Initial Shareholding. As of the Closing Date, Panasonic shall hold 14,700 Shares, which shall represent forty nine percent (49%) of the issued and outstanding Shares as of the Closing Date, and Tower shall hold 15,300 Shares, which shall represent fifty one percent (51%) of the issued and outstanding Shares as of the Closing Date.
Appears in 3 contracts
Sources: Shareholders Agreement, Shareholders Agreement (Tower Semiconductor LTD), Shareholders Agreement (Tower Semiconductor LTD)