DETAILS OF THE PROPOSED PRIVATE PLACEMENT Sample Clauses

DETAILS OF THE PROPOSED PRIVATE PLACEMENT. As at the LPD, the total number of issued shares in Denko is 104,468,851 Denko Shares. Accordingly, the Proposed Private Placement involves the issuance of up to 10,446,885 new Denko Shares (“Placement Shares”), representing up to 10% of the existing total number of issued shares of the Company, at an issue price to be determined and announced later. The Company intends to undertake the Proposed Private Placement under the existing shareholders’ mandate obtained at the last annual general meeting (“AGM”) held on 23 August 2017, under Sections 75 and 76 of the Act (“General Mandate”) to issue Denko Shares of up to 10% of the existing total number of issued shares of the Company. The current General Mandate which is valid until the next AGM authorises the Board to allot and issue Denko Shares at any time upon such terms and conditions and for such purposes as the Board may, in its absolute discretion, deem fit provided that the aggregate number of Denko Shares to be issued pursuant to the General Mandate does not exceed 10% of the total number of issued shares of the Company.
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Related to DETAILS OF THE PROPOSED PRIVATE PLACEMENT

  • Private Placement Assuming the accuracy of the Purchasers’ representations and warranties set forth in Section 3.2, no registration under the Securities Act is required for the offer and sale of the Securities by the Company to the Purchasers as contemplated hereby. The issuance and sale of the Securities hereunder does not contravene the rules and regulations of the Trading Market.

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  • If there is a permitted secondary offering (1) If the Issuer is an emerging issuer and you have sold in a permitted secondary offering 10% or more of your escrow securities, your escrow securities will be released as follows: For delivery to complete the IPO All escrow securities sold by you in the permitted secondary offering 6 months after the listing date 1/6 of your remaining escrow securities 12 months after the listing date 1/5 of your remaining escrow securities 18 months after the listing date 1/4 of your remaining escrow securities 24 months after the listing date 1/3 of your remaining escrow securities 30 months after the listing date 1/2 of your remaining escrow securities 36 months after the listing date your remaining escrow securities *In the simplest case, where there are no changes to the remaining escrow securities upon completion of the permitted secondary offering and no additional escrow securities, the release schedule outlined above results in the remaining escrow securities being released in equal tranches of 16 2/3%.

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