Entitlement to Share Certificates. (a) Upon the Arrangement becoming effective, certificates representing the BHC Common Shares prior to the BHC Share Exchange shall be deemed for all purposes to be certificates representing BHC Class A Shares and BHC Special Shares after the BHC Share Exchange and accordingly no new certificates representing such shares shall be issued. (b) From the Effective Date until the close of business on the fourth Trading Day following the Effective Date certificates representing BHC Common Shares will represent in addition the Amalco 2 Shares issued in the Arrangement to BHC Shareholders. (c) As soon as practicable certificates representing Amalco 2 Shares will be mailed to those Persons whose names appear on the registers of holders of BHC Common Shares at the close of business on the fourth Trading Day following the Effective Date. (d) Upon the Arrangement becoming effective, certificates that prior to the Effective Date represented B+L Shares (other than those held immediately prior to the Effective Date by Numberco) shall represent the same number of Amalco 2 Shares and accordingly no new certificates representing such shares shall be issued. (e) No certificates will be issued for shares that are issued and subsequently cancelled or exchanged or converted under this Plan of Arrangement.
Appears in 2 contracts
Sources: Arrangement Agreement (Bausch Health Companies Inc.), Arrangement Agreement (Bausch & Lomb Corp)