Examples of Continuing Shareholders in a sentence
However, pursuant to the terms of the Continuing Shareholders WCA, the special rights of Fosun Singapore, including, inter alia, to appoint directors on the Board, shall terminate upon receipt of final listing and trading approvals from each of the Stock Exchanges for the listing and trading of the Equity Shares of the Company pursuant to the Offer.
Further, our Promoter, Fosun Singapore, has appointed four Non-Executive Nominee Directors on our Board and our Managing Director and CEO is deemed to have been appointed by Fosun Singapore, pursuant to the terms of the Continuing Shareholders SHA.
If, at the end of the First Offer Period, the number of Sale Shares applied for is equal to or exceeds the number of Sale Shares, the directors shall allocate the Sale Shares to each Continuing Shareholder who has applied for Sale Shares in the proportion which his existing holding of shares bears to the total number of shares held by those Continuing Shareholders who have applied for Sale Shares.
This process shall be repeated by the Selling Shareholder until either all the shares in Mustiara have been accepted or until all the Continuing Shareholders have declined the remaining shares in Mustiara.
If and only if certain shares in Mustiara offered remain unaccepted (“Unaccepted Shares”) by all the Continuing Shareholders, the Selling Shareholder shall be entitled, within a period of ninety (90) days from the decline by all the Continuing Shareholders, to offer and complete the sale of the Unaccepted Shares to a bona fide and arm’s length third party purchaser, at a price and upon terms and conditions not more favourable than those offered to the Continuing Shareholders.