SUBSCRIPTION OF NEW SHARES. Subject to the terms and conditions hereof, at the Closing (as defined below) the Company shall issue and allot to the Investor, and the Investor shall subscribe for 2,307,692 A Shares (the “New Shares”), for an aggregate subscription price of US$15,000,000 (the “Subscription Price”). The pre-money valuation of the Company for this financing round on or about April 30, 2019 shall be US$1.3 billion. The New Shares shall have the rights, privileges, and restrictions as set forth in the Third Amended and Restated Memorandum and Articles of Association of the Company (the “Restated Articles”).
SUBSCRIPTION OF NEW SHARES. On 1 December 2016 (after trading hours), the Company entered into a Subscription Agreement with the Investor pursuant to which the Investor agreed to subscribe 221,619,605 new Shares at the Subscription Price of HK$1.0080 per Share. The Subscription Shares represent approximately 10.00% of the existing issued share capital of the Company and approximately 9.09% of the Company’s issued share capital as enlarged by the Subscription. Completion of the Subscription is conditional upon the Listing Committee of the Stock Exchange granting the listing of, and permission to deal in, the Subscription Shares. As the Subscription is subject to the satisfaction of the condition to the Subscription Agreement, the Subscription may or may not materialise. Shareholders and potential investors are reminded to exercise caution when dealing in the securities of the Company. On 1 December 2016 (after trading hours), the Company and the Investor entered into the Subscription Agreement in relation to the Subscription. The Subscription Agreement Date: 1 December 2016 (after trading hours) Parties
SUBSCRIPTION OF NEW SHARES. On 10th June, 2004, the Company and the Subscriber entered into the Subscription Agreement pursuant to which the Subscriber has agreed to subscribe for and the Company has agreed to allot and issue an aggregate of 27,200,000 Subscription Shares in cash at a subscription price of HK$0.10 per Subscription Share. The Subscription Shares represent approximately 15.7% of the issued share capital of the Company as at the date of this announcement and approximately 13.6% of the issued share capital of the Company as enlarged by the allotment and issue of the Subscription Shares. The Subscription Shares will be issued to the Subscriber under the general mandate granted to the Directors at the annual general meeting of the Company held on 1st June, 2004. The Subscription is conditional upon the granting by the Stock Exchange of the listing of, and permission to deal in, the Subscription Shares by 5:00 p.m. on 16th August, 2004 (or such other time and date as may be agreed by the Company and the Subscriber in writing), being the long stop date for the Subscription Agreement. The subscription price of HK$0.10 per Subscription Share represents (i) a premium of approximately 17.6% over the closing price of HK$0.085 per Share as quoted on the Stock Exchange on 10th June, 2004, being the date of the Subscription Agreement; and (ii) a premium of approximately 16.0% over the average closing price of HK$0.0862 per Share for the last 5 consecutive trading days up to and including 10th June, 2004. The gross proceeds from the Subscription amounted to HK$2.72 million. The net proceeds from the Subscription of approximately HK$2.5 million (with net issue price calculated to be approximately HK$0.092 per Subscription Share) will be applied for future investment purposes which will be invested in accordance with the Company’s investment policy of investing in listed and unlisted companies in Hong Kong and the PRC so as to achieve medium term capital appreciation. At present, no particular investment targets have been identified by the Company. Should any investment be made, the Company will comply with the Listing Rules. Trading in the Shares on the Stock Exchange was suspended with effect from 9:30 a.m. on Friday, 11th June, 2004 pending release of this announcement. Application has been made by the Company for the resumption of trading in the Shares with effect from 9:30 a.m. on Tuesday, 20th July, 2004. THE SUBSCRIPTION AGREEMENT Parties Issuer: The Company Subscriber: Gimmick ...
SUBSCRIPTION OF NEW SHARES. THE SUBSCRIPTION On 19 August 2022 (after trading hours), the Company (as the issuer) entered into the Subscription Agreement with the Subscriber. Pursuant to the Subscription Agreement, the Subscriber, an Independent Third Party, has conditionally agreed to subscribe for and the Company has conditionally agreed to allot and issue a total of 120,000,000 new Shares at the Subscription Price of HK$0.18 per Subscription Share. Assuming that there is no change in the issued share capital of the Company between the date of this announcement and the completion of the Subscription Agreement, the total of 120,000,000 Subscription Shares represent (i) approximately 3.13% of the issued share capital of the Company as at the date of this announcement; and (ii) approximately 3.03% of the issued share capital of the Company as enlarged by the allotment and issue of the Subscription Shares. The Subscription Price represents (i) a discount of approximately 7.69% to the closing price of HK$0.195 per Share as quoted on the Stock Exchange as at the date of this announcement; (ii) a discount of approximately 11.85% to the average of the closing prices per Share of HK$0.2042 as quoted on the Stock Exchange for the last five consecutive trading days immediately preceding the date of the Subscription Agreement; and (iii) a discount of approximately 11.94% to the average of the closing prices per Share of HK$0.2044 as quoted on the Stock Exchange for the last ten consecutive trading days immediately preceding the date of the Subscription Agreement. On the assumption that the Subscription Shares are successfully subscribed, the gross proceeds from the Subscription will be approximately HK$21,600,000 and the net proceeds of the subscription will amount to approximately HK$21,550,000. The Subscription Shares will be allotted and issued under the General Mandate. Shareholders and potential investors should note that completion of the Subscription is subject to fulfillment of the conditions under the Subscription Agreement. As the Subscription may or may not proceed, Shareholders and potential investors are reminded to exercise caution when dealing in the Shares. THE SUBSCRIPTION AGREEMENT The principal terms of the Subscription Agreement are as follows: Date 19 August 2022 Parties the Company (as issuer) Xx. Xxx X Xx (as subscriber) Information on the Subscriber To the best of the Directors’ knowledge, information and belief, and having made all reasonable enquiries, the Subscriber ...
SUBSCRIPTION OF NEW SHARES. 2.1 Upon the terms of this Agreement and subject to the fulfillment of the Conditions Precedent set forth in article 4 of this Agreement, the Subscriber – which shall be an Eligible Person (as defined in article 4 of this Agreement) – accepts to enter into this Agreement, to subscribe to the New Shares and to comply with the procedures described herein.
SUBSCRIPTION OF NEW SHARES. 2.1 Subject-matter of the transaction
SUBSCRIPTION OF NEW SHARES. 2.01 Subject to the terms of this Agreement, the Company shall allot and issue to the Subscriber and the Subscriber shall subscribe for the New Shares free from all Encumbrances and together with all rights now or hereafter attaching or accruing thereto. The New Shares shall rank pari passu with all other existing Shares.
SUBSCRIPTION OF NEW SHARES. If the capital stock of Maxcom is increased by new contributions in cash, the Trustee shall offer the holders of CPOs the right to make contributions to the Trust by sending them a notification, through the Common Representative (who may be assisted by Indeval), 10 (ten) days before the deadline for subscribing said increase and under the terms and taking into account the offer of the preferential right to subscription granted by Maxcom. Said contributions shall be used so that the Trust proportionally subscribes and pays-in the relevant Shares and issues and places the new CPOs necessary, only if said offer may be made under the terms of applicable legislation in the country of residence of the holder of the CPOs in question. This is on the understanding that the Trustee shall only deliver 1 (one) CPO for each Share that it subscribes and that is conveyed to the Trust Property. If the holders of CPOs provide the Trustee the funds needed for the Trustee to subscribe and pay-in the new-issue Shares, once said Shares are conveyed to or form part of the Trust Property, the Trustee shall issue the relevant CPOs, which shall deliver to the respective holders of CPOs in proportion to their contributions. Unless it receives instructions to the contrary from the Technical Committee, the Trustee shall only subscribe Shares under the terms agreed beforehand if the holders of the CPOs have provided it of sufficient funds at least 2 (two) business days before the date on which the relevant payment should be made. Notwithstanding any stipulation to the contrary herein, the Trustee may issue the CPOs to cover the Shares issued on the bases of and for the purposes established in Article 53 of the LMV, and other applicable legislation, to public offers, in which case, it is agreed that the Trustee may subscribe the Shares and pay them in using the products of the placement and sale of CPOs subject matter of the public offer.
SUBSCRIPTION OF NEW SHARES. SECOND SUPPLEMENTAL AGREEMENT Reference is made to the announcements of Burwill Holdings Limited (the “Company”) dated 10 April 2015 and 14 April 2015 in relation to the subscription of new shares by China-Asia Resources Fund (the “Announcements”). Terms defined in the Announcements have the same meanings when used herein. SECOND SUPPLEMENTAL AGREEMENT The Subscriber has completed the initial subscription of 138,000,000 new Shares on 7 May 2015 pursuant to the Share Subscription Agreement (as amended and supplemented by the Supplemental Agreement) (the “Revised Share Subscription Agreement”). Under the Revised Share Subscription Agreement, the Subscriber is required to subscribe or procure its nominee(s) to subscribe for a further 550,000,000 new Shares (the “Tranche Shares”) in up to three separate tranches during the Exercise Period which will end on 3 November 2015. On 2 November 2015 (after trading hours), the Company and the Subscriber entered into a second supplemental agreement (the “Second Supplemental Agreement”) pursuant to which the Exercise Period is extended to and including 3 February 2016. The Second Supplemental Agreement is conditional upon the Subscriber having completed the first tranche subscription (the “First Tranche Subscription”) of 100,000,000 Shares out of the 550,000,000 Tranche Shares on or before 3 November 2015. The Subscriber intends to complete the First Tranche Subscription on 3 November 2015. Completion of the subscription of the unsubscribed 450,000,000 Tranche Shares (the “Unsubscribed Tranche Shares”) are conditional upon the Listing Committee of the Stock Exchange having granted (either unconditionally or subject only to conditions to which the Company does not reasonably object) approval for the listing of and permission to deal in the Unsubscribed Tranche Shares. Application for listing will be made. This condition is not capable of being waived.
SUBSCRIPTION OF NEW SHARES
