Examples of Accredited Shareholders in a sentence
Under no circumstances will Accredited Shareholders and/or Investors be awarded more shares than they applied for.
The Additional Shares are expected to be allocated on 26 July 2017.On this date, the Agent will determine the number of Excess Shares and allocate them to those Accredited Shareholders or Investors who have applied for Additional Shares in accordance with the provisions of section 5.1.3.(B)(v) above.
If there are Excess Shares at the end of the Pre-emptive Subscription Period, a process of allocating Additional Shares will be opened in which the Excess Shares will be distributed among the Accredited Shareholders and Investors who applied to subscribe Additional Shares, in the manner indicated below.Additional Shares will be allocated in the Allocation Period for Additional Shares (as described in section III.5.1.3(C) above).
Accredited Shareholders (as defined in section III.5.1.3.(B)(i) above) that have not transferred all of their pre-emptive subscription rights, and investors (as defined in section III.5.1.3.(B)(iv)below) may exercise their rights in the proportion required to subscribe New Shares.Any pre-emptive subscription rights not exercised will be automatically extinguished at the end of the Pre-emptive Subscription Period.
However, Accredited Shareholders or Investors who wish to request Additional Shares will have to do so through the branch where they have deposited their pre-emptive subscription rights.The orders placed to exercise pre-emptive subscription rights shall be considered final, irrevocable and unconditional.
The Company is not responsible for connection problems that the Accredited Shareholders may face and other situations that are not under the control of the Company, such as instability in the internet connection or incompatibility of the Digital Platform with the equipment of the Accredited Shareholder.
The Additional Shares are expected to be allocated on 26 July 2017.On this date, the Agent will determine the number of Excess Shares and allocate them to Accredited Shareholders or Investors who have applied for Additional Shares in accordance with the provisions of section III.5.1.3(B)(v) above.
For every ten (10) Subscription Rights, Accredited Shareholders will be entitled to subscribe one (1) New Share.Therefore, at least ten (10) Subscription Rights must be held to subscribe one New Share in exercising the pre-emptive subscription right at the Subscription Price.Each New Share subscribed in exercising the pre-emptive subscription right must be subscribed and paid up at the Subscription Price, i.e. EUR 4.85.
Iberclear will provide the Accredited Shareholders and the Investors with the reference numbers of the book entries corresponding to their respective positions for the New Shares subscribed during the Pre-emptive Subscription Period and the Allocation Period for Additional Shares through Iberclear members.
Such officer shall give the decision in writing on behalf of the Employer.