Capitalisation Issue definition

Capitalisation Issue means the issue of shares on a capitalisation of the company’s profits and/or reserves;

Capitalisation Issue means a capitalisation issue as contemplated in section 47 of the Act;

Capitalisation Issue means the issue of shares as a result of the capitalisation of the Company’s or a Subsidiary’s profits and/or reserves (including the share premium account and the capital redemption reserve fund);

Examples of Capitalisation Issue in a sentence

• On 20 August 2018, 599,998,000 new ordinary shares of nominal value of HK$5,999,980 were issued and credited as fully paid, by way of capitalisation from the share premium account of the Company, pursuant to the Capitalisation Issue as detailed in the Prospectus.

• Monday, 26 AugustListing of the N Ordinary Shares on Euronext Amsterdam and the JSE at 09:00 Wednesday, 11 SeptemberImplementation of the Capitalisation Issue (including the issue of the Naspers M Ordinary Shares and the automaticcontribution for the issue of the N Ordinary Shares) and the Naspers A Share Capitalisation Issue ..........................................

• In this regard, Naspers N Shareholders will receive M ordinary shares in the capital of Naspers (the Naspers M Ordinary Shares), which will be automatically contributed to the Company in return for the issue of N Ordinary Shares to Naspers N Shareholders; or (ii) at their Election, instead of receiving N Ordinary Shares, receive additional Naspers N Ordinary Shares, (together, the Capitalisation Issue).

• Similar principles apply in relation to the last day to trade in order to participate in the Capitalisation Issue.

• Pursuant to the resolution of the Company’s shareholders passed on 18 September 2018, inter-alia, the authorised share capital of the Company was increased from HK$380,000 to HK$100,000,000 by the creation of an additional 9,962,000,000 shares of HK$0.01 each and the Capitalisation Issue (as defined below) was conditionally approved.

More Definitions of Capitalisation Issue

Capitalisation Issue means an issue by any company of fully paid shares in such company from such company’s share premium, capital redemption reserve fund or reserves, or a combination thereof, to existing shareholders of such company in proportion to their shareholdings in such company at a specific date, which issue may also be referred to on some occasions as a bonus issue;

Capitalisation Issue means the issue of share on a capitalisation of the company's profits and/or reserves (including the share premium account and the capital redemption reserve fund);

Capitalisation Issue means a capitalisation issue by Reunert in accordance with the provisions of section 47 of the Act;

Capitalisation Issue means the issue of new RKE Shares to the Selling Shareholder, subject to the Spin-off Condition and to be effected simultaneously with the completion of the Global Offering, by way of capitalisation of amounts standing to the credit of the share premium account of RKE, such RKE Shares ranking pari passu in all respects with the then existing RKE Shares and further details of which will be set out in the Prospectus;

Capitalisation Issue means a form of a secondary issue where a company’s cash reserves are converted into new shares that are given to existing shareholders relative to existing shareholding;

Capitalisation Issue means an issue of 594,259,588 shares of the Company to be made upon the capitalisation of part of the amount standing to the credit of the share premium account of the Company as referred to in the paragraph headed “Share Capital – Capitalisation Issue” of the Prospectus;

Capitalisation Issue means an issue by any company of fully paid shares in such company from such company’s share premium, capital redemption reserve fund or reserves, or a combination thereof, to existing shareholders of such company in proportion to their shareholdings in such company at a