Examples of Investor Placing in a sentence
The Group funds its day-to-day cash requirements from existing cash reserves and drawdowns from the Investor Placing Agreement, which are subject to certain conditions as described in note 18.
The Directors (including the independent non-executive Directors) consider that the terms of the Strategic Investor Placing Agreement are fair and reasonable and that the entering into of the Strategic Investor Placing Agreement is on normal commercial terms and in the ordinary and usual course of business of the Group and in the interests of the Company and its shareholders as a whole.
IMPLICATIONS UNDER THE LISTING RULES Given that one or more of the applicable percentage ratios are more than 5% but all are less than 25%, the entering into of the Strategic Investor Placing Agreement and the Subscription contemplated thereunder constitute a discloseable transaction of the Company and accordingly, is subject to announcement and reporting requirements but is exempt from shareholders’ approval requirement under Chapter 14 of the Listing Rules.
On 25 May 2021, Beijing Shouyuan, an indirect wholly-owned subsidiary of the Company, entered into the Strategic Investor Placing Agreement with CICC Fund, pursuant to which Beijing Shouyuan, as strategic investor, has agreed to subscribe for the Subscription Fund Units at the Subscription Amount (the “Subscription”).
The Strategic Investor Placing Agreement The Company has entered into the Strategic Investor Placing Agreement on 4 October 2000 with Vodafone, under which Vodafone has agreed to subscribe for, as part of the Share Offering, Shares with an aggregate subscription price of US$2,500 million (equivalent to approximately HK$19,490 million) at the offering price in the Share Offering.
The Company signed the Strategic Investor Placing Agreement of CICC Anhui Transportation Holding Expressway Closed-end Infrastructure Securities Investment Fund with CICC Fund Management Co., Ltd., the fund manager, to subscribe for the fund shares of the infrastructure fund at a proportion of 3.89% of the total issued shares.
BACKSTOP SUBSCRIPTION OBLIGATION 3.1 Each Back Stop Party hereby severally, and neither jointly, nor jointly and severally, undertakes to the Company to subscribe for itself (in its own name or as it may direct, provided that the subscription is compliant with the Whitewash Resolution) its Relevant Percentage of: (a) the Remaining Creditor Placing Shares; and (b) the Remaining Investor Placing Shares, in each case, at the Placing Price.
Alhoewel ik niet al zijn conclusies deel (“Gewassen vlees is vooral een historische roman: zijn hoofdpersoon karakteriseert een tijdperk.”) is Kralts analyse en interpretatie uitstekend.
On 3 April 2023 the Company issued 6,500,000 shares with a nominal value of £97,000 as part of the Investor Placing Agreement detailed in note 18.
The Group funds its day-to-day cash requirements from existing cash reserves, grant funding and drawdowns from the Investor Placing Agreement, which are subject to certain conditions as described in note 18.