Please see “The Arrangement – Recommendations of the Board of Directors” for further information.Procedural Steps and ApprovalsProcedural StepsThe Arrangement will be carried out pursuant to the ABCA.
If the entire Over-Allotment Option is exercised and sold, the Resulting Issuer will have approximately 317,359,482 Peninsula Shares issued and outstanding upon the completion of the Arrangement, of which former holders of Zodiac Shares will own approximately 52%, current Peninsula Shareholders will own approximately 3%, and purchasers of Zodiac Subscription Receipts will own approximately 45%, on a non-diluted basis.
As of the Record Date, these directors and officers held 297,345 Peninsula Shares, representing approximately 3.4% of the issued Peninsula Shares on such date and 13,043,344 Zodiac Shares, representing approximately 11.4% of the issued Zodiac Shares on such date.
A Dissenting Shareholder who is paid the fair value of the holder's Zodiac Shares shall be deemed to have transferred the holder's Zodiac Shares to Zodiac as applicable, for cancellation on the Effective Date, notwithstanding the provisions of Section 191 of the ABCA.
If, as and when such conditional acceptance is received, final approval for the Arrangement and the listing of the Peninsula Shares to be issued in exchange for the Zodiac Shares and Zodiac Class “A” Shares will be subject to fulfillment of the general listing requirements of the Exchange, which are expected to be met in conjunction with the completion of the Arrangement, and other customary filings with the Exchange.
All outstanding Zodiac Shares have been duly authorized and validly issued, are fully paid and non-assessable and all Zodiac Shares issuable upon exercise of outstanding Zodiac Options, Zodiac Performance Warrants or Zodiac Warrants in accordance with their respective terms will be duly authorized and validly issued, fully paid and non-assessable and will not be subject to any pre-emptive rights.
The source assesses that the government will initiate an offensive in Yarmouk, Qadam, Yalda, Babbila and Beit Sahm after the operation in Eastern Ghouta has finished.
A three dollar and ninety-nine cent ($3.99) processing fee will apply to all payments.
Until surrendered, each certificate which immediately prior to the Effective Time represented Zodiac Shares will be deemed, at any time after the Effective Time, to represent only the right to receive upon such surrender the certificate representing the Peninsula Shares that the holder thereof has the right to receive in respect of such share certificate pursuant to the Plan of Arrangement.
Based upon the foregoing assumptions, upon the completion of the Arrangement, former holders of Zodiac Shares will own approximately 58% of the then outstanding Peninsula Shares, current Peninsula Shareholders will own approximately 3% of the then outstanding Peninsula Shares and purchasers of Zodiac Subscription Receipts will own approximately 39% of the then outstanding Peninsula Shares, on a non-diluted basis.