Examples of Mogo Shares in a sentence
In no event shall any holder of Mogo Shares be entitled to a fractional Difference Share.
Purchaser shall not take any action that would cause, or fail to use commercially reasonable efforts to prevent, the Consideration Shares not being freely tradable Mogo Shares.
Any certificate or book-entry advice statements which immediately prior to the Effective Time represented outstanding Mogo Shares that were exchanged pursuant to Section 2.4(c)(i) and not deposited, with all other instruments required by Section 4.1 on or prior to the sixth anniversary of the Effective Date shall cease to represent a claim or interest of any kind or nature as a shareholder of Difference or as a former shareholder of Mogo.
The Purchaser shall cause the Consideration Shares to be issued and delivered by the Purchaser to the Vendor pursuant to this Agreement to be (i) issued and posted on the TSX and NASDAQ as free-trading Mogo Shares and (ii) freely tradable by Vendor without restriction, in each case, as of their date of issuance.
The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original indenture and signature pages for all purposes.
If the Arrangement does not proceed for any reason, any certificate(s)/DRS Advice Statement(s) for Mogo Shares received by the Depositary will be returned to you forthwith in accordance with your delivery instructions in Box “C” on this Letter of Transmittal, or failing such address being specified, to the undersigned at the last address of the undersigned as it appears on the securities register of Mogo.
The Consideration represents an aggregate equity value, on a fully-diluted-in-the-money basis of approximately C$110 million1 for Mogo and represents approximately a 43% premium to the closing traded price of the Mogo Shares on the Toronto Stock Exchange (the "TSX"), and approximately a 38% premium to the 20-day volume weighted average trading price of Mogo’s common shares on the TSX, each as of April 12, 2019.
An investment in Mogo Shares involves significant risks, which should be carefully considered by Shareholders.
This Letter of Transmittal, properly completed and duly executed, together with all other documents and instruments referred to in this Letter of Transmittal or reasonably requested by the Depositary, must accompany all certificates or DRS Advice Statements representing Mogo Shares deposited for payment pursuant to the Arrangement.
As of December 31, 2018, Mr. Wekerle holds an aggregate of 2,550,972 Mogo Shares directly and the Company holds 2,449,163 Mogo Shares.