Examples of Consortium Shares in a sentence
The Offer will be extended to all Shares (“Offer Shares”), including any and all Shares owned, controlled or agreed to be acquired by any party acting or deemed to be acting in concert with the Offeror in connection with the Offer, including without limitation, the Consortium Shares and the Encumbered Consortium Shares (each as defined below).
As also set out in Section 7.4(c) above, JKHSB has granted charges over the JKHSB Encumbered Consortium Shares in favour of Maybank as security in respect of the JKHSB Maybank Loans.
As set out in Section 7.4(c) above, ACC has granted charges over the ACC Encumbered Consortium Shares in favour of the Relevant Financial Institutions pursuant to his share margin financing arrangements with such Relevant Financial Institutions (the “ACC Share Margin Financing Arrangements”).
Assuming the Relevant Financial Institutions and Maybank agree to and, in accordance with each of ACC’s and JKHSB’s instructions, accept the Offer in respect of all of the Encumbered Consortium Shares, and taking into account the Shares subject to the Consortium Irrevocable Acceptance Undertakings and the Phihong Irrevocable Undertaking, the Offeror would obtain acceptances in respect of an aggregate 162,807,170 Shares, representing approximately 80.22 per cent.
In view of the restrictions set out in the terms of the ACC Share Margin Financing Arrangements and the JKHSB Maybank Loans, ACC and JKHSB have therefore provided the Consortium Irrevocable Instruction Undertakings in respect of the ACC Encumbered Consortium Shares and the JKHSB Encumbered Consortium Shares respectively.
The Chuang’s Consortium Shares held by HKIL are held on trust of which Mr. Chuang and Mrs.
Each of Merry Circle Trading Limited and Honour Idea Limited (each a “Rollover Shareholder” and, collectively, the “Rollover Shareholders”) agrees and undertakes that all of the Consortium Shares held by them respectively shall constitute the “Rollover Shares” in accordance with the terms hereof.
Pursuant to Rule 14.44 of the Listing Rules, in lieu of holding a general meeting, shareholders’ written approval has been obtained from EHL, HAL and HKIL, being a closely allied group of Chuang’s Consortium Shareholders which, as at the date of this joint announcement, held 837,373,332, 76,003,017 and 137,608,072 Chuang’s Consortium Shares, representing a total of approximately 62.84% of the entire issued share capital of Chuang’s Consortium, approving the Disposal.
The issue of the Consortium Shares does not fit within any of the exceptions set out in Listing Rule 7.2 and, as it has not yet been approved by Shareholders, it effectively uses up part of the 15% limit in Listing Rule 7.1, reducing the Company’s capacity to issue further equity securities without Shareholder approval under Listing Rule 7.1 for the 12 month period following the date of issue of the Consortium Shares.
The rights and obligations in this Agreement apply to each Consortium Member with respect to any Ordinary Shares in which it and/or its Affiliates hold a legal or beneficial interest, from time to time (whether acquired pursuant to the Subscription Agreement or otherwise), but excluding the Excluded Shares (the "Consortium Shares").