Examples of First Subscription Shares in a sentence
The First Subscription Price for the First Subscription Shares shall be HK$39,000,000 payable by the Investors to the Company in cash in US$ denomination on Completion.
On 21 February 2019, the Company and the First Subscriber entered into the Supplemental First Subscription Agreement in relation to the alteration of the number of the First Subscription Shares to be subscribed by the First Subscriber, pursuant to which the First Subscriber has conditionally agreed to subscribe for and the Company has conditionally agreed to allot and issue the New First Subscription Shares of 3,048,750,000 new Shares.
Upon completion of the Second Subscription Agreement, the percentage voting rights held by the Subscriber (together with parties acting in concert with it) in the Company will be increased from approximately 16.26% to approximately 30.32% (assuming that there is no change in the issued share capital of the Company other than the issue of the First Subscription Shares and the Second Subscription Shares).
INCREASE IN AUTHORISED SHARE CAPITAL In order to cater for the issue of the Consideration Shares, the First Subscription Shares, the Second Subscription Shares and the Third Subscription Shares, the Company proposes to increase its authorised share capital from HK$750,000,000 to HK$2,500,000,000.
The maximum number of First Subscription Shares represent (i) approximately 4.5 times of the entire issued share capital of the Company as at the date of the First Subscription Agreement; (ii) approximately 81.8% of the entire issued share capital of the Company as enlarged by the issue of the First Subscription Shares only; and (iii) approximately 70.4% of the entire issued share capital of the Company as enlarged by the issue of the Subscription Shares.
PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION The Board proposed to make certain amendments to the Articles of Association, subject to and upon the First Completion and Second Completion, in order to, among other things, reflect the latest registered capital and shareholding structure of the Company as a result of the issue of the First Subscription Shares and Second Subscription Shares.
The First Subscription Shares shall be entitled to all dividends and other distributions.
First Shares Subscription Pursuant to the First Shares Subscription Agreement, the Company has conditionally agreed to allot and issue, and the First Shares Subscriber has conditionally agreed to subscribe for, the First Subscription Shares.
The Board is pleased to announce that on 21 March 2015, the Company and the Subscriber entered into the First Subscription Agreement pursuant to which the Company has conditionally agreed to allot and issue and the Subscriber has conditionally agreed to subscribe for the First Subscription Shares (i.e. 203.9 million Shares) at the First Subscription Price of HK$9.01 per Share pursuant to the terms and conditions of the First Subscription Agreement.
Immediately upon the Capital Reorganisation becoming effective and the allotment and issue of the First Subscription Shares onlyApprox.