Examples of Existing Loan Notes in a sentence
Qualifying Shareholders who hold all or part of their Existing Ordinary Shares, and Qualifying Loan Noteholders who hold their Existing Loan Notes, in certificated form (as applicable) will receive the Application Form, enclosed with this document.
Net debt as of 31 December 2013 was €4.1 million (excludes shareholder loan notes and related accrued interest).For the purposes of information, the Existing Loan Notes (to include all amounts of principal and interest thereon) shall be converted into Ordinary Shares effective upon Admission and so no amount of the proceeds of the Placing will be applied in repayment of any Existing Loan Notes or the payment of any interest thereon.
Under the terms of the Existing Loan Notes the Loan Noteholders have the right to participate in any offer of, or invitation relating to, securities made to the holders of the Ordinary Shares and accordingly the Board has decided to offer all Qualifying Loan Noteholders the opportunity to participate in the Open Offer.
Holdings of Existing Loan Notes in certificated and uncertificated form will be treated as separate holdings for the purpose of calculating entitlements under the Open Offer.
The redemption of the Existing Loan Notes is conditional on the approval of resolutions by the Company’s shareholders at the General Meeting granting the directors of the Company authority to allot the Redemption Shares and allot new Ordinary Shares pursuant to any exercise notice received relating to the CLNs and dis-applying statutory pre-emption rights in relation to such allotment and issue.