Common use of Rights Issues of Shares or Options over Shares Clause in Contracts

Rights Issues of Shares or Options over Shares. If and whenever the Issuer shall issue Shares to all or substantially all Shareholders as a class by way of rights, or issue or grant to all or substantially all Shareholders as a class, by way of rights, of options, warrants or other rights to subscribe for or purchase any Shares, in each case at less than 95% of the Current Market Price per Share on the last Trading Day preceding the date of the announcement of the terms of such issue or grant, the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately before such issue or grant by the following fraction: A + B where: A is the number of Shares in issue immediately before such announcement; B is the number of Shares which the aggregate amount (if any) payable for the Shares issued by way of rights or for the options or warrants or other rights issued or granted by way of rights and for the total number of Shares comprised therein would purchase at such Current Market Price per Share; and C is the aggregate number of Shares issued or, as the case may be, comprised in the issue or grant. Such adjustment shall become effective on the date of issue of such Shares or issue or grant of such options, warrants or other rights (as the case may be) or where a record date is set, the first date on which the Shares are traded ex-rights, ex-options or ex-warrants (as the case may be).

Rights Issues of Shares or Options over Shares. If and whenever the Issuer Company shall issue Shares to all or substantially all Shareholders as a class by way of rights, or issue or grant to all or substantially all Shareholders as a class, class by way of rights, of options, warrants or other rights to subscribe for for, purchase or purchase otherwise acquire any Shares, in each case at less than 95% of the Current Market Price per Share on the last Trading Day preceding the date of the announcement of the terms of such the issue or grant, the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately before such issue or grant by the following fraction: A + B whereWhere: A is the number of Shares in issue immediately before such announcement; B is the number of Shares which the aggregate amount (if any) payable for the Shares issued by way of rights or for the options or warrants or other rights issued or granted by way of rights and for the total number of Shares comprised therein would subscribe for, purchase or otherwise acquire at such Current Market Price per Share; and C is the aggregate number of Shares issued or, as the case may be, comprised in the issue or grant. Such adjustment shall become effective on the date of issue of such Shares or issue or grant of such options, warrants or other rights (as the case may be) or where a record date is set, the first date on which the Shares are traded ex-rights, ex-options or ex-warrants (warrants, as the case may be).

Rights Issues of Shares or Options over Shares. If and whenever the Issuer shall issue Shares to all or substantially all Shareholders as a class by way of rights, or issue or grant to all or substantially all Shareholders as a class, class by way of rights, of options, warrants or other rights to subscribe for subscribe, purchase or purchase otherwise acquire any Shares, in each case at less than 95% of the Current Market Price per Share on the last Trading Day preceding the date of the first public announcement of the terms of such the issue or grant, the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately before such issue or grant by the following fraction: A + B where: A is the aggregate number of Shares in issue immediately before such announcement; B is the number of Shares which the aggregate amount (if any) payable consideration receivable for the Shares issued by way of rights or for the options or warrants or other rights issued or granted by way of rights and for the total number of Shares comprised therein would subscribe for, purchase or otherwise acquire at such Current Market Price per Share; and C is the aggregate number of Shares issued or, as the case may be, comprised in the issue or grant. Such adjustment shall become effective on the date of issue of such Shares or issue or grant of such options, warrants or other rights (as the case may be) or where a record date is set, the first date on which the Shares are traded ex-rights, ex-options or ex-warrants (as the case may be).

Rights Issues of Shares or Options over Shares. If and whenever the Issuer Company shall issue Shares to all or substantially all Shareholders as a class by way of rights, or issue or grant to all or substantially all Shareholders as a class, class by way of rights, of options, warrants or other rights to subscribe for for, purchase or purchase otherwise acquire any Shares, in each case at less than 95% 95 per cent. of the Current Market Price per Share on the last Trading Day preceding the date of the announcement of the terms of such the issue or grant, the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately before such issue or grant by the following fraction: A + B whereWhere: A is the number of Shares in issue immediately before such announcement; B is the number of Shares which the aggregate amount (if any) payable for the Shares issued by way of rights or for the options or warrants or other rights issued or granted by way of rights and for the total number of Shares comprised therein would subscribe for, purchase or otherwise acquire at such Current Market Price per Share; and C is the aggregate number of Shares issued or, as the case may be, comprised in the issue or grant. Such adjustment shall become effective on the date of issue of such Shares or issue or grant of such options, warrants or other rights (as the case may be) or where a record date is set, the first date on which the Shares are traded ex-ex- rights, ex-options or ex-warrants (warrants, as the case may be).

Rights Issues of Shares or Options over Shares. If and whenever the Issuer shall issue Shares to all or substantially all Shareholders as a class by way of rights, or issue or grant to all or substantially all Shareholders as a class, by way of rights, of options, warrants or other rights to subscribe for or purchase any Shares, in each case at less than 9580.1% of the Current Market Price per Share on the last Trading Day preceding the date of the announcement of the terms of such issue or grant, the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately before such issue or grant by the following fraction: A + B A +C where: A is the number of Shares in issue immediately before such announcement; B is the number of Shares which the aggregate amount (if any) payable for the Shares issued by way of rights or for the options or warrants or other rights issued or granted by way of rights and for the total number of Shares comprised therein would purchase at such Current Market Price per Share; and C is the aggregate number of Shares issued or, as the case may be, comprised in the issue or grant. Such adjustment shall become effective on the date of issue of such Shares or issue or grant of such options, warrants or other rights (as the case may be) or where a record date is set, the first date on which the Shares are traded ex-rights, ex-options or ex-warrants (as the case may be).

Rights Issues of Shares or Options over Shares. If and whenever the Issuer shall issue of Shares to all or substantially all Shareholders as a class by way of rights, or issue or grant to all or substantially all Shareholders as a class, class by way of rights, of options, warrants or other rights to subscribe for for, purchase or purchase otherwise acquire any Shares, in each case at less than 95% of the Current Market Price per Share on the last Trading Day preceding the date of the announcement of the terms of such issue or grant, the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately before such issue or grant by the following fraction: A + B A + C where: A is the number of Shares in issue immediately before such announcement; B is the number of Shares which the aggregate amount (if any) payable for the Shares issued by way of rights or for the options or warrants or other rights issued or granted by way of rights and for the total number of Shares comprised therein would subscribe for, purchase or otherwise acquire at such Current Market Price per Share; and C is the aggregate number of Shares issued or, as the case may be, comprised in the issue or grant. Such adjustment shall become effective on the date of issue of such Shares or issue or grant of such options, warrants or other rights (as the case may be) or where a record date is set, the first date on which the Shares are traded ex-rights, ex-options or ex-warrants (warrants, as the case may be).

Rights Issues of Shares or Options over Shares. If and whenever the Issuer Company shall issue Shares to all or substantially all Shareholders as a class by way of rights, or shall issue or grant to all or substantially all Shareholders as a class, by way of rights, of any options, warrants or other rights to subscribe for or purchase any Shares, in each case at less than 95% 90 per cent. of the Current Market Price per Share on the last Trading Day dealing day preceding the date of the announcement of the terms of such the issue or grant, the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately before prior to such issue or grant by the following fraction: fraction:- A + B A + C where: A is the number of Shares in issue immediately before such announcement; B is the number of Shares which the aggregate amount (if any) payable for the Shares issued by way of rights or for the options or warrants or other rights issued or granted by way of rights and for the total number of Shares comprised therein would subscribe for or purchase at such Current Market Price per Share; and C is the aggregate number of Shares issued or, as the case may be, comprised in the issue or grant. Such adjustment shall become effective on the date of issue of such Shares or issue or grant of such options, warrants or other rights (as the case may be) or where a record date is set, the first date on which the Shares are traded ex-rights, ex-options or ex-warrants (as the case may be).

Rights Issues of Shares or Options over Shares. If and whenever the Issuer Company shall issue Shares to all or substantially all Shareholders as a class by way of rights, or issue or grant to all or substantially all Shareholders as a class, class by way of rights, of options, warrants or other rights to subscribe for or purchase or otherwise acquire any Shares, in each case at less than 95% 95 per cent. of the Current Market Price per Share on the last Trading Day preceding the date of the announcement of the terms of such the issue or grant, the Fixed Conversion Price shall be adjusted by multiplying the Fixed Conversion Price in force immediately before such issue or grant by the following fraction: A + B whereWhere: A is the number of Shares in issue immediately before such announcement; B is the number of Shares which the aggregate amount (if any) payable for the Shares issued by way of rights or for the options or warrants or other rights issued or granted by way of rights and for the total number of Shares comprised therein would subscribe for or purchase or otherwise acquire at such Current Market Price per Share; and C is the aggregate number of Shares issued or, as the case may be, comprised in the issue or grant. Such adjustment shall become effective on the date of issue of such Shares or issue or grant of such options, warrants or other rights (as the case may be) or where a record date is set, the first date on which the Shares are traded ex-rights, ex-options or options, ex-warrants (as the case may be)) on the relevant Stock Exchange.

Rights Issues of Shares or Options over Shares. If and whenever the Issuer Company shall issue Shares to all or substantially all Shareholders as a class by way of rights, or issue or grant to all or substantially all Shareholders as a class, class by way of rights, of options, warrants or other rights to subscribe for for, purchase or purchase otherwise acquire any Shares, in each case at less than 95% 92.5 per cent. of the Current Market Price per Share on the last Trading Day preceding the date of the first public announcement of the terms of such the issue or grant, the Conversion Subscription Price shall be adjusted by multiplying the Conversion Subscription Price in force immediately before such issue or grant by the following fraction: A + B whereA + C Where: A is the aggregate number of Shares in issue immediately before such announcement; B is the number of Shares which the aggregate amount (if any) payable consideration receivable for the Shares issued by way of rights or for the options or warrants or other rights issued or granted by way of rights and for the total number of Shares comprised therein would subscribe for, purchase or otherwise acquire at such Current Market Price per Share; and C is the aggregate number of Shares issued or, as the case may be, comprised in the issue or grant. Such adjustment shall become effective on the date of issue of such Shares or issue or grant of such options, warrants or other rights (as the case may be) or where a record date is set, the first date on which the Shares are traded ex-rights, ex-options or ex-warrants (warrants, as the case may be).

Rights Issues of Shares or Options over Shares. If and whenever the Issuer shall issue Shares to all or substantially all Shareholders as a class by way of rights, or issue or grant to all or substantially all Shareholders as a class, class by way of rights, of options, warrants or other rights to subscribe for for, purchase or purchase otherwise acquire any Shares, in each case at less than 95% 85 per cent. of the Current Market Price per Share on the last Trading Day preceding the date of the announcement of the terms of such the issue or grant, the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately before such issue or grant by the following fractionfraction:‌ A+B A+C Where: A + B where: A = is the number of Shares in issue immediately before such announcement; B = is the number of Shares which the aggregate amount (if any) payable for the Shares issued by way of rights or for the options or warrants or other rights issued or granted by way of rights and for the total number of Shares comprised therein would subscribe for, purchase or otherwise acquire at such Current Market Price per Share; and C = is the aggregate number of Shares issued or, as the case may be, comprised in the issue or grant. Such adjustment shall become effective on the date of issue of such Shares or issue or grant of such options, warrants or other rights (as the case may be) or where a record date is set, the first date on which the Shares are traded ex-rights, ex-options or ex-warrants (ex- warrants, as the case may be).

Rights Issues of Shares or Options over Shares. If and whenever the Issuer Company shall issue Shares to all or substantially all Shareholders as a class by way of rights, or issue or grant to all or substantially all Shareholders as a class, class by way of rights, of options, warrants or other rights to subscribe for or purchase any Shares, in each case at a price per Share (herein referred to in this paragraph (d) as the “issue price”) which is less than 95% the higher of (i) 80 per cent. of the Current Market Price per Share on the last Trading Day preceding the date of the announcement of the terms of such the issue or grant and (ii) the Conversion Price then in effect on the date of the announcement of the terms of the issue or grant, the Conversion Price shall be adjusted by multiplying to an amount equal to the lower of (I) the Conversion Price in force immediately before such issue or grant multiplied by the following fraction: ___A + B whereB_ A + C Where: A is the number of Shares in issue immediately before such announcement; B is the number of Shares which the aggregate amount (if any) payable for the Shares issued by way of rights or for the options or warrants or other rights issued or granted by way of rights and for the total number of Shares comprised therein would subscribe, purchase or otherwise acquire at such Current Market Price per Share; and C is the aggregate number of Shares issued or, as the case may be, comprised in the grant, and (II) the issue or grantprice. Such adjustment shall become effective on the date of issue of such Shares or issue or grant of such options, warrants or other rights (as the case may be) or where a record date is set, the first date on which the Shares are traded ex-rights, ex-options or ex-warrants (as the case may be).