What does Loan Note Alternative mean? A loan note alternative is an option in a public takeover allowing offeree shareholders to receive loan notes (also called loan stock) issued by the offeror instead of, or alongside, cash consideration. It can be used in both a contractual offer and a scheme of arrangement. The expression is a market term rather than a statutory definition, but its use and disclosure are regulated under the UK Takeover Code (Panel on Takeovers and Mergers) and the Irish Takeover Rules (Irish Takeover Panel). The offer document or scheme circular must describe the loan notes’ key terms (interest, maturity, ranking,...
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This Loan Note Instrument is entered into on [ insert day and month ] 20[ insert year ] by 1 [ insert name of offeror ], a company incorporated in England and Wales under number [ insert company number ], whose Registered office is at [ insert address ] (the Company).
(A) To support a takeover offer for [ offeree PLC ] (the Offeree), the Company invited shareholders of the Offeree to elect to receive Loan Notes issued by the Company as an alternative to receiving [ cash AND/OR [ and ] new Company Shares ] as consideration for the disposal of their shares in the Offeree to the Company (the Loan Note Alternative).
(B) The terms of the offer are set out in [ an offer document OR a scheme document ] issued by the Company on [ date ] 20[ year ] (the [ Offer OR Scheme ] Document), which includes, inter alia, a summary of the principal terms of the loan notes proposed to be issued under the Loan Note Alternative...
When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...
This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...
Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...
I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...