Examples of Deferred Consideration Shares in a sentence
Acquisition of Lithophile Pty LtdOn the 1st July 2016, Lithium Australia NL acquired 100% shareholding in Lithophile Pty Ltd for the consideration of $26,726 cash payment, 500,000 Shares, 500,000 Partly Paid Shares as well as Deferred Consideration Shares as listed below.
In the event that Deferred Consideration Shares are issued to the Pouncer Shareholders and the Secondary Fundraising is not completed, such Ordinary Shares will be subject to lock-in period for 5 months from the date of issue.
The first tranche of 10,526,316 Deferred Consideration Shares is to be issued upon the Spudding of the first conventional oil well.
Voting Exclusion The Company will disregard any votes cast in favour of the Resolution by or on behalf of an Altura Loan Note Holder, or a person who will obtain a material benefit as a result of, the issue of the Tranche 1 Deferred Consideration Shares, or any associate of that person (or those persons).
Voting Exclusion The Company will disregard any votes cast in favour of the Resolution by or on behalf of an Altura Loan Note Holder, or a person who will obtain a material benefit as a result of, the issue of the Tranche 2 Deferred Consideration Shares, or any associate of that person (or those persons).
However, the Company has applied for and been granted a waiver from Listing Rule 7.3.4, to permit the Company to issue the Deferred Consideration Shares after the date which is 3 months from the Meeting (Waiver).
If Resolution 7 is not passed, the Deferred Consideration Shares will not be issued to Cruz, Cuevas and Gabel and the Company will have to consider alternative means of consideration pursuant to the Acquisition (such as cash consideration) or the Acquisition will not proceed.
A summary of Listing Rule 7.1 is described in Section 6.2. If Resolution 7 is passed, the Deferred Consideration Shares will be issued Cruz, Cuevas and Gabel and the Company will be able to proceed with the Acquisition.
Such fundraising may dilute Shareholders, may be on terms unfavourable to the Company or may not be available at all.Under the Mandate, the Company has agreed to issue Shares to the Corporate Advisers upon the satisfaction of certain milestones (i.e. Deferred Consideration Shares).
Refer to Section 7.3 for further information.The issues of the Deferred Consideration Shares to the Vendors (and/or their nominees) are subject to the Company achieving the milestones set out in Section 7.1(b)(ii), and comprise partial consideration for the Acquisition.The Company has agreed to issue 3,450,000 Deferred Consideration Shares to the Corporate Advisers (and/or their nominees).