BEE Securities definition

BEE Securities means the Securities which are beneficially owned by or registered in the names of own name clients which/who are BEE Compliant Persons for a specified period and as fully defined in the BEE Contract;

BEE Securities has the meaning given to this term in the JSE Listings Requirements;

BEE Securities means the securities which the Issuer requires are to be Beneficially Owned by, or registered in the names of Own Name Clients which/who are, BEE Compliant Persons for the Empowerment Period;

Examples of BEE Securities in a sentence

• In respect of clause 24.2, the Registered Shareholder will be obliged within 10 (ten) days after receipt of notice from that Specified Issuer, to instruct the CSDP to effect transfer of the Specified BEE Securities issued by that Specified Issuer out of the account in the name of the Registered Shareholder into an account in the name of that Specified Issuer’s Nominee.

• In respect of clauses 17.2, 18.2, 18.4, 19.2, 19.4 and 24.2, the Registered Shareholder will be obliged within 10 (ten) days after receipt of notice from a Specified Issuer, to instruct the CSDP to effect transfer of the Specified BEE Securities issued by that Specified Issuer out of the account in the name of the Registered Shareholder into an account in the name of that Specified Issuer’s Nominee, unless the Specified Issuer has elected itself to buy back those Specified BEE Securities.

• If an Encumbrance has been recorded against any BEE Securities, the Participant must ensure before transferring those BEE Securities in terms of the Encumbrance, that they are only transferred to a BEE Compliant Person, who binds herself/himself/itself to a BEE Contract prior to taking transfer of those BEE Securities.

• If an Encumbrance has been recorded against any BEE Securities, the Participant must ensure before transferring those BEE Securities in terms of the Encumbrance, that they are only transferred to a BEE Compliant Person, who binds herself/ himself/itself to a BEE Contract prior to taking transfer of those BEE Securities.

More Definitions of BEE Securities

BEE Securities means the securities in respect of which the issuer requires that the beneficial owners are BEE Compliant Persons for a period of time as prescribed by the issuer;”5. a new clause 1.2.22A is inserted after clause 1.2.22 which reads as follows:

BEE Securities means the securities in respect of which the issuer requires that the beneficial owners are BEE Compliant Persons for a period of time as prescribed by the issuer;”

BEE Securities means the Securities in respect of which the Issuer requires that the beneficial owner is a BEE Compliant Person for a period of time as prescribed by the Issuer;

BEE Securities means the Securities in respect of which the Issuer requires that the registered owner or, if the registered owner is a Nominee for a beneficial owner, the beneficial owner is a BEE Compliant Person for a period of time as prescribed by the Issuer;

BEE Securities means the securities in respect of which an issuer requires that the beneficial owners are Black Persons or Black Groups for a period as prescribed by the issuer;

BEE Securities means the securities in respect of which the issuer requires that the registered owners or, if the Registered owners are nominees for beneficial owners, the beneficial owners, are BEE compliant persons for a period of time as prescribed by the issuer;

BEE Securities means the securities in respect of which ““BEE Securities” means the securities in respect of which the issuer requires that the beneficial owners are BEE the issuer requires that the beneficial owners are BEE Compliant Persons for a period of time as prescribed by the compliant persons for a period of time as prescribed by the issuer;” issuer;”a new clause 1.2.21A is inserted after clause 1.2.21 which a new clause 1.2.16A is inserted after clause 1.2.16 which reads as follows: reads as follows: ““New Registered Shareholder” means Computershare ““New Registered Shareholder” means Computershare Nominees (Proprietary) Limited (Registration No. Nominees (Proprietary) Limited (Registration No. 1999/ 008543/07);” 1999/ 008543/07);”[Note: These definitions are all needed to take account of the listing on the BEE segment and/or Dematerialisation]clause 1. 2.26 is replaced with the following: This clause is already contained in the New Cash Contract;