Examples of New Tranche in a sentence
If the number of Shares of the New Tranche to be issued on conversion is not an integral number of Shares, the Company may at its discretion issue fractional new Shares or return the surplus arising to the Shareholder seeking to convert Shares of the Original Tranche.
If detailed in the relevant Supplement that a Preliminary Charge is payable on subscription in to the New Tranche, a Preliminary Charge may be payable to the Distributor on conversion of Shares in to the New Tranche.
Otherwise no conversion fees will be charged in respect of any such conversion except in the case of conversion from one currency to another and provided that swing pricing may apply to, the issue of Shares in the New Tranche, or to the redemption of Shares in the Original Tranche.
Shares may be exchanged on a Dealing Day, in both the Original Tranche and the New Tranche, upon notice given not later than the earlier of the Redemption Cut-Off Time for the Original Tranche or the Subscription Cut-Off Time for the New Tranche and be dealt with at the Net Asset Value per Share on the relevant Dealing Day, as set out in the relevant Supplement.
In the event that an exchange request is received after the relevant cut-off times as mentioned above, such request will be effected on the following Dealing Day in both the Original Tranche and the New Tranche.