Examples of Aurora Shares in a sentence
The Distribution will be paid on the basis of one Unit for every 34 Aurora Shares which are outstanding on the Record Date to be fixed by the board of directors of Aurora.
The number of Shares and Warrants is based on 952,433,322 Aurora Shares outstanding as of the Record Date.
Based on 952,433,322 Aurora Shares outstanding as of August 13, 2018, Aurora would be required to purchase an additional 33,911 Units for $5,765 under the Funding Agreement in order to hold sufficient Units for the Distribution.
On November 13, 2017, and only one hour prior to the CanniMed Board meeting called to vote on the Newstrike acquisition, CanniMed received a letter from Aurora (the “ Aurora Proposal”) proposing an acquisition of CanniMed on the basis of a share exchange ratio of 4.52586207 Aurora Shares for each CanniMed Share, subject to a maximum value of $24.00 (based on a formula related to Aurora’s share price and payable in Aurora Shares) per CanniMed Share.
If, on the earlier of the Expiry Time and the date on which all conditions of the Offer have been satisfied, the 20-day volume weighted average price of the Aurora Shares (“Calculation Date VWAP”) traded on the Toronto Stock Exchange (“TSX”) is greater than $5.30 per Aurora Share (“Cap VWAP Price”), the number of Aurora Shares that a holder of CanniMed Shares will receive for each CanniMed Share will be calculated by dividing the Cap Price of $24.00 by the Calculation Date VWAP (the “Cap Exchange Ratio”).
Settlement will be made by the Depositary causing the issuance of Aurora Shares in the amount to which the person depositing CanniMed Shares is entitled.
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Where the aggregate number of Aurora Shares to be issued to a CanniMed Shareholder as consideration under the Offer would result in a fraction of Aurora Shares being issuable, the number of Aurora Shares to be received by such CanniMed Shareholder shall be either rounded up (if the fractional interest is equal to or exceeds 0.5) or down (if the fractional interest is less than 0.5) to the nearest whole number of Aurora Shares.
Our dataset contains 54,821 observations for 2,482 BHCs. We winsorize all financial ratios at the 1% level at both the top and bottom of their distributions to dampen the effects of outliers.
In addition, this summary is not applicable to a Holder where the Holder, or Persons with whom the Holder did not deal at “arm’s length” (as defined for purposes of the Tax Act), or the Holder together with such Persons, control the Offeror or beneficially own shares of the Offeror having a fair market value of more than 50% of the fair market value of all of the outstanding shares of the Offeror, immediately after the exchange of CanniMed Shares for Aurora Shares.