Firm Placing definition
Examples of Firm Placing in a sentence
To the extent the Option is exercised, the Option Shares shall be made available and sold by the Vendors in the same respective proportions as the Firm Placing Shares.
The Vendors agree to sell, or procure the sale of, the Firm Placing Shares and the Placing Agent agrees, as agent of the respective Vendors, to procure Placees to purchase, or failing which itself as principal to purchase, the Firm Placing Shares on the terms and subject to the conditions set out in this Agreement.
The Firm Placing and Placing and Open Offer On 25 June 2008, Barclays PLC announced a share issue to raise approximately £4.5 billion through the issue of 1,576 million new Barclays PLC ordinary shares (the "Firm Placing and Placing and Open Offer").
Each of the Vendors shall sell the number of Firm Placing Shares set out against its respective name in paragraph 2 of Part B of Schedule 5.
In addition to the Committed Firm Placing Shares, Cazenove is also seeking to place up to 10,346,139 New Ordinary Shares firm on a non-pre-emptive basis with institutional and other investors pursuant to the Firm Placing.
In addition to providing funds for the Offer and Merger, the proceeds of the Firm Placing and Placing and Open Offer will also be used to fund Parent's purchase of the ear, nose and throat business of ▇▇▇▇▇ and Nephew, Inc.
Such funds are expected to be made available from the proceeds of a Firm Placing and Placing and Open Offer (the "Firm Placing and Placing and Open Offer") of 38,461,612 new ordinary 1p shares of Parent (the "New Parent Shares"), to raise approximately 100 million pounds sterling (approximately US $144 million) (the "Share Issuance").
The Vendors agree to sell, or procure the sale of, ------------------- the Firm Placing Shares and the Placing Agent agrees, as agent of the respective Vendors, to procure Placees to purchase, or failing which itself as principal to purchase, the Firm Placing Shares on the terms and subject to the conditions set out in this Agreement.
Parent also entered into the Somnus Placing Agreement and the ENT Placing Agreement, each effective as of May 4, 2001, with West LB Panmure to fully underwrite the Firm Placing and Placing and Open Offer.