Examples of Zarlink Debentures in a sentence
As of the close of business on August 30, 2011, there were issued and outstanding 123,130,475 Zarlink Shares, no Zarlink Preferred Shares, $68,899,000 of principal amount of Zarlink Debentures and a total of 9,500,341 Zarlink Shares were issuable upon the exercise of outstanding Zarlink Options.
Subsequent to August 30, 2011: (i) no Zarlink Preferred Shares, Zarlink Options or Zarlink Debentures were issued; and (ii) no Zarlink Shares were issued, except to the extent of the issuance of the appropriate amount of Zarlink Shares issued pursuant to the exercise of Zarlink Options outstanding on August 30, 2011 or the issuance of the appropriate amount of Zarlink Shares upon the conversion of Zarlink Debentures outstanding on August 30, 2011.
The Offeror intends to acquire all of the outstanding Zarlink Shares and Zarlink Debentures pursuant to the Offers, the redemption of the Zarlink Debentures and/or compulsory acquisition or second-step transaction effected in connection therewith.
The Offeror has taken up and paid for 123,438,737 Zarlink Shares, representing approximately 96% of the outstanding Zarlink Shares, and CAD$54,417,000 principal amount of Zarlink Debentures representing approximately 87% of the outstanding Zarlink Debentures.
The Zarlink Shares and Zarlink Debentures, which are listed on the Toronto Stock Exchange and trade under the symbol “ZL” and “ZL.DB” respectively, were acquired pursuant to the Offers.
Under applicable securities legislation, Microsemi is deemed to be the indirect owner of such Zarlink Shares and Zarlink Debentures.
The obligations of the Offeror to take up and pay for Zarlink Shares and Zarlink Debentures under the Offers shall not be subject to any conditions except for the conditions set forth in Schedule B hereto (the “Conditions of the Offers”).
Permit the Zarlink Acquisition Consideration Blocked Amount, if any, to be used for any purpose other than (i) redeeming, repurchasing or retiring the Zarlink Debentures, (ii) purchasing Zarlink Shares and (iii) consummating any Zarlink Offer Extension, Zarlink Compulsory Acquisition or Zarlink Subsequent Acquisition Transaction, as the case may be, in each case, on the same terms set forth in the Zarlink Offer Documents (or terms more favorable to the Borrower).