Examples of Consideration Securities in a sentence
Accordingly, no funds will be raised from the issue of the Consideration Securities.
An Independent Board Committee comprising all of the independent non-executive Directors of the Company has been established to advise the Shareholders in connection with the Proposed Transaction and issue of Consideration Securities.
Therefore, on Completion, SMBC will be issued a combination of Consideration Securities and SMBC Subscription Shares representing 205,014,113 Shares in aggregate, and 4.6% of the total issued Shares as enlarged by the allotment and issue of the Consideration Shares and SMBC Subscription Shares (assuming the Cash Consideration Adjustment is not exercised).
As could be noticed from the agreement, the contract is not between the individuals and the Company, but between the group of individuals and the Company, which needs to be highlighted.
None of the Exchangeable Units or the Consideration Securities issued upon the exchange of such Exchangeable Units have been or will be registered under the U.S. Securities Act or any state securities laws, and such Exchangeable Units may not be exercised in the United States or by, or for the benefit or account of, any U.S. Person unless there is an exemption from such registration requirements available on the date of such exercise.