Examples of Deferred Consideration Shares in a sentence
For the avoidance of doubt, the Purchaser shall be relieved of its obligation to allot and issue any 2020 Deferred Consideration Shares if the 2020 Deferred Consideration Shares is reduced to zero.
The first tranche of 10,526,316 Deferred Consideration Shares is to be issued upon the Spudding of the first conventional oil well.
For the avoidance of doubt, the Purchaser shall be relieved of its obligation to allot and issue any 2021 Deferred Consideration Shares if the 2021 Deferred Consideration Shares is reduced to zero.
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.
Furthermore, for a period of a further 12 months thereafter, such Initial Consideration Shares and any Deferred Consideration Shares that may be issued following completion shall not be disposed of other than through Panmure Gordon in order to preserve an orderly market in the Ordinary Shares.
The second tranche of 10,526,316 Deferred Consideration Shares is to be issued upon notification of a discovery in respect of Amira’s interest in the Wasit Province.
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.
The issue of the 62.5 million Deferred Consideration Shares at the Placing Price following the passing of the Resolutions;2.
In any half year or quarterly report for a period during which any of the Deferred Consideration Shares have been issued or remain to be issued, the Company must include a summary statement of the number of Deferred Consideration Shares issued during the reporting period, the number of Deferred Consideration Shares that remain to be issued and the basis on which the Deferred Consideration Shares may be issued.
If Resolution 1 is not passed, the Tranche 1 Deferred Consideration Shares will be included in calculating the Company’s 15% limit in Listing Rule 7.1, effectively decreasing the number of equity securities the Company can issue without Shareholder approval over the 12 month period following the issue date.