Book Closure Period definition
Examples of Book Closure Period in a sentence
Notwithstanding the foregoing, if a Conversion Date in respect of this Note would otherwise fall during a period in which the register of ADSs of the Depositary is closed generally or for the purpose of establishing entitlement to any distribution or other rights attaching to the ADSs (a “Book Closure Period”), such Conversion Date will be postponed to the first Trading Day following the expiry of such Book Closure Period.
Holders who deposit a Conversion Notice during a Book Closure Period will not be permitted to convert their Bonds until the Business Day following the last day of the Book Closure Period which (if all other conditions to conversion have been fulfilled) will be the Conversion Date for such Bonds.
Subject to the provisions of the Indenture, the holder hereof has the right, at its option, at any time on or after December 3, 2023 and prior to the close of business on (at the place at which the Bond is deposited for conversion) on November 20, 2025 except during any Book Closure Period, to convert the principal or any portion hereof that is US$200,000 or an integral multiple thereof, into that number of Shares of the Company at the Conversion Price as provided in the Indenture.
The Company shall procure that the Holders (and other applicable parties), the Trustee and the Conversion Agent are given at least seven (7) Business Days prior written notice of any Book Closure Period in accordance with the provisions of this Indenture.
If such Business Day falls within the Book Closure Period (as defined in the Indenture) then the Conversion Date will be the Business Day following the last day of the Book Closure period.
Subject to the provisions of the Indenture, the holder hereof has the right, at its option, at any time on or after December 3, 2020 and prior to the close of business on (at the place at which the Bond is deposited for conversion) on November 20, 2025 except during any Book Closure Period, to convert the principal or any portion hereof that is US$200,000 or an integral multiple thereof, into that number of Shares of the Company at the Conversion Price as provided in the Indenture.
Notwithstanding the foregoing, if the Conversion Date in respect of a Bond would otherwise fall during a period in which the register of shareholders of the Issuer is closed generally or for the purpose of establishing entitlement to any distribution or other rights attaching to the Shares (a “Book Closure Period”), such Conversion Date shall be postponed to the first Stock Exchange Business Day (as defined in Condition 6(b)(i) (Conversion Notice)) following the expiry of such Book Closure Period.