Examples of First Subscription Shares in a sentence
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).
Changes have been made to the way in which informal complaints were registered and it was expected as a result there would be an increase in the number of registered complaints.
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.
The net proceeds, after deducting the professional fees and all related expenses which will be borne by the Company, from the issue of First Subscription Shares is estimated to be approximately RMB77,796,000.
Subscription Shares An aggregate of not more than 264,099,966 Subscription Shares, of which each of the First Subscriber and the Second Subscriber will subscribe for not more than 222,006,334 First Subscription Shares and 42,093,632 Second Subscription Shares, respectively.
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.
ISSUANCE OF SUBSCRIPTION SHARES UNDER THE FIRST SUBSCRIPTION AGREEMENT Pursuant to the First Subscription Agreement, upon Subscriber A and Subscriber B having properly received their respective entitlements of the Earn-out Payment, after deducting the income tax and related expenses, each of Subscriber A and Subscriber B shall use cash considerations for the purpose of subscription of the First Subscription Shares.
The First Subscription Shares will be issued under the General Mandate and the First Subscription is conditional upon the Stock Exchange granting the listing of, and permission to deal in, the First Subscription Shares.THE SECOND SUBSCRIPTION On 19 July 2019, the Company entered into the Second Subscription Agreement with the Second Subscriber pursuant to which the Second Subscriber has agreed to subscribe 22,956,000 new Shares at the Subscription Price of HK$5.22 per Share.
On 5 February 2016 (after trading hours), the Company has entered into the First Subscription Agreement with China Smartpay, an Independent Third Party, pursuant to which China Smartpay has conditionally agreed to subscribe for, and/or procure its wholly-owned subsidiary(ies) (the “Designated Subsidiary(ies)”) to subscribe for, and the Company has conditionally agreed to allot and issue, the First Subscription Shares at the Subscription Price of HK$0.135 per First Subscription Share.
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.