Completion NAV the combined net asset value of the Companies at the Completion Date determined in accordance with Clause 5 and Schedule 5 and as set out in the Completion Statement; Completion NAV Target: Net Liabilities of £49,606 (such sum having been agreed between the Vendor and the Purchaser and as set out in the Initial Consideration Statement);

Completion NAV the consolidated net asset value of the Target Company as at the Completion Date “Consideration” the aggregate sum of HK$93,000,000 to be paid by the Purchaser to the Vendor for the Acquisition “Conversion Price” HK$0.25 per Conversion Share initially (subject to adjustment pursuant to the terms of the Convertible Bonds) “Conversion Share(s)” new Share(s) to be allotted and issued to the holder of the Convertible Bonds upon any exercise of the conversion rights under and pursuant to the Convertible Bonds “Convertible Bonds” Convertible Bonds A and Convertible Bonds B “Convertible Bonds A” the zero-coupon convertible bond in a principal amount of HK$23,000,000 proposed to be issued by the Company to the Vendor (or his direct or indirect wholly owned company) pursuant to the Sale and Purchase Agreement “Convertible Bonds B” the zero-coupon convertible bond in a principal amount of HK$23,500,000 proposed to be issued by the Company to the Vendor (or his direct or indirect wholly owned company) pursuant to the Sale and Purchase Agreement “Director(s)” the director(s) of the Company “GEM Listing Rules” the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange

Examples of Completion NAV in a sentence

The Financial Accommodation provided by AMCON exceeded the Bank's Completion NAV of zero, calculated as at 31 December 2011, by N14.918 billion.
In computation of the Completion NAV, the Vendors and the Purchaser agreed that as the transactions contemplated under the Sale and Purchase Agreement comprise the sale of Sale Shares instead of sale of properties, the stamp duty refundable relating to Project-HK shall not be included as an asset to be acquired by the Purchaser.
The Consideration was arrived at after arm’s length negotiations between the Vendor and the Purchaser after taking into account: (i) the Agreed Property Value of RMB133,000,000 (equivalent to approximately HK$154,280,000) and the latest market condition in the PRC; and (ii) the Completion NAV of the Target Group.
Thus, the Consideration, which is estimated to be not more than HK$586 million, would be calculated as Agreed Property Valuation less the absolute amount of the Completion NAV since the Completion NAV is less than zero.
On the other hand, should the grant of the Specific Mandate not be approved, the Share Vendor Consideration would have to be settled by internal resources of the Group and the equity attributable to owners of the Company would not be materially affected given that the cash payment for the Share Vendor Consideration is essentially based on the Completion NAV Amount and it is also with reference to the Valuation.

More Definitions of Completion NAV

Completion NAV. The sum calculated in accordance with paragraph 2.3 of this Schedule "Earn-out" Any sum payable as Additional Consideration under paragraph 12 of this Schedule "Earn-out Period" The twelve month period commencing on 1 April 1997 and ending on 31 March 1998

Completion NAV as defined in part 1 of schedule 7; "the Disclosure Letter" the letter having the same date as this document from the Vendor's Solicitors to the Purchaser's Solicitors together with the copy documents attached to it;

Completion NAV the adjusted net asset value of the Property Group as at

Completion NAV the net asset value of the Target Company, adjusted by excluding (among other things) the value of the Property, deferred tax liabilities and all amounts owing by the Target Company to the Vendor or to Swire Properties, as at the close of business on the Completion Date

Completion NAV. ’ means (i) the aggregate of all assets of the Disposal