Examples of Initial Subscription Shares in a sentence
The premium on each Redeemable Preference Share forming part of the Initial Subscription Shares issued in accordance with this Clause 2.1 shall be €8.68 (being the EPRA net asset value per Target Share shown in the Target’s audited financial statements as at 31 December 2020).
No later than two (2) Business Days prior to the Relevant Closing Date, the Investor shall provide to the Company the name and corporate information of the Chilean custodian to whose account the Company will make the correspondent credit of the Initial Subscription Shares or the Subsequent Subscription Shares in the name of such custodian, as the case may be, at the Relevant Closing.
Subject to the terms and conditions of the Subscription Agreement, the Subscriber (or through its nominee(s)) shall subscribe for, and the Company shall allot and issue the Initial Subscription Shares to the Subscriber (or its nominee(s)) at the subscription price of HK$0.45 per subscription share (the “Subscription Price”).
If only General Nice Initial Subscription Completion occurs and General Nice Further Subscription Completion does not occur, Petropavlovsk’s shareholding will be diluted to 51.16% (assuming that there is no change in the issued share capital of the Company other than the issue of the General Nice Initial Subscription Shares between the date of the Investors’ Subscription Agreements up to General Nice Initial Subscription Completion).
References are made to the announcements (the “ Announcements”) of Value Convergence Holdings Limited (the “Company”) dated 1 July 2019, 22 July 2019, 16August 2019, 10 September 2019 and 26 September 2019 respectively in respect of the Subscription Agreement in relation to (i) subscription for Initial Subscription Shares; and (ii) connected transaction – grant of Option to subscribe for Further Subscription Shares and Convertible Bonds.
The fair market value of the Initial Subscription Shares has been offset against any Subscription to be settled.Under the agreement, the Company issued 337,771 fully paid ordinary shares on 16 December 2021, in satisfaction of a fee payable to the Investor.
The Fee Shares and the Tranche B Initial Subscription Shares are referred to herein as the BMCG Prior Issue Shares.
On 15 March 2023, the Company issued a total of 10,180,472 Shares being 6,708,472 Shares (the Fee Shares) pursuant to Resolution 6 and 3,472,000 Shares (the Tranche B Initial Subscription Shares) pursuant to Resolution 7 to BMCG.
The Share Placement Agreement took up capacity based on the calculations done at the time of execution, being the Fee Shares, the Initial Subscription Shares and the balance of the Subscription Shares of which the February Subscription Shares, the April Subscription Shares and the July Subscription Shares have been issued, leaving 2,867,760 Subscription Shares taking up capacity assuming Resolution 4 has been passed.
The number of Initial Subscription Shares to be issued and the issue price per New Swiber Subscription Share are to be mutually agreed between the Parties and set out in the Definitive Agreements.