Examples of Exercised Share in a sentence
Prior to the making of any Award Payment for any Exercised Share Units by the Company to Grantee under this Agreement, nothing contained herein shall give Grantee any rights that are greater than those of a general unsecured creditor of the Company.
As a result, the 2017 Warrants are considered “in- the-money” from the perspective of HBD as the Exercise Price of the 2017 Warrants of S$0.048 per Exercised Share is substantially below the current market Share price of around S$0.070.
In addition, the issuance of the 2017 Warrants to HBD will allow HBD, if and when HBD chooses to exercise the 2017 Warrants into Exercised Shares over the next five (5) years from the date of issue of the 2017 Warrants, to help the Company raise new equity funds through the proceeds from the Exercise Price for each Exercised Share to finance business expansions, acquisitions and investments, and/or the general working capital of the Group.
The Company shall debit Grantee's Share Unit Account from time-to-time with all Exercised Share Units, effective the Exercise Date of such Exercised Share Units, and shall credit or debit, as appropriate, Grantee's Share Unit Account with any adjustments required pursuant to Section 8 hereof.
Lastly, if and when the 2017 Warrants are exercised into the Exercised Shares over the next five (5) years from the date of issue of the 2017 Warrants, the Company will raise new equity funds through the proceeds from the Exercise Price for each Exercised Share.
A summary of movements of all share rights issued is as follows:Share rights outstanding as at 1 July 2022 Granted Forfeited Exercised Share rights outstanding as at 31 December 2022 During the year share rights were granted to non-executive Directors following shareholder approval at the Annual General Meeting on 26 October 2022.
This is mainly due to the fact that in this report, to compare grid and off-grid solutions in the best possible way, off-grid solutions are supposed to meet the average mature rural consumption at all times, whereas off- grid solutions are normally installed with the purpose of simply bringing electricity to a demand node – not designed to meet a specific consumption (Abbo, 2015).
Each 2017 Warrant carries the right to subscribe for one Exercised Share at the Exercise Price of S$0.048 for each Exercised Share, which may be exercised at any time for a period of five years from the date of issue of the 2017 Warrants.
Each 2017 Warrant shall entitle the holder thereof to subscribe for one (1) Exercised Share at an Exercise Price of S$0.048 for each Exercised Share at any time during the Exercise Period subject to, and in accordance with the terms and conditions of the 2017 Warrants to be set out in the Deed Poll.
Number of shares of Common Stock to be issued to the Holder equals _______ (equal to Exercised Share Number if using Cash Exercise, or based on Cashless Exercise Formula per Section 9(b) of the Warrant).