Minimum Public Float under Listing Rule Sample Clauses

Minimum Public Float under Listing Rule. 8.08(1): The Trustee-Manager and the Company undertake with the Hong Kong Underwriters that they shall use all commercially reasonable endeavours to ensure that each of the Directors and the directors and chief executives of each subsidiary of the Company and their respective associates (each a Connected Applicant) shall not make applications under the Hong Kong Public Offering and/or the Preferential Offering in respect of an aggregate number of Hong Kong Offer Share Stapled Units and/or Reserved Share Stapled Units which would cause the minimum percentage of Share Stapled Units which are required to be in “public hands” (as such phrase is construed in accordance with the Listing Rule 8.24) on the Listing Date at the commencement of dealings in the Share Stapled Units on the Hong Kong Stock Exchange to fall below the 25% threshold prescribed by Listing Rule 8.08(1) (excluding for the purposes of this Clause 3.11 any Share Stapled Units that may be sold pursuant to the exercise of Over-allotment Option) (the Minimum Public Float). The Trustee-Manager and the Company shall notify the Joint Global Coordinators in writing of information relating to applications made under the Hong Kong Public Offering and the Preferential Offering by Connected Applicants as soon as practicable following the closing of the application lists on the Acceptance Date and in any event within 24 hours thereafter. The Trustee-Manager and the Company shall forthwith notify the Joint Global Coordinators in writing if they become aware that the Minimum Public Float is or may be breached on the Listing Date.