Average Closing Market Price definition

Average Closing Market Price means the average of the closing market prices of the Shares over the last five (5) market days, on which transactions in the Shares were recorded, before the day on which the Shares Purchases are made, or, as the case may be, the date of the making of the offer pursuant to the Off-Market Purchase pursuant to the equal access scheme, and deemed to be adjusted for any corporate action that occurs after the 5-day period; and

Average Closing Market Price means the average of the closing market prices of the Shares over the last 5 Market Days on which transactions in the Shares were recorded, before the day on which a Market Share Buy-Back was made, or as the case may be, the date of the making of the offer pursuant to an Off-Market Share Buy-Back on an equal access scheme, and deemed to be adjusted for any corporate action that occurs during (i) the relevant 5-Market Day period and (ii) the day on which the Share Buy-Back was made (in the case of a Market Share Buy-Back) or the date of the making of the offer (in the case of an Off-Market Share Buy-Back); and

Average Closing Market Price means the average of the closing market prices of a Unit over the last five (5) Market Days, on which transactions in Units were recorded, preceding the day of the Market Purchase, and deemed to be adjusted for any corporate action that occurs after such five-day market period in accordance with Rule 884 of the Listing Manual;

Examples of Average Closing Market Price in a sentence

• The Listing Manual restricts a listed company from purchasing shares by way of a Market Purchase at a price which is more than 105% of the Average Closing Market Price (as defined in Section 3.2.4 of this Annexure I).

• During any such period, the registered holder or the registered holder's representative or estate, as the case may be, may convert the entire principal amount of the debenture plus a cash payment equal to the product of multiplied by the Average Closing Market Price on the Conversion Date, into ( ) shares of Common Stock, subject to adjustment upon the occurrence of certain events as provided in the Indenture.

• If the Board of Directors determines the fair market value of any distribution for purposes of this Section 11.4(c) by reference to the actual or when issued trading market for any securities, it must in doing so consider the prices in such market over the same period used in computing such Average Closing Market Price.

• In determining whether any rights, options or warrants entitle the holders to subscribe for or purchase shares of Common Stock at less than such Average Closing Market Price, and in determining the aggregate offering price of such shares of Common Stock, there shall be taken into account any consideration received by the Company for such rights, options or warrants, the value of such consideration, if other than cash, to be determined by the Board of Directors.

• However, the purchase price must not exceed (in the case of both a Market Purchase and an Off-Market Purchase pursuant to an equal access scheme) 105% of the Average Closing Market Price of the Shares (the "Maximum Price"), in either case, excluding related expenses of the Share Purchase.

More Definitions of Average Closing Market Price

Average Closing Market Price means the average of the closing market prices of a Share over the last five (5) Trading Days on which transactions in the Shares were recorded, preceding the day of the Market Purchase (which is deemed to be adjusted for any corporate action that occurs during such five (5)-Trading Day period and the day on which the Market Purchase was made);

Average Closing Market Price means the average of the closing market prices of the Shares over the last five market days, on which transactions in the Shares were recorded, before the day of the On-Market Share Buy-back or, as the case may be, the day of the making of the offer pursuant to the Off-Market Equal Access Share Buy-back, and deemed to be adjusted for any corporate action that occurs after the relevant five-day period;

Average Closing Market Price means the average of the last dealt prices of the Shares for the 5 consecutive trading days on which the Shares are transacted on the SGX-ST (hereinafter referred to as “Trading Days” and each a “Trading Day”) immediately preceding the date of the Market Purchase by the Company, or as the case may be, the date of the making of an offer pursuant to the Off-Market Purchase, and deemed to be adjusted, in accordance with the Listing Rules, for any corporate action that occurs during the relevant 5 days period and the day on which the Market Purchase is made.

Average Closing Market Price means the average of the closing market prices of Shares over the last five market days, on which transactions in Shares were recorded, before the day on which the purchases are made, and deemed to be adjusted for any corporate action that occurs during the relevant five-day period and the day on which the purchases are made; and

Average Closing Market Price means the average of the closing market prices of the Shares over the last five Market Days, on which transactions in the Shares were recorded, before the day on which the purchase or acquisition of Shares was made, and deemed to be adjusted for any corporate action that occurs after the relevant five-day period;

Average Closing Market Price means the final sale or trading price of Exsorbet Common Stock on the Nasdaq Stock Market, Inc. small cap market at the close of such stock market on any given date. The determination of the closing trade price by Bloomberg, L.P. shall be conclusive.

Average Closing Market Price means, with respect to any day: