Reduction of Capital definition

Reduction of Capital means the reduction of the share capital of INM by the cancellation of the INM Ordinary Shares, to be effected as part of the Scheme under Sections 84 to 86 of the Act;

Reduction of Capital means the reduction of the entire issued share capital of Yew Grove by the cancellation of all Yew Grove Shares in issue to be effected as part of the Scheme pursuant to Sections 84 to 86 of the Act;

Reduction of Capital means the reduction of capital of the company pursuant to the Act, details of which are to be set out in the Circular; and

Examples of Reduction of Capital in a sentence

• Step Eight [TBD] Reduction of Capital – Director solvency statement Director Solvency Statements - signed by directors of Atrium in respect of the capital reduction Timing: Article 61A(1) of the Law requires the directors to make this statement not more than 15 days before the Reduction Special Resolution is passed.

• Step Nine [TBD] Reduction of Capital – Shareholder Meeting Atrium Second Shareholder Meeting – Reduction Extraordinary General Meeting held and resolution to approve 26 the Reduction Special Resolution is voted on.

• Step 5g - File interim accounts Subject to the completion of Step 5f, Al Noor shall prepare and deliver interim accounts to the Registrar of Companies showing the effect of the Second Reduction of Capital, the Special Dividend and the Tender Offer.

• The Scheme will become Effective in accordance with its terms on delivery to the Registrar of Companies of the Court Order together with the minute required by Section 86 of the Act confirming the Reduction of Capital to take place in connection with the Acquisition, and the Reduction of Capital becomes effective upon the registration of the Court Order and minute by the Registrar of Companies.

• INM will then issue new INM Ordinary Shares to Mediahuis in place of the INM Ordinary Shares that were cancelled pursuant to the Scheme and the Reduction of Capital and Mediahuis will pay the Consideration for the Acquisition to the INM Shareholders.

More Definitions of Reduction of Capital

Reduction of Capital means the reduction of capital to be undertaken by New TopCo by way of solvency statement pursuant to the Companies (Amending No. 11) (Jersey) Law 2014 in accordance with the Restructuring Plan;

Reduction of Capital means the reduction of the share capital of ICI under section 135 of the Companies Act 1985 by the cancellation and extinguishing of the Cancellation Shares, to be effected as part of the Scheme.

Reduction of Capital means the reduction of the entire issued share capital of Yew Grove by the cancellation of all Yew Grove Shares in issue other than the Excluded Scheme Share to be effected as part of the Scheme under Sections 84 to 86 of the Act;

Reduction of Capital means the court approved reduction of capital of Topco pursuant to the Companies Xxx 0000, which became effective on 29 October 2020, as more particularly described in the Circular;

Reduction of Capital. ’ means the proposed court-confirmed reduction of capital of the Company under Part 17 of the Act, reducing the nominal value of each of the New Shares to

Reduction of Capital means the reduction of the entire issued share capital of Target REIT by the cancellation of the Target REIT Scheme Shares; "Registrar of Companies" means the Registrar of Companies in Dublin, Ireland as defined in Section 2 of the Act;

Reduction of Capital means the proposed reduction of the Target’s share capital pursuant to section 641(1)(b) of the 2006 Act, provided for by the Scheme;