Examples of CMA Shares in a sentence
The Offeror has today exercised its right under Section 215(1) of the Companies Act, Chapter 50 of Singapore to compulsorily acquire all the CMA Shares of the Guarantor’s shareholders who have not accepted the Offer as at the close of the Offer.
Accordingly, there is no recent trading guidance as to the value of CMA Shares and the last trading price of Shares on ASX is not a reliable guide as to the future Share price.
The exercise of the Over-allotment Option will not affect the total number of issued and existing CMA Shares.
Accordingly, it will not be meaningful to calculate the relative percentage of the net profits attributable to the CMA Shares with the net loss attributable to CapitaLand Group; and(c) the aggregate proceeds of the Proposed Offering are estimated to constitute 10.3% of CapitaLand's market capitalisation based on the last transacted price of the Shares on 2 October 2009, being the last market day preceding the date of this Announcement.
Either party may terminate this Agreement at any time by giving written notices to the other party of such termination and specifying the effective date thereof at least 30 days before the effective date of such termination.
The Offering which represents 30% of CapitaLand’s existing shareholding interest in CapitaMalls Asia will consist of (i) the Placement of 1,058,548,000 Offering Shares and (ii) the Public Offer of 106,652,000 Offering Shares, including 11,652,000 Reserved Shares.The total number of Offering Shares may be increased by up to 174,780,000 CMA Shares, representing an additional 15% of the Offering Shares, in the event of over-allotments by the Joint Bookrunners and Underwriters.
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CapitaLand already held approximately 65.3% of CMA Shares in issue as at the Offer Announcement Date and as at the date of this Announcement, the Offeror and its Concert Parties hold approximately 70.4%5 of CMA Shares in issue6.
An initial public offering of CMA Shares at a price above CapitaLand’s carrying book value and the estimated Related Transaction Costs will crystallise a gain to CapitaLand and unlock value for its Shareholders.
Immediately after the Proposed Offering, the NAV of CapitaLand Group will increase if the Offer Price for the CMA Shares is above the net book value of the CMA Shares and the Related Transaction Costs.