Examples of Contingent Shares in a sentence
The Contingent Shares to be issued will rank pari passu in all respects with the shares then in issue on the relevant issue date.
The final settlement value of the 2015 Contingent Shares (as defined in the Annual Report) of HK$9,544,000 was fully settled by the allotment and issuance of approximately 26,512,000 shares of the Company on 16 March 2016, of which approximately HK$265,000 was credited to share capital and the remaining balance of approximately HK$9,279,000 was credited to share premium account.
The disclosure related to the Contingent Shares in Item 3 above is incorporated herein by reference.
The Contingent Shares are not included in this report of beneficial ownership.
Upon issue of the Contingent Shares, the Company and the AES Minority Shareholders are entitled to an aggregate of 3,846,153 Contingent Shares and the Subscribers of Convertible Debt Financing II are entitled to 153,846 Contingent Shares, respectively.