Common use of Issue of Additional Shares Clause in Contracts

Issue of Additional Shares. Subject to the provisions of this Agreement, any allotment of Shares shall be made so that at all times the percentage of the ordinary share capital of the Company held by each Shareholder shall remain the same as that immediately prior to such allotment and so that such new Shares shall be of the same class as that held by the allotee at the time of any allotment.

Appears in 3 contracts

Samples: Agreement for Sale of Shares, Management Agreement, Sale of Shares Agreement

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Issue of Additional Shares. Subject to the provisions of this Agreement, any allotment of Shares shall be made so that at all times the percentage of the ordinary share capital of the Company held by each Shareholder shall remain the same as that immediately prior to such allotment and so that such new Shares shall be of the same class as that held by 18 the allotee at the time of any allotment.

Appears in 1 contract

Samples: Agreement for Sale of Shares

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