Examples of AsiaSat Shares in a sentence
The DCF analysis should not be regarded as an indication of what price AsiaSat Shares should or could be achieved or indications of profit forecast.
Except as specifically otherwise provided for elsewhere in this Agreement, all dividends and other entitlements conferred by, or accrued or accruing with respect to, any of the Company’s AsiaSat Shares shall be passed through or (as appropriate) allocated and attributed to each Class in proportion to the Shareholders’ respective shareholdings in the Company.
The board of the Offeror will undertake to the Stock Exchange to use its best endeavours to take appropriate steps to ensure that, as soon as possible following the close of the Share Offers, sufficient public float exists in the AsiaSat Shares.
Such administrative and general expenses include annual audit fees and registration fees as well as any other costs necessary for the continuance of the Company and its holding of AsiaSat Shares as contemplated by this Agreement.
Save for the Options, there are no outstanding options, warrants, derivatives or other securities issued by AsiaSat that carried a right to subscribe for or which are convertible into AsiaSat Shares.
The Stock Exchange has stated that if, at the close of the Share Offers, less than 25 per cent of the issued AsiaSat Shares are held by the public, or if the Stock Exchange believes that (i) a false market exists or may exist in the trading of the AsiaSat Shares; or (ii) there are insufficient issued AsiaSat Shares in public hands to maintain an orderly market, then it will consider exercising its discretion to suspend dealings in the AsiaSat Shares until a level of sufficient public float is attained.
In this connection, it should be noted that upon the close of the Share Offers, there may be insufficient public float for the AsiaSat Shares and therefore trading in the AsiaSat Shares may be suspended until a sufficient level of public float is attained.
On the basis of the Share Offer Price of HK$16.00 per AsiaSat Share and 391,135,500 AsiaSat Shares in issue as at the Latest Practicable Date, the entire issued share capital of AsiaSat is valued at approximately HK$6,258 million.
In the event the compulsory acquisition thresholds are attained, subject to compliance with the applicable provisions of the Takeovers Code and the Listing Rules, the listing of AsiaSat Shares will be withdrawn from the Stock Exchange and the Offeror intends to cause the Company to apply for de-listing of the ADSs from the NYSE.
As stated in “Part I – Letter from Morgan Stanley” of the Offer Documents, following the completion of the Exchange Transaction and discontinuance of the Proposals, the Offeror and the parties acting in concert with it own interests in an aggregate 268,905,000 AsiaSat Shares, representing approximately 68.75 per cent of the voting rights in AsiaSat.