Alternatively, the company in question may circumvent the
preemption rights of the existing shareholders by issuing CBs to the strategic investor, offering him the right, or the option, to convert such CBs into equity in the issuing company.
Article 80 -
Preemption Rights -
preemption rights are still mandatory by operation to law under the New Law, as is the case under the Existing Law.
by assuming this ground, they array themselves in hostility to the moral sense of the civilized world." The way to combat the "curse," he proclaimed, was a homestead act for surveyed government land and
preemption rights for unsurveyed land.
Italy's Eni pulled out of a planned $1.5 billion purchase of Heritage Oil's 50 per cent share of Ugandan Blocks 1 and 3A -- in which London-listed Tullow Oil has
preemption rights.
On Friday, Italy s Eni SpA pulled out of a planned $1.5 billion purchase of Heritage Oil s 50 percent share of Ugandan Blocks 1 and 3A -- in which London-listed Tullow Oil Plc has
preemption rights.
But as Euro-Americans clamored for more land, the principle of indigenous ownership began to be eroded, mainly in relation to the issue of
preemption rights. Previous to the Revolution, Europeans understood the right of preemption to mean that only the European nation claiming interest in a particular territory had the right, in relation to other European nations, to buy land from indigenous people in that territory.
26 confirmed that it will not increase its 9.95% stake in Iberia through the acquisition of shares being sold by BBVA and Logista, to which it has
preemption rights as a core shareholder under a 1999 agreement.
Ownership of the Teesside plant is split between Enron and a number of other companies, which were last week working on unravelling a complex set of
preemption rights and forward power contracts associated with the plant.
Third Worlders are organized in modern-day claim clubs, and their governments have begun to give them
preemption rights.
The discussions began well before Seagram's $10.6 billion purchase of Polygram, announced May 21 in New York, and, said one Lloyd Webber spokesman, remain essentially unaltered by it: "Andrew has legal
preemption rights on that 30%; no one else can bid on it.
The stake buy in Kashagan field is subject to approval of governments of India and Kazakhstan and also the other partner in the Caspian Sea field waiving their
preemption rights. Italy's Eni, Royal Dutch Shell, France's Total, ExxonMobil and Kaz- MunayGas have 16.81- per cent stake each, while Inpex of Japan has the remaining 7.56 per cent.
to authorise die Board of Directors to issue new shares and/or convertible debentures corresponding to in total not more dian 34,000,000 new shares, with or without the application of die shareholders
preemption rights, in order to enable die Company to make business acquisitions or other major investments; and to authorize die Board of Directors to decide 011 repurchases and sales by the Company of its shares on NASDAQ Stockholm, where die number of shares so repurchased shall be limited so tliat shares held in treasury from time to time do not exceed five per cent of all outstanding shares of the Company.
