Common use of Transfer of Scheme Shares Clause in Contracts

Transfer of Scheme Shares. ‌ On the Implementation Date: (a) subject to the provision of the Scheme Consideration in the manner contemplated by clause 5.2(a) and Target having provided Bidder with written confirmation thereof, the Scheme Shares, together with all rights and entitlements attaching to them as at the Implementation Date, must be transferred to Bidder, without the need for any further act by any Scheme Shareholder (other than acts performed by Target as attorney and agent for Scheme Shareholders under clause 8.5), by: (i) Target duly completing and executing the Scheme Transfer, duly executed on behalf of the Scheme Shareholders (as transferors), and delivering it to Bidder; and (ii) Bidder duly executing the Scheme Transfer (as transferee), attending to the stamping of the Scheme Transfer (if required) and delivering it to Target for registration; and (b) immediately following receipt of the Scheme Transfer in accordance with clause 4.2(a), Target must enter, or procure the entry of, the name of Bidder in the Share Register in respect of all the Scheme Shares transferred to Bidder in accordance with this Scheme.

Appears in 1 contract

Sources: Scheme Implementation Deed

Transfer of Scheme Shares. On the Implementation Date: (a) subject to the provision of the Scheme Consideration in the manner contemplated by clause 5.2(a) clauses 4.4 and Target 4.5 and Bidder having provided Bidder Target with written confirmation thereof, all of the Scheme SharesShares will, together with all rights and entitlements attaching to them as at the Implementation DateScheme Shares, must be transferred to Bidder, Bidder without the need for any further act by any Scheme Shareholder (other than acts performed by Target or its directors as attorney and or agent for Scheme Shareholders under clause 8.5), this Scheme) by: (i) Target duly completing and executing the delivering to Bidder a completed Scheme Transfer, Transfer duly executed on behalf of the Scheme Shareholders (as transferors), and delivering it to Bidderin accordance with clause 7.1 of this Scheme; and (ii) Bidder delivering to Target a completed Scheme Transfer, duly executing the Scheme Transfer (as transferee)executed by ▇▇▇▇▇▇, and attending to the stamping of the Scheme Transfer (if required) and delivering it to Target for registration); and (b) immediately following receipt of the Scheme Transfer in accordance with clause 4.2(a4.3(a), Target must enter, or procure the entry of, the name and address of Bidder in the Target Share Register in respect as the holder of all of the Scheme Shares transferred to Bidder in accordance with this SchemeShares.

Appears in 1 contract

Sources: Scheme Implementation Agreement

Transfer of Scheme Shares. On the Implementation Date: (a) subject to the provision of the Scheme Consideration in the manner contemplated by clause 5.2(a) this scheme and the Bidder or HoldCo providing the Target having provided Bidder with written confirmation thereofof that, all of the Scheme Shares, together with all rights and entitlements attaching to them as the Scheme Shares at the Implementation Date, must will be transferred to the Bidder, without the need for any further act by any Scheme Shareholder (other than acts performed by the Target or its officers as agent and attorney and agent for of the Scheme Shareholders under clause 8.5), 8.5 or otherwise) by: (i) the Target delivering to the Bidder a duly completing completed and executing the Scheme Transfer, duly executed on behalf share transfer form to transfer all of the Scheme Shareholders (as transferors), and delivering it Shares to the Bidder; and (ii) the Bidder duly executing the Scheme Transfer (as transferee), attending to the stamping of the Scheme Transfer (if required) such transfer form and delivering it to the Target for registration; and (b) immediately following as soon as practicable after receipt of the Scheme Transfer transfer form in accordance with clause 4.2(a4.3(a)(ii), the Target must enter, or procure the entry of, enter the name of the Bidder in the Target Share Register in respect of all the Scheme Shares transferred to Bidder in accordance with this SchemeShares.

Appears in 1 contract

Sources: Scheme Implementation Agreement