Potential Adjustment Event - Equity Derivatives Provision: Difference between revisions

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Created page with "{{eqderivprov|11.2(e)}} "'''{{eqderivprov|Potential Adjustment Event}}'''" means any of the following: <br> :(i) a subdivision, consolidation or reclassification of relevant {..."
 
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{{eqderivprov|11.2(e)}} "'''{{eqderivprov|Potential Adjustment Event}}'''" means any of the following: <br>
#REDIRECT [[Adjustments to Share Transactions and Share Basket Transactions - Equity Derivatives Provision]]
:(i) a subdivision, consolidation or reclassification of relevant {{eqderivprov|Shares}} (unless resulting in a {{eqderivprov|Merger Event}}), or a free distribution or dividend of any such {{eqderivprov|Shares}} to existing holders by way of bonus, capitalization or similar issue; <br>
:(ii) a distribution, issue or dividend to existing holders of the relevant Shares of (A) such {{eqderivprov|Shares}}, or (B) other share capital or securities granting the right to payment of dividends and/or the proceeds of liquidation of the {{eqderivprov|Issuer}} equally or proportionately with such payments to holders of such {{eqderivprov|Shares}}, or (C) share capital or other securities of another issuer acquired or owned (directly or indirectly) by the Issuer as a result of a spin-off or other similar transaction, or (D) any other type of securities, rights or warrants or other assets, in any case for payment (cash or other consideration) at less than the prevailing market price as determined by the {{eqderivprov|Calculation Agent}}; <br>
:(iii) an {{eqderivprov|Extraordinary Dividend}}; <br>
:(iv) a call by the {{eqderivprov|Issuer}} in respect of relevant {{eqderivprov|Shares}} that are not fully paid; <br>
:(v) a repurchase by the {{eqderivprov|Issuer}} or any of its subsidiaries of relevant {{eqderivprov|Shares}} whether out of profits or capital and whether the consideration for such repurchase is cash, securities or otherwise; <br>
:(vi) in respect of the {{eqderivprov|Issuer}}, an event that results in any shareholder rights being distributed or becoming separated from shares of common stock or other shares of the capital stock of the {{eqderivprov|Issuer}} pursuant to a shareholder rights plan or arrangement directed against hostile takeovers that provides upon the occurrence of certain events for a distribution of preferred stock, warrants, debt instruments or stock rights at a price below their market value, as determined by the {{eqderivprov|Calculation Agent}}, provided that any adjustment effected as a result of such an event shall be readjusted upon any redemption of such rights; or <br>
(vii) any other event that may have a diluting or concentrative effect on the theoretical value of the relevant {{eqderivprov|Shares}}. <br>

Latest revision as of 11:32, 12 May 2022