Common use of Allocation of Offer Shares Clause in Contracts

Allocation of Offer Shares. Notification of allotment and payment instruction (the “Notification”) will be sent to the Applicant by the Company on or about 21.02.2023, subject to any shortenings or extensions of the Application Period. Allocation criteria: • Applicants are granted the same number of shares as subscribed, until all shares available are subscribed. • If oversubscribed, o all applicants will be granted the minimum order subscription. o further allocations are distributed pro rata. • Any other allocation issues will be handled by a committee consisting of the following Greenstat members: CEO, CFO and Chairman of the board. The Company may, at their sole discretion, set a maximum allocation to any Applicant as well as reject or reduce any application in whole or in part. The final allocation of Offer Shares will be resolved by the Board. Allotment of Offer Shares for a lower amount than applied for does not affect the Applicant’s obligation to subscribe and pay for the Offer Shares allotted.

Appears in 2 contracts

Samples: Application Agreement, Application Agreement

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Allocation of Offer Shares. Notification of allotment and payment instruction (the “Notification”) will be sent to the Applicant by the Company on or about 21.02.202301.09.2023, subject to any shortenings or extensions of the Application Period. Allocation criteria: • Minimum order subscription is 1000 shares. • Applicants are granted the same number of shares as subscribed, until all shares available are subscribed. • If oversubscribed, o all applicants will be granted the minimum order subscription. o further allocations are distributed pro rata. • Any other allocation issues will be handled by a committee consisting of the following Greenstat members: CEO, CFO and Chairman of the boardBoard. The Company may, at their sole discretion, set a maximum allocation to any Applicant as well as reject or reduce any application in whole or in part. The final allocation of Offer Shares will be resolved by the Board. Allotment of Offer Shares for a lower amount than applied for does not affect the Applicant’s obligation to subscribe and pay for the Offer Shares allotted.

Appears in 1 contract

Samples: Application Agreement

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Allocation of Offer Shares. Notification of allotment and payment instruction (the “Notification”) will be sent to the Applicant by the Company on or about 21.02.202331.03.2023, subject to any shortenings or extensions of the Application Period. Allocation criteria: • Applicants are granted the same number of shares as subscribed, until all shares available are subscribed. • If oversubscribed, o all applicants will be granted the minimum order subscription. o further allocations are distributed pro rata. • Any other allocation issues will be handled by a committee consisting of the following Greenstat members: CEO, CFO and Chairman of the board. The Company may, at their sole discretion, set a maximum allocation to any Applicant as well as reject or reduce any application in whole or in part. The final allocation of Offer Shares will be resolved by the Board. Allotment of Offer Shares for a lower amount than applied for does not affect the Applicant’s obligation to subscribe and pay for the Offer Shares allotted.

Appears in 1 contract

Samples: Application Agreement

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