Template:Nutshell Equity Derivatives 12.6(a): Difference between revisions
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{{eqderivprov|12.6(a)}} The | {{eqderivprov|12.6(a)}} The following [[definition]]s apply: <br> | ||
:(i) “'''{{eqderivprov|Nationalization}}'''” means all an {{eqderivprov|Issuer}}’s {{eqderivprov|Shares}} or substantially all of its assets have to be transferred to a government; <br> | :(i) “'''{{eqderivprov|Nationalization}}'''” means all an {{eqderivprov|Issuer}}’s {{eqderivprov|Shares}} or substantially all of its assets have to be transferred to a government; <br> | ||
:(ii) “'''{{eqderivprov|Insolvency}}'''” means that an {{eqderivprov|Issuer}} becomes insolvent and: | :(ii) “'''{{eqderivprov|Insolvency}}'''” means that an {{eqderivprov|Issuer}} becomes insolvent and: | ||
Latest revision as of 11:42, 21 April 2022
12.6(a) The following definitions apply:
- (i) “Nationalization” means all an Issuer’s Shares or substantially all of its assets have to be transferred to a government;
- (ii) “Insolvency” means that an Issuer becomes insolvent and:
- (A) all its Shares have to be transferred to an insolvency administrator or
- (B) Shareholders of that Issuer are prohibited from transferring them; and
- (iii) “Delisting” means that the Exchange announces that the Shares will cease to be listed on the Exchange (except because of a Merger Event or Tender Offer) and are not immediately re-listed on another exchange in the same country (or, where the Exchange is in the European Union, in the European Union).