Examples of New Arcapita Shareholder Warrants in a sentence
As described above, the Transferring Shareholder Warrants, together with the Subordinated Claim Warrants, constitute the New Arcapita Shareholder Warrants.
The Subordinated Claim Warrants, together with the Transferring Shareholder Warrants described below, constitute the New Arcapita Shareholder Warrants.
The New Arcapita Creditor Warrants will expire ten years after the Effective Date of the Plan, will be subject to customary anti-dilution adjustments (except for dilution relative to the New Arcapita Shareholder Warrants) and will bear an exercise price of one one-hundredth of a cent ($0.0001) per share.
The percentage of New Arcapita Shareholder Warrants available for distribution to Holders of Subordinated Claims against Arcapita Bank is calculated by dividing (i) the aggregate amount of Allowed Subordinated Claims against Arcapita Bank, by(ii) the aggregate amount of Allowed Subordinated Claims against Arcapita Bank plus $1,634,446,889.
In the aggregate, the New Arcapita Creditor Warrants will entitle the holders thereof to purchase up to 47.5% of the New Arcapita Ordinary Shares, subject to potential dilution by the New Arcapita Shareholder Warrants.
The New Arcapita Shareholder Warrants (together with the New Arcapita Creditor Warrants, the “New Arcapita Warrants”), if issued, will be issued by New Arcapita Topco and distributed to Holders of Allowed Subordinated Claims against Arcapita Bank and Transferring Shareholders.
This equity ownership, which is subject to dilution by the New Arcapita Shareholder Warrants, is intended to provide such Creditors with an equitable allocation of future upside potential of the Reorganized Arcapita Group as compensation for the delay and risk associated with such Creditors’ investment in the Debtors and their reorganization.
The New Arcapita Shareholder Warrants will have the same terms as the New Arcapita Creditor Warrants.
The New Arcapita Ordinary Shares are subject to dilution and adjustment from time to time upon the exercise of the New Arcapita Creditor Warrants and the New Arcapita Shareholder Warrants (if issued) occurring after the Effective Date.The New Arcapita Creditor Warrants issued by New Arcapita Topco will be distributed to Holders of Allowed General Unsecured Claims, Allowed Syndicated Facility Claims and Allowed Arcsukuk Claims against AIHL.
The percentage of New Arcapita Shareholder Warrants available for distribution to Transferring Shareholders is calculated by dividing (i) $1,634,446,889, by (ii) the aggregate amount of Allowed Subordinated Claims against Arcapita Bankplus $1,634,446,889.