Common use of Modification of Rights of Conversion etc Clause in Contracts

Modification of Rights of Conversion etc. If and whenever there will be any modification of the rights of conversion, exchange or subscription attaching to any such securities as are mentioned in Section 4.1.7 (other than in accordance with the terms of such securities) so that the consideration per Share (for the number of Shares available on conversion, exchange or subscription following the modification) is less than the Current Market Price on the date of announcement of the proposals for such modification, each of the Conversion Share Price and the Floor Share Price will be adjusted by multiplying each of the Conversion Share Price and the Floor Price in force immediately before such modification by the following fraction: where: A is the number of Shares in issue immediately before such modification; B is the number of Shares which the aggregate consideration (if any) receivable by the Company for the Shares to be issued, or otherwise made available, on conversion or exchange or on exercise of the right of subscription attached to the securities, so modified, would purchase at such Current Market Price per Share or, if lower, the existing conversion, exchange or subscription price of such securities; and C is the maximum number of Shares to be issued, or otherwise made available, on conversion or exchange of such securities or on the exercise of such rights of subscription attached thereto at the modified conversion, exchange or subscription price or rate but giving credit in such manner as an Independent Investment Bank consider appropriate (if at all) for any previous adjustment under this Section 4.1.8 or Section 4.1.7. Such adjustment will become effective on the date of modification of the rights of conversion, exchange or subscription attaching to such securities.

Modification of Rights of Conversion etc. If and whenever there will be is any modification of the rights of conversion, exchange exchange, subscription, purchase or subscription acquisition attaching to any such securities as are mentioned in Section 4.1.7 (7) above (other than in accordance with the existing terms of applicable to such securities) so that the consideration per Share (for the number of Shares available on conversion, exchange or subscription following the modification) is less than 80.1% of the Current Market Price on the last Trading Day preceding the date of announcement of the proposals for such modification, each of the Conversion Share Price and the Floor Share Price will shall be adjusted by multiplying each of the Conversion Share Price and the Floor Price in force immediately before such modification by the following fraction: A + B A +C where: A is the number of Shares in issue immediately before such modificationmodification (but where the relevant securities carry rights of conversion into, or rights of exchange or subscription for, or purchase or acquisition of, Shares which have been issued by the Issuer for the purposes of, or in connection with, such issue, less the number of Shares so issued); B is the number of Shares which the aggregate consideration (if any) receivable by the Company Issuer for the Shares to be issued, or otherwise made available, on conversion or exchange or on exercise of the right of subscription subscription, purchase or acquisition attached to the securities, securities so modified, modified would purchase at (a) such Current Market Price per Share or, if lower, or (b) the existing conversion, exchange exchange, subscription or subscription purchase price of such securitiessecurities if such price is lower than the Current Market Price per Share; and C is the maximum number of Shares to be issued, or otherwise made available, on conversion or exchange of such securities or on the exercise of such rights of subscription subscription, purchase or acquisition attached thereto at the modified conversion, exchange exchange, subscription or subscription purchase price or rate but giving credit in such manner as an Independent Investment Bank consider Approved Financial Adviser (acting as an expert), considers appropriate (if at all) for any previous adjustment under this Section 4.1.8 (8) or Section 4.1.7(7) above. Such adjustment will shall become effective on the date of modification of the rights of conversion, exchange exchange, subscription, purchase or subscription acquisition attaching to such securities.

Modification of Rights of Conversion etc. If and whenever there will shall be any modification of the rights of conversion, exchange or subscription attaching to any such securities as are mentioned in Section 4.1.7 Condition 7.7 (Other Issues at less than Current Market Price) (other than in accordance with the terms of such securities) so that the consideration per Share (for the number of Shares available on conversion, exchange or subscription following the modification) is reduced and is less than 85 per cent. of the Current Market Price on the date of announcement of the proposals for such modification, each of the Conversion Share Price and the Floor Share Price will shall be adjusted by multiplying each of the Conversion Share Price and the Floor Price in force immediately before such modification by the following fraction: wherefraction:‌ A+B A+C Where: A = is the number of Shares in issue immediately before such modification; B = is the number of Shares which the aggregate consideration (if any) receivable by the Company Issuer for the Shares to be issued, or otherwise made available, issued on conversion or exchange or on exercise of the right of subscription attached to the securities, securities so modified, modified would purchase at such Current Market Price per Share or, if lower, the existing conversion, exchange or subscription price of such securities; and C = is the maximum number of Shares to be issued, or otherwise made available, issued on conversion or exchange of such securities or on the exercise of such rights of subscription attached thereto at the modified conversion, exchange or subscription price or rate but giving credit in such manner as an Independent Investment Bank consider appropriate (if at all) for any previous adjustment under this Section 4.1.8 or Section 4.1.7. Such adjustment will become effective on the date of modification of the rights of conversion, exchange or subscription attaching to such securities.giving

Modification of Rights of Conversion etc. If and whenever there will shall be any modification of the rights of conversion, exchange or subscription attaching to any such securities as are mentioned in Section 4.1.7 Condition 6(C)(7) (other than in accordance with the terms of such securities) so that the consideration per Share (for the number of Shares available on conversion, exchange or subscription following the modification) is less than is less than the Current Market Price on the last Trading Day preceding the date of announcement of the proposals for such modification, each of the Conversion Share Price and the Floor Share Price will shall be adjusted by multiplying each of the Conversion Share Price and the Floor Price in force immediately before such modification by the following fraction: whereWhere: A is the number of Shares in issue immediately before such modification; B is the number of Shares which the aggregate consideration (if any) receivable by the Company for the Shares to be issued, or otherwise made available, issued on conversion or exchange or on exercise of the right of subscription attached to the securities, securities so modified, modified would purchase at such Current Market Price per Share or, if lower, the existing conversion, exchange or subscription price of such securities; and C is the maximum number of Shares to be issued, or otherwise made available, issued on conversion or exchange of such securities or on the exercise of such rights of subscription attached thereto at the modified conversion, exchange or subscription price or rate but giving credit in such manner as an Independent Investment Bank Bank, consider appropriate (if at all) for any previous adjustment under this Section 4.1.8 Condition 6(C)(8) or Section 4.1.7Condition 6(C)(7). Such adjustment will shall become effective on the date of modification of the rights of conversion, exchange or subscription attaching to such securities.

Modification of Rights of Conversion etc. If and whenever there will be any modification of the rights of conversion, exchange or subscription attaching to any such securities as are mentioned in Section 4.1.7 (other than in accordance with the terms of such securitiesvii) above so that the consideration per Share (for the number of Shares available on conversion, exchange or subscription following the modification) has been reduced and is less than 95% of the Current Market Price on the date of the announcement of the proposals for such modification, each of the Conversion Share Rejection Price and the Floor Share Price will shall be adjusted by multiplying each of the Conversion Share Price and the Floor Rejection Price in force immediately before such modification by the following fraction: A + B A + C where: A is the number of Shares in issue immediately before such modification; B is the number of Shares which the aggregate consideration (if any) receivable by the Company for the Shares to be issued, or otherwise made available, issued on conversion or exchange or on exercise of the right of subscription attached to the securities, securities so modified, modified would purchase at such Current Market Price per Share or, if lower, the existing conversion, exchange or subscription price of such securities; and C is the maximum number of Shares to be issued, or otherwise made available, issued on conversion or exchange of such securities or on the exercise of such rights of subscription attached thereto at the modified conversion, exchange or subscription price or rate but giving credit in such manner as an Independent Investment Bank the Calculation Agent consider appropriate (if at all) for any previous adjustment under this Section 4.1.8 (viii) or Section 4.1.7the above (vii). Such adjustment will shall become effective on the date of modification of the rights of conversion, exchange or subscription attaching to such securitiessecurities or if a record date is set, the day on which the Shares are traded ex- entitlement on the Relevant Stock Exchange.

Modification of Rights of Conversion etc. If and whenever there will shall be any modification of the rights of conversion, exchange or subscription attaching to any such securities as are mentioned in Section 4.1.7 Condition 6(C) (7) (other than in accordance with the terms applicable on issue of such securities) so that the consideration per Share (for the number of Shares available on conversion, exchange or subscription following the modification) is reduced and is less than 95 per cent. of the Current Market Price on the date of announcement of the proposals for such modification, each of the Conversion Share Price and the Floor Share Price will shall be adjusted by multiplying each of the Conversion Share Price and the Floor Price in force immediately before such modification by the following fraction: whereWhere: A is the number of Shares in issue immediately before such modification; B is the number of Shares which the aggregate consideration (if any) receivable by the Company for the Shares to be issued, or otherwise made available, issued on conversion or exchange or on exercise of the right of subscription attached to the securities, securities so modified, modified would purchase at such Current Market Price per Share or, if lower, the existing conversion, exchange or subscription price of such securities; and C is the maximum number of Shares to be issued, or otherwise made available, issued on conversion or exchange of such securities or on the exercise of such rights of subscription attached thereto at the modified conversion, exchange or subscription price or rate but giving credit in such manner as an Independent Investment Bank consider appropriate (if at all) for any previous adjustment under this Section 4.1.8 Condition 6(C) (7) or Section 4.1.7Condition 6(C) (8). Such adjustment will shall become effective on the date of modification of the rights of conversion, exchange or subscription attaching to such securities.