Adjustment in the Exercise Price upon Issue of Bonus Shares. In each opportunity that the Company issues Bonus Shares in accordance with the provisions of paragraph “A)” above, the Warrants’ Exercise Price shall be reduced to the price that results from multiplying the Exercise Price in effect immediately before the issuance of the Bonus Shares, by the quotient that results from dividing: (i) the number of shares issued and outstanding immediately before the issue of the Bonus Shares, by (ii) the number of shares issued and outstanding after the issue of the Bonus Shares.
Appears in 4 contracts
Samples: Restated Agreement for Issue of Warrants on Common Shares (Pampa Energy Inc.), Restated Agreement for Issue of Warrants on Common Shares (Pampa Energy Inc.), Restated Agreement for Issue of Warrants on Common Shares (Pampa Energy Inc.)
