Maximum Discount to Market Price definition

Maximum Discount to Market Price means the closing market price on the day preceding the date on which the Listed Issuer issues a press release announcing a transaction or Files for price reservation, less a discount of 20%.
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Examples of Maximum Discount to Market Price in a sentence

  • Subject to section 10.10 of this Listing Manual, the private placement must not be priced lower than the Maximum Discount to Market Price.

  • AfDB, IFAD, BMGF, ACIAR, DFID, USAID, Netherlands, Italy, DANIDA, NORAD, CIDA, IRDC, BMZ, JICA - DANIDA, BMZ, ACIAR and IFAD preferred to make contributions through TBAs. Ghana, Nigeria, South Africa and Uganda have supported FARA in the form of one-time contributions.

  • Securities issued pursuant to a reverse take-over transaction will be subject to the Maximum Discount to Market Price, minimum pricing and other requirements detailed in sections 7.04 and 7.05 of this Listing Manual.

  • Securities may be issued as full or partial consideration at not less than the Maximum Discount to Market Price.

  • Subject to section 10.13(2), security holder approval is required where securities offered by way of rights offering are offered at a price greater than the Maximum Discount to Market Price.

  • Subject to section 10.14(2), security holder approval is required where securities offered by way of rights offering are offered at a price greater than the Maximum Discount to Market Price.

  • Subject to section 10.14 13(2), security holder approval is required where securities offered by way of rights offering are offered at a price greater than the Maximum Discount to Market Price.

Related to Maximum Discount to Market Price

  • Reset Price means the greater of (i) 50% of the Initial Exercise Price (as adjusted for share splits, share dividends, recapitalizations and similar events pursuant to Section 3(a) hereof) and (ii) 100% of the lowest VWAP occurring on any day between the Initial Exercise Date and ninety (90) calendar days following the Issuance Date; provided that the Reset Price shall in no event be less than a floor price of 50% of the Initial Exercise Price.

  • Maximum Daily Limit means the maximum allowable "Daily Concentration" (defined above) when expressed as a concentration (e.g. mg/l), otherwise, it means the maximum allowable "Daily Quantity" as defined above, unless it is expressed as a flow quantity. If expressed as a flow quantity it means "Maximum Daily Flow" as defined in Section 22a-430-3(a) of the RCSA.