Rights Issues Clause Samples
Rights Issues. If the Company issues to all or substantially all holders of the Common Stock any rights, options or warrants entitling them, for a period of not more than 45 calendar days after the announcement date of such issuance, to subscribe for or purchase shares of the Common Stock at a price per share that is less than the arithmetic average of the Last Reported Sale Prices of the Common Stock on each Trading Day comprised in the period of 10 consecutive Trading Days immediately preceding the date of announcement of such issuance, the Warrant Exercise Rate shall be increased based on the following formula: where: WER1 = the Warrant Exercise Rate in effect at the open of business on the Ex-Date for such issuance; WER0 = the Warrant Exercise Rate in effect immediately prior to the open of business on the Ex-Date for such issuance; OS0 = the number of shares of Common Stock outstanding immediately prior to the open of business on the Ex-Date for such issuance; X = the total number of shares of Common Stock issuable pursuant to such rights, options or warrants; and Y = the number of shares of Common Stock equal to the aggregate price payable to exercise such rights, options or warrants, divided by the arithmetic average of the Last Reported Sale Prices of the Common Stock on each Trading Day comprised in the period of 10 consecutive Trading Days immediately preceding the date of announcement of the issuance of such rights, options or warrants. Any adjustment to the Warrant Exercise Rate made under this clause (b) shall be made whenever any such rights, options or warrants are issued and shall become effective at the open of business on the Ex-Date for such issuance. To the extent that shares of the Common Stock are not delivered after the expiration of such rights, options or warrants, the Warrant Exercise Rate shall be decreased to the Warrant Exercise Rate that would then be in effect had the increase with respect to the issuance of such rights, options or warrants been made on the basis of delivery of only the number of shares of Common Stock actually delivered. If an adjustment to the Warrant Exercise Rate is made in respect of any such issuance of rights, options or warrants but such rights, options or warrants are not so issued, the Warrant Exercise Rate shall be readjusted, effective as of the date the Board of Directors determines not to issue such rights, options or warrants, to the Warrant Exercise Rate that would then be in effect at such time had no such ...
Rights Issues. If further Relevant Securities, or options, warrants or rights to subscribe or purchase further Relevant Securities (or any of them) or other Securities, shall be offered by way of rights to holders of Relevant Securities (or any of them) or other Securities comprising Exchange Property (a “Rights Issue”), then the Issuer may, at its option, and by notice in writing to the Trustee not later than the seventh day prior to the latest day for accepting or taking up any such rights, either:
(i) on an arm’s length basis in good faith, procure the sale of sufficient rights to enable the whole of the balance of such rights to be taken up and procure the application of the net proceeds of sale (after deduction of the amounts referred to below) in the taking up of such rights, with the property acquired upon such exercise of rights and any excess proceeds of sale being added to and forming part of the Exchange Property; or
(ii) add to the Exchange Property such number of shares of Relevant Securities or other Securities as would have been subscribed or purchased if sufficient rights had been sold on an arm’s length basis in good faith to enable the whole of the balance of such rights to be so taken up together with an amount equal to what would have been any such excess proceeds of sale as aforesaid; or
(iii) if such rights may not be so sold, the Issuer may use any part of the Exchange Property comprising cash to take up such rights and/or on an arm’s length basis in good faith, procure the sale of sufficient Relevant Securities to enable (after deduction of the amounts referred to below) the whole of the balance of such rights to be taken up, with, in any such case any excess proceeds of sale being added to and forming part of the Exchange Property. The Issuer undertakes to take such action as the Trustee may in its absolute discretion require to ensure that the provisions of this Condition 7(F) are complied with. The timing of any sale of any relevant rights or Exchange Property (as the case may be) shall be at the Issuer’s discretion and the Issuer shall not be liable to Bondholders for any loss incurred as a result of such transactions provided that the Issuer executes such sale at the best price reasonably obtainable in the market by the Issuer. There shall be deducted from the proceeds of sale of the relevant rights or Exchange Property (as the case may be) an amount equal to any stamp, transfer, registration or similar duties actually payable by the Issuer o...
Rights Issues. If the Company issues to all or substantially all holders of the Common Stock any rights, options or warrants entitling them, for a period of not more than 45 calendar days after the announcement date of such issuance, to subscribe for or purchase shares of the Common Stock at a price per share that is less than the arithmetic average of the Last Reported Sale Prices of the Common Stock on each Trading Day comprised in the period of 10 consecutive Trading Days immediately preceding the date of announcement of such issuance, the Warrant Exercise Rate shall be increased based on the following formula: where: WER1 = the Warrant Exercise Rate in effect at the open of business on the Ex-Date for such issuance; WER0 = the Warrant Exercise Rate in effect immediately prior to the open of business on the Ex-Date for such issuance; OS0 = the number of shares of Common Stock outstanding immediately prior to the open of business on the Ex-Date for such issuance;
Rights Issues. If prior to an exercise of an Option, but after the issue of the Option, any offer or invitation is made by the Company to at least all the holders of Shares resident in Australia for the subscription for cash with respect to Shares, options or other securities of the Company on a pro rata basis relative to those holders’ shareholding at the time of the offer, the Options Exercise Price will be reduced as specified in the Listing Rules in relation to pro-rata issues (except bonus issues).
Rights Issues. 11.1 Any shares or securities allotted under Clause 12 of the Deed shall be treated as Plan Shares identical to the shares in respect of which the rights were conferred. They shall be treated as if they were awarded to or acquired on behalf of the Participant under the Plan in the same way and at the same time as those Plan Shares in respect of which they are allotted.
11.2 Rule 11.1 does not apply:
(a) to shares and securities allotted as the result of taking up a rights issue where the funds to exercise those rights were obtained otherwise than by virtue of the Trustees disposing of rights in accordance with this Rule; or
(b) where the rights to a share issue attributed to Plan Shares are different from the rights attributed to other ordinary shares of the Company.
Rights Issues. References to offers by way of rights include offers which are subject to such exclusions or other arrangements as the Board of RTL or the Board of RTP, as the case may be, may deem necessary or expedient in relation to fractional entitlements or legal or practical problems under the laws of, or the requirements of any recognised regulatory body or any stock exchange in, any territory.
Rights Issues. Whenever an issuer makes an invitation or offer for the subscription of additional CDP Securities by way of rights (“Rights”), DBS ▇▇▇▇▇▇▇ shall:-
Rights Issues. If the Client holds share positions on the last date to trade as specified by the issuer of such shares, the Client may receive an offer to acquire shares or other Securities in respect of the issuer (“the Rights Offer”). The Rights Offer may be renounceable or non-renounceable. The Client shall provide Velocity Trade with a written instruction as to the Rights Offer within the time period specified by Velocity Trade. If the Rights Offer is non- renounceable, the Client shall be entitled to accept or reject the Rights Offer. If the Rights Offer is renounceable, the Client shall be entitled to accept or reject the Rights Offer or sell the Rights Offer to a third party. If the Client fails to respond to a non-renounceable Rights Offer within the period specified by Velocity Trade, the Rights Offer may lapse and have no further force and effect. If the Client fails to response to a renounceable Rights Offer within the time period specified by Velocity Trade, Velocity Trade shall be entitled, but not obliged, to sell the Rights Offer to any third party for the account of the Client. The proceeds from the sale of the Rights Offer will be for the account of the Client less the fees payable to Velocity Trade in terms of this Agreement.
Rights Issues. 13 11 CAPITALISATION ISSUES............................................................14 12 RECONSTRUCTIONS AND TAKE-OVERS...................................................15 13 ENTITLEMENTS.....................................................................15 14 INFORMATION AND ACCOUNTING FOR INCOME TAX........................................16 15 TRUSTEES' POWERS OF DELEGATION...................................................16 16 ADMINISTRATION...................................................................17 17 PROVISIONS RELATING TO THE TRUSTEES..............................................18 18 APPOINTMENT REMOVAL AND RETIREMENT OF TRUSTEES...................................20 19 RESIDENCE AND NUMBER OF TRUSTEES.................................................20 20 ALTERATIONS......................................................................21 21 TERMINATION......................................................................21 22 GENERAL..........................................................................21 SCHEDULE ONE 1 DEFINITIONS......................................................................23 PART ONE - FREE SHARES 2 APPROPRIATION OF FREE SHARES.....................................................36 3 TRANSFER OF FREE SHARES..........................................................40 4 CESSATION OF EMPLOYMENT AND WITHDRAWAL OF FREE SHARES FROM THE PLAN..............40 PART TWO - PARTNERSHIP SHARES 5 INVITATIONS TO ACQUIRE PARTNERSHIP SHARES........................................43 6 ACQUISITION OF PARTNERSHIP SHARES................................................46 7 TRANSFER OF PARTNERSHIP SHARES...................................................48 8 CESSATION OF EMPLOYMENT..........................................................49 PART THREE - MATCHING SHARES 9 APPROPRIATION OF MATCHING SHARES.................................................51 10 TRANSFER OF MATCHING SHARES......................................................52 11 CESSATION OF EMPLOYMENT AND WITHDRAWAL OF MATCHING SHARES FROM THE PLAN..........53 PART FOUR - DIVIDEND SHARES 12 REINVESTMENT OF DIVIDENDS........................................................56 13 TRANSFER OF DIVIDEND SHARES......................................................57 14 CESSATION OF EMPLOYMENT..........................................................58 PART FIVE - GENERAL 15 ACQUISITION OF SHARES FOR APPROPRIATION.........................................60 16 ISSUE OF SHA...
Rights Issues. If the User holds Eligible Asset positions on the last date to trade as specified by the issuer of such shares, the User may receive an offer to acquire Eligible Assets or other Securities in respect of the issuer (“the Rights Offer”). The Rights Offer may be renounceable or non-renounceable. The User shall provide MERJ with a written instruction as to the Rights Offer within the time period specified by MERJ. If the Rights Offer is non-renounceable, the User shall be entitled to accept or reject the Rights Offer. If the Rights Offer is renounceable, the User shall be entitled to accept or reject the Rights Offer or sell the Rights Offer to a third party. If the User fails to respond to a non-renounceable Rights Offer within the period specified by MERJ, the Rights Offer may lapse and have no further force and effect. If the User fails to respond to a renounceable Rights Offer within the time period specified by MERJ, MERJ shall be entitled, but not obliged, to sell the Rights Offer to any third party for the account of the User. The proceeds from the sale of the Rights Offer will be for the account of the User less the fees payable to MERJ in terms of this Agreement.