Variable Multiple Voting Shares definition
Examples of Variable Multiple Voting Shares in a sentence
This Plan of Arrangement, within the meaning of Section 182 of the OBCA, will become effective on, and be binding on and after, the Effective Date on (i) Four Seasons, (ii) Purchaser, (iii) all holders and all beneficial owners of Limited Voting Shares, (iv) all holders of Four Seasons Options, and (v) all holders and beneficial owners of Variable Multiple Voting Shares.
The authorized share capital of Four Seasons consists of 3,725,698 Variable Multiple Voting Shares, an unlimited number of Limited Voting Shares, an unlimited number of First Preference Shares, issuable in series and an unlimited number of Second Preference Shares, issuable in series.
Other than the Variable Multiple Voting Shares, the Four Seasons Options and the Four Seasons Convertible Notes, there are no securities of Four Seasons or of any of its subsidiaries outstanding which have the right to vote generally (or are convertible into or exchangeable for securities having the right to vote generally) with the Four Seasons Shareholders on any matter.
The authorized capital of the company consists of ONE BILLION FIVE HUNDRED MILLION (1,500,000,000) shares consisting of FIVE HUNDRED MILLION (500,000,000) Class A Subordinate Voting Shares without par value, FIVE HUNDRED MILLION (500,000,000) Class B Variable Multiple Voting Shares without par value, TWO HUNDRED FIFTY MILLION (250,000,000) First Preferred Shares without par value and TWO HUNDRED FIFTY MILLION (250,000,000) Second Preferred Shares without par value.
The special rights and restrictions attached to the Class A Subordinate Voting Shares, Class B Variable Multiple Voting Shares, First Preferred Shares and Second Preferred Shares, are as set out in the Articles of the Company.
The Variable Multiple Voting Shares of Acquiror shall be in two series and shall have the conversion, dividend, redemption, voting, and other rights described in the term sheet attached as Annex A hereto (the “Term Sheet”).
The dividends declared and paid on the Variable Multiple Voting Shares will be in amounts per share equal to 50% of the dividends declared and paid on the Limited Voting Shares, regardless of whether the number of votes attaching to the Variable Multiple Voting Shares is further increased.
Pursuant to the Voting Agreement, each of Kingdom and Cascade has agreed to vote the Limited Voting Shares owned by it in favour of the Arrangement Resolution and Triples has agreed to vote all of the Variable Multiple Voting Shares owned by it in favour of the Arrangement Resolution, subject in each case to the terms and conditions contained in the Voting Agreement.
The holders of Limited Voting Shares and Variable Multiple Voting Shares will be entitled to receive notice of any meeting of FSHI's shareholders and to attend and vote at that meeting, except those meetings where only the holders of shares of another class or of a particular series are entitled to vote.
Triples has agreed with FSHI, Kingdom and Cascade that it will vote all of its Variable Multiple Voting Shares FOR the Arrangement Resolution.