In our analysis, we consider that
pro-rata structures give senior noteholders less protection than sequential structures, all else being equal.
Against the
pro-rata requirement till December 23 of 2.00 LMT, 2.57 LMT has already been supplied, as a result of which the availability as on date is 2.60 LMT, including the opening stock of 0.03 LMT, and corresponding sales are 2.31 LMT," further added the government in the statement.
It stressed the need to rethink the
pro-rata Bahrainisation, citing certain jobs which do not suit Bahrainis' qualifications.
Yesterday Norilsk Nickel (GMKN RX - Hold) announced the
pro-rata ratio for its buyback offer.
However, profits dropped from a
pro-rata figure of pounds 2.5m in 2010, to pounds 1.4m for the year.
The 1 for 4
pro-rata non-renounceable rights issue will raise approximately A$7.8 million (before costs) through the issue of up to 52,079,090 new fully paid ordinary shares (New Shares) (subject to the rounding up of entitlements and the issue of any further Shares pursuant to the exercise of any options prior to the Record Date).
Part-time staff get paid on a
pro-rata basis and Bank Holiday pay is worked out on a
pro-rata basis too.
During the fourth quarter, the company also recorded a nonrecurring 5-cents-a-share reduction in earnings to recognize the company's
pro-rata portion of Visa Inc.'s litigation liabilities.
The existing statutory paid holiday entitlement is four weeks (20 days for those working a five-day week) and
pro-rata for people who work part-time.
Skier Guard reimburses passholders on a
pro-rata basis for the value of an unused season ski pass.