Examples of Existing Share Capital in a sentence
Mdm Kok, Mr. Ong’s wife, holds the remaining 30% of B&L Group; and (b) Mdm Kok has a direct interest in 34,966,000 Shares (the “Mdm Kok Existing Shares”), representing approximately 9.39% of the Existing Share Capital.
The Subscription Shares represent (i) approximately 100.89% of the Existing Share Capital; and (ii) approximately 50.22% of the Enlarged Share Capital immediately after Completion.
The Undertaking Shareholder’s two sons, Ong Jia Ming and Ong Jia Jing, and the Undertaking Shareholder’s wife, Ms. Lau are interested (directly and indirectly) in 8,828,471 Shares, 4,457,500 Shares and 4,066 Shares, representing approximately 4.0%, 2.0% and 0.002% of the Existing Share Capital, respectively.
As at the Latest Practicable Date, (a) B&L Group has a direct interest in 195,000,000 Shares (the “B&L Group Existing Shares”), representing approximately 52.36% of the Existing Share Capital.
As at the Latest Practicable Date, the JIGL Group holds an aggregate of 120,421,638 Shares, representing approximately 29.74% of the Existing Share Capital.
The sole shareholder of Saffron Elite is Mr. Lim Liang Meng, who is also a Shareholder of the Company holding presently 2.24% of the Existing Share Capital of the Company.
Assuming that the Maximum Conversion Shares are issued to AFE, AFE will hold in aggregate approximately 34.64% of the Existing Share Capital and approximately 25.73% of the Enlarged Share Capital after such issuance.
Consequently, the Company’s Existing Share Capital will be cancelled from trading on AIM at4.30 p.m. on 12 December 2022 and Re-Admission of the Company’s Existing Share Capital will take place at 8.00 a.m. on 13 December 2022.
The Undertaking Shareholder has an interest (directly and indirectly) in 46,660,066 Shares4, representing approximately 21.0% of the Existing Share Capital.
We anticipate a fairly smooth transition since it is the same three counties that we originally began with (Sanilac, Lapeer and St. Clair).