Examples of Firm Placing in a sentence
Unless you are a Firm Placee, you will not participate in the Firm Placing.
The Board believes that the Firm Placing will enable the Company to satisfy demand from potential new investors as well as current Shareholders wishing to increase their equity positions in the Company.
The terms and conditions of the Firm Placing are set out in placing letters that have been sent to each Firm Placee.
Accordingly, there will be no Firm Placing and Placing and Open Offer.
This includes 238,588,536 Existing Ordinary Shares, 45,474,313 New Ordinary Shares to be issued pursuant to the Firm Placing and 21,689,866 New Ordinary Shares to be issued pursuant to the Placing and Open Offer.
The gross proceeds of the Firm Placing and Placing and Open Offer of £4,469m are shown net of issue costs of £107m.
In case of such delay Customer is entitled to dissolve the agreement by notice in writing and shall, where appropriate, be entitled to reimburse- ment on of (any part of) the purchased price paid and reimbursement for the loss suffered, which compensation shall not exceed 15 per cent of the agreed price of the delivered product.
Any Open Offer Entitlements admitted to CREST will thereafter be disabled.The Offer Shares (and the Firm Placing Shares) will be issued free of all liens, charges and encumbrances and will, when issued and fully paid, rank pari passu in all respects with the Existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of their issue.The Existing Ordinary Shares are admitted to trading on AIM.
The Firm Placing is conditional only upon compliance by the Company in all material respects with its obligations under the Placing Agreement and the occurrence of First Admission.
Conditions and further terms of the Open Offer The Open Offer is conditional on the Firm Placing becoming or being declared unconditional in all respects and not being terminated before Admission.