Basis for determining the Cancellation Price Sample Clauses

Basis for determining the Cancellation Price. The Cancellation Price has been determined on a commercial basis after taking into account, among other things, the challenging operating environment facing the Group, the significant investment required to reinvigorate the financial performance of the Group, financial performance of the Group, recent and historic traded prices of the Shares, and with reference to other privatisation transactions in Hong Kong in recent years. Dividend payment by the Company As at the date of this announcement, the Company has not declared any dividend which remains unpaid. The Company does not intend to declare and/or pay any dividend before the Effective Date or the date on which the Scheme is not approved, or the Proposal otherwise lapses (as the case may be). Events following the Scheme becoming effective On the basis of the number of Scheme Shares in issue as at the date of this announcement, if the Conditions are fulfilled and upon the Scheme becoming effective:
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Basis for determining the Cancellation Price. The Cancellation Price of HK$2.82 for each Scheme Share has been determined on a commercial basis after taking into account, among other things, the recent and historic trading prices of the Shares, publicly available financial information of the Group and the other privatisation transactions in Hong Kong in recent years. The Offeror will not increase the Cancellation Price and does not reserve the right to do so. Shareholders and potential investors should be aware that, following the making of such statement, the Offeror will not be allowed to increase the Cancellation Price. Dividend payment by the Company As at the date of this announcement, the Company has not declared any dividend which remains unpaid. The Company does not intend to declare and/or pay any dividend before the Effective Date or the date on which the Scheme is not approved or the Proposal otherwise lapses (as the case may be). However, if: (a) after the date of this announcement, any dividend, distribution and/or return of capital is announced, declared, made and/or paid in respect of the Shares; and (b) the record date to be announced by the Board for determining the entitlement of such dividend, distribution and/or return of capital (as the case may be) falls on a day which is on or before the Effective Date, the Cancellation Price will be reduced by an amount equal to such dividend, distribution and/or return of capital and, unless otherwise specified or the context otherwise requires, any reference in this announcement, the Scheme Document or any other announcement in relation to the Scheme to the Cancellation Price will be deemed to be a reference to the Cancellation Price as so reduced. Events following the Scheme becoming effective If the Conditions are fulfilled and upon the Scheme becoming effective:
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Basis for determining the Cancellation Price. The Cancellation Price was determined with reference to the price for the 25% Yashili Acquisition after taking into account the potential benefits of the Privatization Proposal for the Mengniu Shareholders and Yashili Shareholders and other privatization transactions in Hong Kong in recent years.
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