Cancellation Price definition
Examples of Cancellation Price in a sentence
On and after the cancellation date, the record holder of the Warrants shall have no further rights except to receive, upon surrender of the Warrants, the Cancellation Price.
The Cancellation Price of HK$2.82 for each Scheme Share has been determined on a commercial basis after taking into account, among other things, the recent and historic trading prices of the Shares, publicly available financial information of the Group and the other privatisation transactions in Hong Kong in recent years.
The Scheme will provide that, if it becomes effective, the Scheme Shares will be cancelled and extinguished in exchange for the Cancellation Price of HK$3.50 in cash for every Scheme Share.
The Scheme The Cancellation Price will not be increased, and the Offeror does not reserve the right to do so.
Within five business days after the Final Funding Determination Date and in consideration of the Principal Shareholder’s assumption of the obligations of the Company as set forth in Section 2, the Company agrees to issue to the Principal Shareholder a number of shares of Common Stock (calculated on a pre-Reverse Stock Split basis) equal to the Final Funding Amount divided by the Cancellation Price (rounded down to the nearest whole share) (the “Funding Consideration Shares”).