BEE Transaction definition

BEE Transaction means the issue of equity instruments to Black Persons or a group of Black Persons based on the principles of broad-based black economic empowerment the aim of which includes-
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BEE Transaction means the broad-based black economic empowerment transaction with an aggregate value of R7,500,000,000.00 (seven billion five hundred million rand), in terms of which inter alia the company acquired 3.4% (three point four percent) of the shares in VSA;
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BEE Transaction means a transaction entered into by any member of the Group for the purposes of compliance with the BEE Requirements;
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Examples of BEE Transaction in a sentence

  • For the avoidance of doubt, subject to compliance with clauses6 and 7, the Company shall have the capacity and authority to negotiate, enter into and implement the Transaction Documents, the BEE Transaction Documents and the Refinancing Agreements to which it is a party.

  • A Historical BEE Transaction shall be recognised for the reporting period ending on the date on which this Mining Charter is published in the Government Gazette.

  • For the BEE Transaction Financing and Risk Capital to support economic growth through the black industrialisation pillar of economic empowerment, the target for investment is R32 billion for banks and R15 billion for long-term insurers.

  • It does not purport to be indicative of what the financial results would have been, had the MTN Zakhele Integrated Unwind, the 2016 MTN BEE Transaction and the 2016 ESOP been implemented on a different date.

  • In terms of IFRS2, Hulamin has treated the BEE Extension Transaction as a modification of the existing BEE Transaction and the valuation of the BEE Extension Transaction reflects the market observables at the modification date as noted below.

  • Immediately after the Offer and the Listing, there will be no more than 594 134 783 Ordinary Shares in issue (based a minimum free-float of 40% and an Offer Price at the mid-point of the Offer Price Range) (excluding the Ordinary Shares held by each of the ESOP SPV and the BDT SPV pursuant to the BEE Transaction).

  • Such share certificates shall only be released, if necessary, for the purposes of implementing any transfer permitted in terms of this Agreement and/or required under the BEE Transaction Documents on the basis that once such transfer is implemented, all share certificates in respect of the remaining MTN Shares after such transfer are retained and held by MTN (or its relevant nominees or agents).

  • Hulamin proposes amending its current Memorandum of Incorporation (“MOI”) in order to give effect to the cancellation of the shares created for the Initial BEE Transaction and the Proposed Creation and the Proposed Conversion as contemplated in paragraph 2.1 above.

  • The Strategic Partners’ BEE Transaction will entail the issue of three tranches of B ordinary shares (B1 ordinary shares, B2 ordinary shares and B3 ordinary shares) to the strategic black partners.

  • The Vodacom SA BEE transaction was, at the time of the implementation of the abovementioned transaction ("Vodacom SA BEE Transaction"), one of South Africa’s largest empowerment schemes in the telecommunications industry.


More Definitions of BEE Transaction

BEE Transaction means Vodacom Group’s proposed R16.4 billion BEE transaction, detailed in paragraph 3 of this circular, to be implemented via a series of interlinked and inter-conditional transactions, namely: (i) the unwind of the existing Vodacom SA BEE transaction, (ii) the consolidation of Vodacom SA BEE shareholders’ interest in Vodacom SA into YeboYethu, (iii) the declaration of the special dividend to YeboYethu shareholders, (iv) a contribution by Vodacom Group (on its own behalf and for the benefit of the employer companies) to the Vodacom ESOP to enable the Vodacom ESOP to acquire and subscribe for YeboYethu ordinary shares, (v) the exchange of YeboYethu’s shareholding in Vodacom SA to Vodacom Group in return for the issue of shares by Vodacom Group; and (vi) the raising of funding by YeboYethu through the issue of YeboYethu preference shares to Vodacom Group and third-party funders and the use of the proceeds, among other things, to undertake the Vodacom Group specific issue;
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BEE Transaction means any ownership transactions between any Member of the Founder Group and Black People;
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Related to BEE Transaction

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.

  • M&A Transaction means (a) a transaction in which all or substantially all of the assets to which the subject matter of this Agreement relates are acquired by or assigned to party that is not an Affiliate, or (b) a sale of all or substantially all of the share capital of BioLine (or its Affiliates), (c) the merger of BioLine (or its Affiliates) with any other entity, or any other similar corporate action, except an internal reorganization of BioLine (or its Affiliates) for tax-related reasons otherwise.

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the Shareholders. Such term does not include:

  • Sale Transaction has the meaning set forth in Section 3(a).

  • Package Transaction means a transaction involving two or more instruments:

  • MFN Transaction means a transaction in which the Company issues or sells any securities in a capital raising transaction or series of related transactions which grants to an investor the right to receive additional shares based upon future transactions of the Company on terms more favorable than those granted to such investor in such offering.

  • Company Acquisition Transaction means any transaction or series of transactions involving:

  • Excluded Transaction means any transaction in which assets are transferred to: (A) a shareholder of the Company (determined immediately before the asset transfer) in exchange for or with respect to its stock; (B) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly or indirectly, by the Company (determined after the asset transfer); (C) a Person, or more than one Person Acting as a Group, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting power of all the outstanding stock of the Company (determined after the asset transfer); or (D) an entity at least fifty percent (50%) of the total value or voting power of which is owned, directly or indirectly, by a Person described in clause (C) (determined after the asset transfer).

  • Acquisition Transaction has the meaning set forth in Section 5.09(a).

  • Proposed Acquisition Transaction means, with respect to a SpinCo, a transaction or series of transactions (or any agreement, understanding or arrangement, within the meaning of Section 355(e) of the Code and Treasury Regulations Section 1.355-7, or any other Treasury Regulations promulgated thereunder, to enter into a transaction or series of transactions), whether such transaction is supported by the management or shareholders of such SpinCo, is a hostile acquisition, or otherwise, as a result of which such SpinCo would merge or consolidate with any other Person or as a result of which any Person or Persons would (directly or indirectly) acquire, or have the right to acquire, from such SpinCo and/or one or more holders of outstanding shares of Capital Stock of such SpinCo, a number of shares of Capital Stock of such SpinCo that would, when combined with any other changes in ownership of Capital Stock of such SpinCo pertinent for purposes of Section 355(e) of the Code, comprise 45% or more of (a) the value of all outstanding shares of stock of such SpinCo as of the date of such transaction, or in the case of a series of transactions, the date of the last transaction of such series, or (b) the total combined voting power of all outstanding shares of voting stock of such SpinCo as of the date of such transaction, or in the case of a series of transactions, the date of the last transaction of such series. Notwithstanding the foregoing, a Proposed Acquisition Transaction shall not include (i) the adoption by such SpinCo of a shareholder rights plan or (ii) issuances by such SpinCo that satisfy Safe Harbor VIII (relating to acquisitions in connection with a person’s performance of services) or Safe Harbor IX (relating to acquisitions by a retirement plan of an employer) of Treasury Regulations Section 1.355-7(d). For purposes of determining whether a transaction constitutes an indirect acquisition, any recapitalization resulting in a shift of voting power or any redemption of shares of stock shall be treated as an indirect acquisition of shares of stock by the non-exchanging shareholders. This definition and the application thereof is intended to monitor compliance with Section 355(e) of the Code and shall be interpreted accordingly. Any clarification of, or change in, the statute or Treasury Regulations promulgated under Section 355(e) of the Code shall be incorporated into this definition and its interpretation.

  • Qualifying Transaction means a transaction where a CPC acquires Significant Assets, other than cash, by way of purchase, amalgamation, merger or arrangement with another Company or by other means.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Online Transaction means any Phone/Electronic Transaction requested through an Electronic Transmission over the Internet.

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity including any secured or unsecured financing, any securitization transaction, or any securities offering which is either registered or exempt from registration under federal and state securities law.

  • Acquisition Transactions means the transactions contemplated by the Acquisition Agreement.

  • Public-finance transaction means a secured transaction in connection with which:

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Borrower or any Restricted Subsidiary pursuant to which the Borrower or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Securitization Assets (which may include a backup or precautionary grant of security interest in such Securitization Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person other than a Receivables Subsidiary.

  • Void Transaction means any transaction wherein the transaction has taken place but has been cancelled /rejected /unsuccessful by the Alliance Partner.

  • Acquisition Transaction Announcement means (i) the announcement of an Acquisition Transaction or an event that, if consummated, would result in an Acquisition Transaction, (ii) an announcement that Counterparty or any of its subsidiaries has entered into an agreement, a letter of intent or an understanding designed to result in an Acquisition Transaction, (iii) the announcement of the intention to solicit or enter into, or to explore strategic alternatives or other similar undertaking that may include, an Acquisition Transaction, (iv) any other announcement that in the reasonable judgment of the Calculation Agent may result in an Acquisition Transaction, or (v) any announcement of any change or amendment to any previous Acquisition Transaction Announcement (including any announcement of the abandonment of any such previously announced Acquisition Transaction, agreement, letter of intent, understanding or intention). For the avoidance of doubt, announcements as used in the definition of Acquisition Transaction Announcement refer to any public announcement whether made by the Issuer or a third party.

  • Purchase Transaction means a purchase of scrap metal, or the purchase of property described in section 10 if the knowing purchase or offer to purchase that property is not prohibited by that section, by a scrap metal dealer. The term does not include any of the following:

  • Excluded Transactions means:

  • Required Transaction means any transaction involving a Swap that is subject to the trade execution requirement of Section 2(h)(8) of the Act.

  • Debt Purchase Transaction means, in relation to a person, a transaction where such person:

  • Exchange Transaction means an exchange of Units for Common Units pursuant to, and in accordance with, the Exchange Agreement or, if the Issuer and the exchanging Limited Partner shall mutually agree, a Transfer of Units to the Issuer, the Partnership or any of their subsidiaries for other consideration.

  • Transaction means the transactions contemplated by this Agreement.