The agreements provide for mechanism to liquidate ONGC Videshs outstanding dividends
from the Project while at the same time, ONGC Videsh needs to obtain long term financing for the capital investments for implementing the Remediation Plan of the Project.
Overall, foreign companies have an estimated $16 billion in outstanding dividends
listed on their balance sheets that they have not been able to return to headquarters, according to Caracas-based research firm Ecoanalitica.
The Company paid $7.6 million for the 7,000 shares, resulting in a discount of approximately 7% on the face value of the preferred shares, plus related outstanding dividends
The company paid USD7.6m for the 7,000 shares, resulting in a discount of approximately 7% on the face value of the preferred shares, plus related outstanding dividends
Should Harvey Nash fail to exercise the option, the vendors have an option to buy back the stake sold to the UK company for the price paid for it, plus outstanding dividends
. They could exercise this option for 30 days starting 3 April 2013.
We did, so we asked them to tell us precisely which planned or instituted initiatives they believe will pay outstanding dividends
The convenience food category has shown a slow, steady advance in sales, she notes, while the chain's one-hour photo labs have paid outstanding dividends
. "We brought in some people with prior experience in one-hour labs and that's definitely helped," she adds.
This financing was expected to close on Thursday and reportedly consists of approximately USD4.7m of new investment and the exchange of approximately USD5.3m of outstanding dividends