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).
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.
Ms. Zhu will be deemed to be interested in the Shares to be issued to Zhu Associate.Upon completion of the First Subscription and the issue of the Incentive Shares under the Incentive Agreement, Ms. Zhu and her associates will hold 464,099,966 Shares, representing approximately 10.81% of the issued share capital of the Company as enlarged by the First Subscription Shares and the Incentive Shares.
As Shanghai KYMS shares are listed on the NEEQ, the Subscriber is subject to the aforementioned dealing restriction in respect of the First Subscription Shares and the Second Subscription Shares after Completion.
On 9 May 2012, following the completion of the placing, the First Subscription Shares were issued under the general mandate granted to the directors of the Company on 14 October 2011.
The aggregate nominal value of the First Subscription Shares is approximately HK$2.04 million.
On 3 January 2011, following completion of the placing, the First Subscription Shares were issued under the refreshed general mandate granted to the directors of the Company on 9 June 2010.
Ranking of the First Subscription Shares and Lock-up The First Subscription Shares, when fully paid, will rank pari passu in all respects with the Shares in issue on the completion date of the First Subscription, including the right to any dividends or distribution declared on or after the date of completion of the First Subscription.
General Mandate to Issue Shares No shareholders’ approval is required for the First Subscription and the First Subscription Shares will be issued and allotted by the Company pursuant to the general mandate granted to the Directors to issue Shares (the “General Mandate”) at the annual general meeting held on 22 May 2019.
The proposed issue of First Subscription Shares, the First Proposed Subscription, the proposed increase in registered share capital, and the proposed amendments to the Articles of Association will be proposed by way of special resolutions at the EGM and the Class Meetings to be approved by the Independent Shareholders.