WebExchangeable Shares means the non-voting exchangeable shares in the capital of Exchangeco, having substantially the rights, privileges, restrictions and conditions set out in the Exchangeable Share Provisions. Class A LP Units means the Class A limited partnership units of the Partnership. An exchangeable security is an asset that can be traded at a future date for a specified number of shares of common stock or, in some cases, its cash equivalent. The asset is usually a debt security. Importantly, it grants its holder the right to trade it for shares of the common stock of a company … See more The right to trade an exchangeable security is triggered by a specified future event or date. The security may be structured to be … See more Exchangeable securities are sometimes issued by corporations that are involved in a takeover. The acquiring company may wish to purchase the target company but may need additional funds to complete the transaction. In this … See more For example, assume an exchangeable security is issued for a stock that is currently trading at $100 per share. The payout formula will … See more

Convertibles: Definition, Types, and How They Work - Investopedia

WebShares or Rights-Bearing Obligations shall be issued to any of the persons referred to in Article 6 para 1(b) of these Articles of Association in accordance with one or more benefit or incentive plans of the Company. Shares may be issued to any of the persons referred to in Article 6 para 1(b) of these Articles of WebExchangeable bond (or XB) is a type of hybrid security consisting of a straight bond and an embedded option to exchange the bond for the stock of a company other than the issuer (usually a subsidiary or company in which the issuer owns a stake) at some future date and under prescribed conditions. An exchangeable bond is different from a convertible … intacstm certified provisional assessor

Exchangeable bond - Wikipedia

WebDefinition and meaning share is a single unit of ownership in a company or financial asset. It is essentially an exchangeable piece of value of a company which can fluctuate up or down, depending on several different … Webdefinition, the term “control” (including the correlative terms “controlling,” “controlled by” and “under common control with”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. WebExchangeable share structures are often used in acquisitions which involve private equity buyers, where there is a commercial desire to provide rollover equity in a … intacs recovery