Examples of Investor Subscription in a sentence
Fees (the “Processing Fees”) calculated as 2.9% of Offering Proceeds and further $0.30 per each Investor Subscription shall be charged by Vested and/or its third-party payment processor and be automatically deducted from the Offering Proceeds.
The Promoter has agreed to become a party to the Investment Agreement on the request of the Target Company in order to enable the Target Company to raise funds by issuing the Investor Subscription Securities.
The Subscription Shares and the Warrants and Equity Shares to be issued to the Acquirer on exercise of 7,057,195 Warrants (in accordance with the provisions of the Investment Agreement) are referred to as the “ Investor Subscription Securities”.
In-principle approval from the Stock Exchanges to the issuance of the Investor Subscription Securities.
In terms of Regulation 22(2) and the proviso to Regulation 22(2A) of the SEBI (SAST) Regulations, the Acquirer has deposited in the Escrow Account, cash of an amount equal to the entire Maximum Open Offer Consideration and has completed the subscription of the Investor Subscription Securities pursuant to the Investment Agreement.
The statutory approvals from (a) The CCI has been received on 15 July 2020 (b) the SEC has been granted to the Acquirer on 16 July 2020 and (c) In principle approval from the Stock Exchanges to the issuance of the Investor Subscription Securities was obtained from the BSE on June 12, 2020 and NSE on June 4, 2020.
The Underlying Transaction contemplated under the Investment Agreement was completed on 28 July, 2020 and the Investor Subscription Securities were issued and allotted to the Acquirer.
The statutory approvals from (a) The CCI has been received on July 15, 2020 (b) the SEC has been granted to the Acquirer on July 16, 2020 (c) In principle approval from the Stock Exchanges to the issuance of the Investor Subscription Securities was obtained from the BSE on June 12, 2020 and NSE on June 4, 2020.
On 8 August 2017, Epoch Keen Limited entered into a share charge with Huarong pursuant to which Epoch Keen Limited charged 278,000,000 shares in favour of the Huarong as security for the payment and discharge of obligations owing from the Company to the Investor pursuant to, amongst others, the Investor Subscription Agreement and the convertible bonds.
As the Investor Subscription and the issue of the Convertible Bonds may or may not proceed, Shareholders and potential investors are advised to exercise caution when dealing in the Shares.