Sasol BEE Ordinary Shares definition

Sasol BEE Ordinary Shares means no par value Shares in the Company’s Share capital designated as "Sasol BEE Ordinary Shares", having the rights, privileges and restrictions set out in clauses 40 to 47, if the Election is not exercised or a Holder’s exercise of the Election is void for any reason, or clause 47A.2, if the Election is exercised and/or if a Holder acquires Sasol BEE Ordinary Shares after the SOLBE1 Redesignation Date whether as a consequence of a new issue, or a transfer, of Sasol BEE Ordinary Shares;
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Sasol BEE Ordinary Shares means no par value shares in Sasol’s share capital designated as ‘Sasol BEE Ordinary Shares’;
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Sasol BEE Ordinary Shares means no par value Shares in the Company’s Share capital designated as “Sasol BEE Ordinary Shares”, having the rights, privileges and restrictions set out in clause 40;
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Examples of Sasol BEE Ordinary Shares in a sentence

  • The Sasol BEE Ordinary Shares shall automatically be re-designated as Ordinary Shares, on the expiry of the Empowerment Period.

  • In the event that the listings requirements of the JSE so permit and the Company determines that a listing of Sasol BEE Ordinary Shares on the JSE is not ensuring that in general Sasol BEE Ordinary Shares are Beneficially Owned by BEE Compliant Persons only, the Company shall be entitled to delist the Sasol BEE Ordinary Shares form the JSE, provided that it puts in place an alternative trading mechanism.

  • The Cash Contract or New Cash Contract, as the case may be, to which an Election Shareholder is a party shall remain unaffected by the making of an election by the Election Shareholder to retain his Sasol BEE Ordinary Shares in certificated form.

  • Any proof-of-participation or other similar statement issued by the Company to any Holder of Sasol BEE Ordinary Shares which are held in certificated form and accordingly obliged to be held in safe custody, will cease to be of any force or effect from the date on which his Sasol BEE Ordinary Shares are dematerialised.

  • If any Holder of certificated Sasol BEE Ordinary Shares (including any Election Shareholder) elects to dematerialise his Sasol BEE Ordinary Shares, he shall be obliged to sign a BEE Contract in respect of those Shares being dematerialised.

  • NEW ISSUES OF SASOL BEE ORDINARY SHARES If Sasol BEE Ordinary Shares are issued after the SOLBE1 Redesignation Date, each Registered Holder of such Sasol BEE Ordinary Shares is bound by the terms set forth in Schedule 6 as regards such new issues of Sasol BEE Ordinary Shares to the exclusion of any Cash Contract, New Cash Contract or BEE Contract which may have been signed by that Registered Holder, irrespective of whether they deal with new issues of Sasol BEE Ordinary Shares or not.

  • For purposes of clause 1.13 of the BEE Contract and clauses 43.3 to 43.8, “ Empowerment Period” means the period ending on 7 September 2018 or such shorter period as may be determined by the Company in its sole discretion and notified in one national South African newspaper, and if the Sasol BEE Ordinary Shares are listed on the JSE, on the Securities Exchange News Service.

  • Those above 60 years constituted 1% of the total study sample.With the educational level, it was identified that 28.5% had no formal education, 48.5% were basic school leavers, that is, had attended either primary or junior high school, 10% constituting secondary graduates whiles 13% had tertiary education.

  • Securities transfer tax shall be borne by the Company or the Company’s Nominee, if it is the purchaser of the Sasol BEE Ordinary Shares contemplated in These Terms.

  • The Registered Holder is permitted to encumber the Sasol BEE Ordinary Shares subject to clause 15 of the BEE Contract.


More Definitions of Sasol BEE Ordinary Shares

Sasol BEE Ordinary Shares means no par value shares in Sasol’s share capital designated as ‘Sasol BEE Ordinary Shares’;” 7. A new clause 1.2.29A is inserted after clause 1.2.29 which reads as follows:
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Sasol BEE Ordinary Shares means ordinary shares of no par value in the stated capital of Sasol;
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Sasol BEE Ordinary Shares means no par value Shares in the Company’s Share capitaldesignated as “Sasol BEE Ordinary Shares” having the rights, privileges and restrictions set out in clauses 40 to 47;”
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Sasol BEE Ordinary Shares means no par value Shares in the Company’s Share capital
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Sasol BEE Ordinary Shares means no par value shares in Sasol’s share capital designated as ‘Sasol BEE Ordinary Shares’;” [Note: This definition has been amended to correct an error and make it clear that it is not Sasol Limited ordinary shares which are being referred to. ]a new clause 1.2.29A is inserted after clause 1.2.29 which a new clause 1.2.22A is inserted after clause 1.2.22 which reads as follows: reads as follows:
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Related to Sasol BEE Ordinary Shares

  • New Ordinary Shares means the new Ordinary Shares arising on Conversion of the C Shares;

  • Ordinary Shares shall have the meaning given in the Recitals hereto.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Common Shares means the common shares in the capital of the Company;

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • A Shares means a participating share of no par value in the capital of the Fund, denominated in US Dollars;

  • Common Stock means the common stock of the Company.

  • sweat equity shares means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called;

  • Ordinary Share Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares or ADSs, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares or ADSs.

  • Class B Ordinary Share means an Ordinary Share of a par value of US$0.0001 in the capital of the Company, designated as a Class B Ordinary Share and having the rights provided for in these Articles;

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • Equity Shares means the Common Shares and any shares of any other class or series of the Corporation which may from time to time be authorized for issue if by their terms such shares confer on the holders thereof the right to participate in the distribution of assets upon the voluntary or involuntary liquidation, dissolution or winding up of the Corporation beyond a fixed sum or a fixed sum plus accrued dividends;