Sentences with phrase «ownership threshold»

While individual asset managers may have had the requisite experience, ownership of firms by minorities and women was more recent, so they didn't meet the institutional ownership threshold.

This is a stark departure from the US$ 2,000 ownership threshold for submitting a non-binding shareholder resolution.

It's unclear if Icahn continued his selloff after February 22: That transaction dropped him below the 5 percent ownership threshold, above which, owners are required to disclose transactions.

TD Bank (along with the Royal Bank of Canada, which saw a similar proposal receive approximately 43 % support) were quick to point out that the proposed standards were incompatible with the existing proxy access rights provided under the Canadian Bank Act («Bank Act»), which stipulates that the minimum ownership threshold required to utilize proxy access at any firm is 5 % of the total shares outstanding.

The shareholder proponent cites, among other things, the impracticality of achieving the required 3 % ownership threshold for shareholder nominations under the current grouping provisions.

In determining to utilize a 15 % ownership threshold, the Board considered, among other things, investor feedback, peer practices and the Company's market capitalization.

Similar to what happened at The AES Corporation, shareholders at CF Industries and Skyworks each sought to set the ownership threshold for calling a special meeting at 10 % of share capital.

Last year, Berkshire pared its stake in Wells Fargo to remain below this 10 % ownership threshold.

Consider two options open to Quicksilver to drop below the 20 % ownership threshold: selling a third of its holdings (10 % of the company) to the second largest stakeholder, Baupost, or selling it to small shareholders on the open market.