No Shareholder Approval. It is acknowledged that approval by the Company’s stockholders will not be required under AMEX Rules 712 and 713 because the number of shares of Common Stock of the Company to be issued is less than 20% of the Company’s actually issued and outstanding shares of Common Stock (prior to the investment represented by this Subscription Agreement).
Appears in 5 contracts
Samples: Assignment of Subscription Rights (Playford Gilbert E), Subscription Agreement (Playford Gilbert E), Warrant Subscription Agreement (Symmetry Holdings Inc)