Common use of Allocation of Offer Shares Clause in Contracts

Allocation of Offer Shares. (i) Each Shareholder that applies for Offer Shares in accordance with the provisions of clause 13.3(a) and the terms of the Offer Notice (a Subscribing Shareholder) shall be issued the number of Offer Shares calculated under this clause 13.3(b). (ii) If the total number of Offer Shares applied for by the Subscribing Shareholder(s) is equal to the total number of Offer Shares, the Company shall issue to each Subscribing Shareholder the number of Offer Shares that it applied for. (iii) If the total number of Offer Shares applied for by the Subscribing Shareholder(s) is more than the total number of Offer Shares, the Company shall issue all of the Offer Shares to the Subscribing Shareholder(s), so far as practicable, in proportion to the number of Shares then held by them but so that no Subscribing Shareholder shall be issued more Offer Shares than it applied for. (iv) A Shareholder that does not apply in writing for any Offer Shares within the Offer Period is not entitled to subscribe for any Offer Shares.

Allocation of Offer Shares. (ia) Each Shareholder that applies for Offer Shares in accordance with the provisions of clause 13.3(a) this agreement and the terms of the Offer Notice (a Subscribing Shareholder) shall will be issued the number of Offer Shares calculated under this clause 13.3(b)12.2. (iib) If the total number of Offer Shares applied for by the all Subscribing Shareholder(s) Shareholders is less than or equal to the total number of Offer Shares, the Company shall must issue to each Subscribing Shareholder the number of Offer Shares that it applied for. (iiic) If the total number of Offer Shares applied for by the all Subscribing Shareholder(s) Shareholders is more than the total number of Offer Shares, the Company shall must issue all of the Offer Shares to the Subscribing Shareholder(s)Shareholders, so far as practicable, in proportion to the number of Shares then held by them but so that no Subscribing Shareholder shall will be issued more Offer Shares than it applied for. (ivd) A Shareholder that does not apply in writing for any Offer Shares within the Offer Period is not entitled to subscribe for any Offer Shares.