Examples of Cornerstone Investors in a sentence
Accordingly, the shareholdings of such Cornerstone Investors in our Company will be counted towards the public float of our Shares.
The Cornerstone Investors have each agreed under the Cornerstone Subscription Agreements not to acquire RSA Shares or any convertible securities of RSA until the earlier of (i) Completion; (ii) the Acquisition lapsing or being withdrawn; and (iii) the termination of the Cornerstone Subscription Agreements, unless such acquisition is made by a third party investment manager with a discretionary mandate.
Investors We have entered into cornerstone investment agreements with each of the following Cornerstone Investors in respect of the Cornerstone Placing.
Each of the above Cornerstone Investors is an Independent Third Party, not our connected person, and not an existing Shareholder of our Company.
After the six-month period, the Cornerstone Investors can dispose of the Shares they purchased but they are obligated to use all reasonable endeavors to ensure that any such disposal will not create a disorderly or false market.
The Offer Shares to be subscribed by the Cornerstone Investors will rank pari passu in all respects with the other fully paid H Shares.
Each of the Cornerstone Investors has agreed that, without the prior written consent of the Company and the Joint Global Coordinators, it will not, whether directly or indirectly, at any time during the period of six months following the Listing Date, dispose of any of the Shares or any interest in any company or entity holding any of the Shares acquired by it pursuant to the Cornerstone Placing.
Immediately following completion of the Global Offering, neither of the above Cornerstone Investors will have any board representation in our Company, nor will either of them become a substantial shareholder of our Company.
The Offer Shares to be subscribed for by the Cornerstone Investors will not be affected by any reallocation of the Offer Shares between the International Offering and Hong Kong Public Offering as described in the section headed “The Structure of the Global Offering” in this prospectus.
Each of the Cornerstone Investors (in the case of Value Partners, for itself and on behalf of Value Partners Investment Funds) has agreed that, unless it has obtained prior written consent of each of the Company and BNP Paribas, it will not at any time during the period of six months following the Listing Date dispose of (as defined in the respective cornerstone investment agreement) any of the Shares to be subscribed pursuant to the respective cornerstone investment agreement.