Convertible Bond Offer definition
Examples of Convertible Bond Offer in a sentence
The offer prices under the Convertible Bond Offer set out in this joint announcement are for illustrative purpose only and may be subject to change.
For illustrative purpose, in calculating the number of Shares the outstanding Convertible Bonds can be converted into for the purpose of calculating the offer price under the Convertible Bond Offer included in this joint announcement, it is assumed that the “Change of Control” of the Company takes place on the date of this joint announcement.
In any event, in accordance with Practice Note 6 to the Takeovers Code, the definitive offer prices under the Convertible Bond Offer will represent the “see-through” prices based on the offer price under the Share Offer.
The offer prices under the Convertible Bond Offer represent the “see-through” prices based on the offer price under the Share Offer in accordance with Practice Note 6 to the Takeovers Code.
In accordance with Practice Note 6 to the Takeovers Code, the offer prices under the Convertible Bond Offer represent the “see-through” prices based on the offer price under the Share Offer.
Considering that the CoC Date will be after the date of this joint announcement, the definitive offer price for the 2024 Convertible Bonds under the Convertible Bond Offer will be lower than the illustrative offer price disclosed in this joint announcement.
No fractions of a cent will be payable and the amount of cash consideration payable to a Shareholder who accepts the Share Offer or to a Convertible Bond Holder who accepts the Convertible Bond Offer will be rounded up to the nearest cent.
On [2] September 2021, the RRJ Covenantors have given the RRJ Irrevocable Undertaking in favour of the Offeror, pursuant to which each of the RRJ Covenantors has irrevocably undertaken to the Offeror to accept, or procure to accept, the Share Offer and the Convertible Bond Offer before 1:00 p.m. on the third business day immediately after the despatch of the Composite Document in respect of all the Shares and the 2024 Convertible Bonds held by it.
On 2 September 2021, the RRJ Covenantors have given the RRJ Irrevocable Undertaking in favour of the Offeror, pursuant to which each of the RRJ Covenantors has irrevocably undertaken to the Offeror to accept, or procure to accept, the Share Offer and the Convertible Bond Offer before 1:00 p.m. on the third business day immediately after the despatch of the Composite Document in respect of all the Shares and the 2024 Convertible Bonds held by it.
A reference in this Deed to the Offers, the Share Offer, the Convertible Bond Offer or the Option Offer also includes any new, increased, renewed or revised offers made by or on behalf of the Offeror to acquire shares in Huiyuan, to acquire the outstanding convertible bonds of Huiyuan or to cancel the share options of Huiyuan, as the case may be, provided that the terms of such offers are no less favourable to acceptors than the terms set out in the Announcement.