SHAREHOLDING STRUCTURE Clause Samples
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SHAREHOLDING STRUCTURE. (1) Except as disclosed, as of the date hereof, the payment of the issued capital of the Company is in full compliance with the requirements of laws of Cayman Islands and Company’s Articles of Association. All of the issued capital of the Company is held by the Shareholders, free and clear of any Encumbrances. The Company has no legal or contractual obligation to provide any capital investment (whether by loan, capital contribution or otherwise) to any other Person;
(2) The shareholders and their shareholding percentage in the currently effective shareholders' list of the Company can truly, accurately and completely reflect the issued share capital of the Company prior to this Private Placement.
SHAREHOLDING STRUCTURE an updated list of the Borrower’s shareholders / stockholders, and if the Borrower is member of a group of companies, the respective group structure chart, without delay since the date of any amendment in any list and/or upon the Bank’s request in this respect;
SHAREHOLDING STRUCTURE. The chart below sets out the shareholding structure of the Company as at the date of this announcement: SSL ▇▇. ▇▇ SBL ▇▇. ▇▇▇▇▇ 4.09% 12.06% 25.74% 0.89% 20.76% 0.46% 2.20% BRVL SCGL MCIL Other Disinterested Shareholders 100% Participating Management Shareholders 100%
SHAREHOLDING STRUCTURE. Schedule 3(z) contains the detailed current shareholding structure of the Controlling Shareholder (the “Shareholding Structure”). There are no pending or to the Knowledge of the Borrower threatened claims of any third party or within the Controlling Shareholder and its, Affiliates and Subsidiaries in connection with the corporate transactions that resulted in the current Shareholding Structure.
SHAREHOLDING STRUCTURE. The table below sets out the shareholding structure of the Company as at the date of this announcement and immediately following implementation of the Proposal and completion of the transfer of 100,000,000 fully paid TopCo Shares by Chen Family Trust SPV 2 to CVC HoldCo (see the section headed “Arrangements Material to the Proposal – Consortium Agreement” in this announcement), assuming that: (a) no further Shares will be issued and no further RSUs will be granted under the 2016 Equity Incentive Plan on or before the Record Date; and (b) there will be no other change in the shareholding of the Company before the Effective Date. As at the date of this announcement Immediately following implementation of the Proposal and completion of the transfer of 100,000,000 fully paid TopCo Shares from Chen Family Trust SPV 2 to CVC HoldCo(7) Number of Shares as a percentage of total number of Shares in issue (%) Number of RSUs which have been granted but have not yet vested Number of Shares Number of Shares %
SHAREHOLDING STRUCTURE. Assuming the maximum number of Consideration Shares are allotted and issued to the Vendors, the shareholding structure of the Company before and after the Completion of the Proposed Transactions is set out as follows: Direct Interest Deemed Interest Direct Interest Deemed Interest No. of Shares % No. of Shares % No. of Shares % No. of Shares % Ip ▇▇▇▇ ▇▇▇▇ (1) 74,319,300 36.88 61,601,150 30.57 74,319,300 23.11 61,601,150 19.16 ▇▇▇ ▇▇▇▇ ▇▇ 61,601,150 30.57 74,319,300 36.88 61,601,150 19.16 74,319,300 23.11 ▇▇▇▇▇ (1) ▇▇ ▇▇▇▇▇ - - - - - - - - ▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇ - - - - - - - - ▇▇▇▇ ▇▇ - - - - - - - - Limjoco Substantial Shareholders Vendors) [Nil] - - - - - - - - persons ▇▇▇▇ - - - - 35,294,118 10.98 - - Xinmeng (2) ▇▇▇ ▇▇▇▇ (2) - - - - 35,294,118 10.98 - - ▇▇▇▇ (2) - - - - 49,411,764 15.37 - - ▇▇▇▇ ▇▇▇▇▇▇▇▇ (2) - - - - - - 49,411,764 15.37 (3) Existing 65,614,826 32.55 - - 65,614,826 20.41 - - Public
(1) ▇▇ ▇▇▇▇ ▇▇▇▇ and ▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇ are deemed interested in Shares held by the other by virtue of their relationship as spouses.
(2) The information in respect of the Vendors and related persons was provided by the Vendors and is subject to further updates including, inter alia, information ascertained in the course of the Company’s due diligence.
(3) ▇▇▇▇ ▇▇▇▇▇▇▇▇ holds 83% of the issued share capital of ▇▇▇▇ and is therefore deemed interested in the Shares held by ▇▇▇▇.
SHAREHOLDING STRUCTURE. 8.4.1 In the event of an issue of new Shares, each of the Shareholders shall be entitled to subscribe for a quantity of such new Shares proportional to its Equity Proportion prior to such issuance, save that such issue of new Shares shall be consented to by the Investor in writing (unless the 66% Share Repurchase has been effected, in which case such specific consent of the Investor is not required).
8.4.2 The Company shall give written notice to the Investor of its intention to carry out further fund raising. Any such further fund raising shall be subject to prior written consent from the Investor, and will similarly be by way of issuing new shares (be it by way of the issuance of ordinary shares (regardless of share class), preferential shares, share options, convertible securities and/or similar instruments, as well as any securities issued in connection with any share split, share dividend or other event), with the shareholding interests of the then existing shareholders diluted accordingly. The Company hereby grants the Investor, and each of the Investor shall have, a first right of refusal to participate in any and all future fund raising prior to IPO and to purchase up to a pro-rata share of the new securities issued by the Company in such fund raising, such pro rata share being the Investor’s then prevailing shareholding interest in the Company immediately prior to such issuance of new securities. Such participation will be on the same terms then offered in such future fund raising. The Investor may, after the Company’s notice of further fund raising, exercise their first right of refusal by giving written notice to the Company and stating therein the quantity of new securities to be purchased by the Investor. This Clause 8.4.2 is subject always to the 66% Share Repurchase not having been effected.
8.4.3 Subject always to this Agreement, the Shareholders agree that Company may allot and issue Shares to such other person or persons (“Other Investor”) provided that such Other Investor shall execute a legally binding undertaking to be bound by the terms of this Agreement as if they were an original party hereto. Upon the execution of such an undertaking, the Shareholders shall take all such steps as are necessary to effect the allotment and issue of such Shares to such Other Investor and such Shares shall on allotment and issue rank pari passe in all respects with all issued Shares.
SHAREHOLDING STRUCTURE. The shareholding structure of the Target Company (including the Target Company’s structure and agreement control structure recorded in the registration authorities) is shown in Appendix 3. The Target Company undertakes and warrants that the shareholding structure shown in Appendix 3 can accurately and completely reflect its shareholding structure as of the date of execution of the Contract.
SHAREHOLDING STRUCTURE. The chart included in Section 2.2 of the Schedule of Exceptions sets forth a complete description of the ownership structure of each Group Company and each business enterprise owned or controlled by the Founder (a “Founder Company”).
SHAREHOLDING STRUCTURE. During the reporting period, the shareholding structure of the Bank remains unchanged compared to Quarter 03 of 2023. The current shareholding structure of the Bank is as follows. Q4- 2023 Q3- 2023 No. of shares % of shareholding No. of shares % of shareholding Islamic Corporation for the Development of the Private Sector (ICD) Government of Maldives ▇▇▇▇▇ ▇▇▇▇▇▇▇ (Maldives) PLC. Public Shareholders Total 4th Quarter Report 2023 20