Examples of Completion Consideration Shares in a sentence
Accordingly, the allotment and issue of the Completion Consideration Shares is within the limit of the General Mandate and is not subject to the approval of the Shareholders.
THE COMPLETION CONSIDERATION SHARES AND THE GENERAL MANDATE The Completion Consideration Shares to be allotted and issued by the Company, assuming there will not be any issue or repurchase of Shares prior to Completion, will represent (i) approximately 1.22% of the existing issued share capital of the Company as at the date of this announcement and(ii) approximately 1.20% of the issued share capital of the Company as enlarged by the allotment and issue of the Completion Consideration Shares.
The Completion Consideration Shares will be issued under the General Mandate.
The Completion Consideration Shares, when allotted and issued, shall rank pari passu in all respects with the Shares of the Company in issue at the time of allotment and issue of the Completion Consideration Shares, including the right to receive all dividends, distributions and other payments made or to be made, on the record date which falls on or after the date of such allotment and issuance.
An application will be made by the Company to the Listing Committee of the Stock Exchange for the listing of, and permission to deal in, the Completion Consideration Shares.
In addition, Oliver Rigby has been granted options over 406,016 Ordinary Shares.** 224,974 of these Ordinary Shares are Completion Consideration Shares issued by way of consideration pursuant to the terms of the Not Binary SPA and 1,978,020 of these Ordinary Shares are Completion Consideration Shares issued by way of consideration pursuant to the terms of the Questers SPA.
The Vendor will hold approximately 84.0% of the enlarged issued share capital of the Company at Completion as a result of the allotment and issue of the Completion Consideration Shares by the Company to the Vendor and the allotment and issue of the Settlement Shares.
The annual subscriptions shall fall due on the 1st day of July in each year and shall be payable in advance either annually or, if the Board determines, by monthly, quarterly or half-yearly instalments in advance, or for more than one (1) year in advance.
When this due date falls on a Saturday, Sunday or legal holiday, the report is due on the next business day.
Resolution 1 seeks approval for the issue of the Completion Consideration Shares to Capital D as at completion of the Proposed Transaction.