Debt Conversion Shares definition

Debt Conversion Shares means up to approximately 6,943,162,680 new Shares to be issued by the Company to the Scheme Creditors in connection with the Scheme, representing in aggregate approximately 46.2% of the Enlarged Share Capital upon completion of the Restructuring Exercise.
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Debt Conversion Shares has the meaning set forth in Section 2.02;
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Debt Conversion Shares means any shares of Parent’s Common Stock issued or that are or may become issuable upon conversion of convertible indebtedness of Parent that is outstanding at the Effective Time.
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Examples of Debt Conversion Shares in a sentence

  • The Board of Directors of the Company proposes to allot and issue the Debt Conversion Shares in the capital of the Company to settle the Outstanding Amount owing by the Company to Mr Ho Kwok Wai and Mr Mark Francis Bedingham.

  • The allotment and issue of the Debt Conversion Shares will be made pursuant to a specific mandate and the Company is seeking specific Shareholder’s approval for the allotment and issue of the Debt Conversion Shares in accordance with Rule 805(1) of the Catalist Rules.

  • Resolution 6 seeks Shareholder approval for the issue of the Debt Conversion Shares under and for the purposes of Listing Rule 10.11.

  • If Resolution 6 is passed, the Company will be able to proceed with the issue of the Debt Conversion Shares within one month after the date of the Meeting (or such later date as permitted by any ASX waiver or modification of the Listing Rules) in lieu of repaying the Convertible Instrument in cash, enabling the Company to spend a greater proportion of its cash reserves on its operations than it would if the Convertible Instrument was satisfied in cash.

  • Accordingly, Resolution 6 seeks Shareholder approval for the issue of the Debt Conversion Shares on the terms set out below.

  • The issue of the Debt Conversion Shares falls within Listing Rule 10.11.4 and does not fall within any of the exceptions in Listing Rule 10.12.

  • In that case, the Company intends to rely on the ‘3% creep’ exception pursuant to item 8 of section 611 of the Corporations Act, in relation to the increase in Merdeka’s voting power as a result of the issue of the Debt Conversion Shares (the subject of Resolution 6) 2.

  • As approval pursuant to Listing Rule 7.1 is not required for the issue of the Debt Conversion Shares (because approval is being obtained under Listing Rule 10.11), the issueof the Shares will not use up any of the Company’s 15% annual placement capacity.

  • The Debt Conversion Shares are to be issued to EFDL to convert the Convertible Instrument.

  • The material terms of the Tranche 2 Placement Shares and the Debt Conversion Shares are set out in Sections 5.2 and 5.3 respectively.


More Definitions of Debt Conversion Shares

Debt Conversion Shares means the GCO Common Shares to be issued to IMHL in connection with the Debt Conversion;
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Debt Conversion Shares has the meaning given to such term in the recitals hereto.
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Related to Debt Conversion Shares

  • Interest Conversion Shares shall have the meaning set forth in Section 2(a).

  • Conversion Shares means, collectively, the shares of Common Stock issuable upon conversion of the shares of Preferred Stock in accordance with the terms hereof.

  • Conversion Stock means shares of Common Stock issued upon conversion of the Preferred Stock.

  • Company Convertible Notes means the convertible notes issued by the Company pursuant to the convertible note purchase agreement by and among the Company, PA Grand Opportunity Limited and other investors named therein dated June 6, 2016, as amended on June 13, 2016.

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.

  • Conversion Securities has the meaning set forth in Section 4.08(b).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Series B-2 Preferred Shares means the Company’s series B-2 preferred shares, par value US$0.00001 per share.

  • New Convertible Notes means the Company’s 5.0% Senior Unsecured Convertible Notes due 2023.

  • Series F Preferred Shares means the Series F Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Existing Convertible Notes means any convertible notes or other convertible debt securities of the Company outstanding on the date of this Agreement.

  • Series B-2 Preferred Stock means shares of the Company’s Series B-2 Preferred Stock, par value $0.001 per share.

  • Series C Shares means the shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series C, of the Company.

  • Exchange Debentures has the meaning set forth in Section 2(a) hereof.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Series C Preferred Shares means the Company’s series C preferred shares, par value US$0.00001 per share.

  • Series F Preferred Stock means shares of the Company’s Series F Preferred Stock, par value $0.0001 per share.

  • Note Shares means the shares of Common Stock issuable upon conversion of the Notes.

  • Series D Warrants means series D share purchase warrants of the Corporation issued to RTIH on May 22, 2012 in connection with the 2012 Rights Offering in accordance with the 2012 MoA, the terms of which are more particularly described under the heading “General Development of the Business – Agreements with the Rio Tinto Group – 2012 MoA”.

  • Series D Shares means shares of Series D Convertible Preferred Stock, par value $0.001 per share of the Company and having the rights, privileges, preferences and restrictions set forth in the Charter.

  • Series D Preferred Shares means the Company’s series D preferred shares, par value US$0.00001 per share.

  • Series B Preferred Shares means the Series B Preferred Shares of the Company, par value US$0.0001 per share.

  • Series E Preferred Shares means the Series E Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.

  • Series A Preferred Shares means the Series A Preferred Shares of the Company, par value US$0.0001 per share, with the rights and privileges as set forth in the Memorandum and Articles.