Existing Share Capital definition
Examples of Existing Share Capital in a sentence
The Conversion Shares represent (i) approximately 30.4% of the Existing Share Capital 1 ; and (ii) approximately 23.3% of the Enlarged Share Capital 2 immediately after Conversion Completion.
As at the date of this announcement, the Manager holds 1.62% of the Existing Share Capital.
The Board of Directors of the Bank has decided to formalize this assurance by entering into this Change of Control Agreement with the Officer.
Based on the Existing Share Capital (assuming no new Shares are issued on or prior to completion of the Proposed Subscription) and assuming that the Proposed Acquisition is approved by Shareholders at the EGM and that the Proposed Acquisition completes, (the “Maximum Subscription Scenario”), the Company will allot and issue 407,000,000 Subscription Shares to the Subscriber.
As at the date of this announcement, the Subscriber holds 98,500,000 Shares representing 13.23% of the Existing Share Capital.