Examples of Alpha Shares in a sentence
Na Related Shareholders have agreed to subscribe for 287,710,833 unpaid Optical Alpha Shares at the Cancellation Price (i.e. HK$1,870,120,414.50 in aggregate).
Completion of the Onshore Subscription Agreement is subject to its conditions precedent, including, among others, all necessary approvals from the relevant governmental, regulatory or other authorities, required for the subscription of Optical Alpha Shares by the Subscription Investor having been obtained.
These 7,437,813 unpaid Optical Alpha Shares issued to Mandarin Assets are currently expected to be credited as fully paid upon payment of the subscription price by the Equity Investor in respect of such Optical Alpha Shares in accordance with the terms of the Offshore Subscription Agreement.
Depending on the progress of the obtaining of the abovementioned necessary approvals for the subscription of Optical Alpha Shares by the Subscription Investor, it is currently expected that the Onshore Subscription Agreement may complete prior to or after the Effective Date.
For the avoidance of doubt, none of the 7,437,813 Optical Alpha Shares issued to Mandarin Assets pursuant to the Mandarin Assets Arrangement Part I and the 7,349,467 Optical Alpha Shares to be issued to Mandarin Assets pursuant to the Mandarin Assets Arrangement Part II form part of the unpaid Optical Alpha Shares held by Mandarin Assets which are intended to be credited as fully paid pursuant to the Mr. Na Related Shareholders Cancellation Consideration.
These 7,437,813 unpaid Optical Alpha Shares shall be credited as fully paid upon the settlement of the subscription price by the Equity Investor no later than the Business Day immediately following the date on which the Scheme is sanctioned (with or without modifications) by the Grand Court (or such other date as agreed between the Equity Investor and Optical Alpha).
The Alpha Shares are classified as fair value through profit and loss financial instruments and are recorded as a marketable security in the statement of financial position, with gains and losses resulting from the change in fair value recorded in the loss for the period.
All authors approved the final version of the manuscript.Conflict of interestNo conflict declared.Author ManuscriptEvans et al.
The Mandarin Assets Arrangement Part I had been completed and 7,437,813 unpaid Optical Alpha Shares subscribed by the Equity Investor at the Cancellation Price had been issued to Mandarin Assets.
A Working Group had been established consisting of senior officers and Cabinet Members which would determine the nature, location and duration of the project.