Examples of Additional Consideration Shares in a sentence
The Additional Consideration Shares were released from the lock-up restrictions on February 7, 2020.
The Debenture and the Additional Consideration Shares have been duly and validly authorized and, when issued and paid for pursuant to this Agreement, will be validly issued, fully paid and nonassessable, and shall be free and clear of all encumbrances and restrictions (other than those created by the Investor), except for restrictions on transfer set forth in the Transaction Documents or imposed by applicable securities laws.
The Additional Consideration Shares contained certain lock-up restrictions all of which lapsed on February 7, 2020.
Accordingly, the Company is only required to seek Shareholder approval for the purposes of Listing Rule 7.1 for the issue of the Tranche 1 Additional Consideration Shares relating to the Acquisition, and not seek separate Shareholder approval under Listing Rule 10.11 for the issue of any consideration securities to Ramsgate B.V.
The terms Second Closing and Additional Consideration Shares shall have the meanings ascribed to such terms in the Merger Agreement.