The further analysis of the structure of Article 47 of the current LoC shows that Paragraphs 3-7 stipulate the procedure for the implementation of the pre-emption right
to purchase the shares offered to sale, and Paragraph 11 details specific exemptions where the pre-emption right
shall not be applied: "If shares in a private limited liability company are disposed of in any other manner prescribed by law (other than by selling) or under the court decision, this Article shall not apply; however, in any case of share disposal, the number of shareholders in a private limited liability company may not exceed <.
Eni has the option to terminate the SPA following an exercise by Tullow of its pre-emption rights
Reportedly, the arbitration panel established in a partial award on 24 September 2016 that Polaris, in light of the parties' respective actions, pursuant to the parties' shareholders' agreement in relation to Starman has not waived its pre-emption right
With the deal, Anglo American will raise its interest in De Beers to 85%, but if Botswana exercises its pre-emption right
over CHLa[euro](tm)s De Beers shares, it will only buy 30% in the diamond miner and lift its stake to 75%.
CanArgo Norio had previously been in negotiations with a large third party energy company to farm-in to Norio, but Georgian Oil have exercised their pre-emption right
under the PSA.
Reportedly, the right to subscribe for shares shall, with derogation from the shareholders' pre-emption rights
, vest in a limited number of external investors informed by the company.
Chair, Urs Rohner, said, 'We believe that keeping 100 percent of our valuable Swiss bank, while raising capital through a rights offering with pre-emption rights
, is the right course of action and will result in significant value creation for shareholders over time.
43%), which was part of the original deal, have exercised their pre-emption rights
on that asset.
Importantly, pursuant to the CCL the existing shareholders of a public joint stock company do not have pre-emption rights
in respect of shares issued pursuant to an ESOP.
The transaction remains subject to several conditions, including the waiver of pre-emption rights
by Anglo American's joint venture partner, Marubeni Coal Pty Ltd.
Nationally, people need to understand that given the current legislation and rulings by the STB, anyplace there is a railroad track in a neighborhood or through backyards, a railroad owner may purchase residential property and do anything they want under the federal pre-emption rights
afforded to railroads.
The regulations mainly involve respect for prices and payment terms as well as priority for granting pre-emption rights