Nil Paid Rights definition

Nil Paid Rights means the New Shares in nil paid form provisionally allotted to Qualifying Shareholders in connection with the Rights Issue;

Nil Paid Rights means the Rights Shares in nil-paid form provisionally allotted to Qualifying Shareholders in connection with the Rights Issue;

Nil Paid Rights means nil paid rights to subscribe for Rights Issue Units;

Examples of Nil Paid Rights in a sentence

• Dealings in the Nil Paid Rights are expected to take place from [Monday], [24 June] 2024 to [Tuesday], [2 July] 2024 (both days inclusive).

• All fractions of Rights Shares will be aggregated (and the Rights Shares rounded down to the nearest whole number) and all Nil Paid Rights arising from such aggregation will be provisionally allotted (in nil-paid form) to the Sole Global Coordinator, and will be sold in the market on behalf of the Company if a premium (net of expenses) can be obtained, with the Company retaining the proceeds for its own benefit.

• The Company will provisionally allot [2] Nil Paid Rights for every [5] Shares held by each Qualifying Shareholder on the Record Date.

• The Subscription Price for the Rights Shares will be HK$[2.62] per Rights Share, payable in full by a Qualifying Shareholder upon acceptance of the relevant provisional allotment of Rights Shares or, where applicable, upon application for excess Rights Shares under the Rights Issue or when a renouncee of any provisional allotment of the Rights Shares, or when a transferee of Nil Paid Rights applies for the relevant Rights Shares.

• Arrangements will be made for the Rights Shares which would otherwise have been provisionally allotted to the Non-Qualifying Shareholders, had they been Qualifying Shareholders, will be sold in the market in their nil-paid form after dealings in the Nil Paid Rights commence on HKEX and in any event before the last day of dealings in Nil Paid Rights, if a premium (net of expenses) can be obtained.

More Definitions of Nil Paid Rights

Nil Paid Rights means nil-paid rights in respect of New Shares;

Nil Paid Rights. ’ means the rights to acquire New Ordinary Shares, nil paid;

Nil Paid Rights. (ISIN:[INSERT ISIN]) means rights to subscribe for Shares;

Nil Paid Rights rights to acquire Rights Issue Shares, nil paid;

Nil Paid Rights means that you will receive the right to subscribe for the Rights Shares personally allotted to you “free of cost”. In order to get the Rights Shares you will have to pay for them at J$6.95 per Rights Share.

Nil Paid Rights means the Right Shares in nil-paid form to be provisionally allotted to

Nil Paid Rights the New Ordinary Shares in nil paid form provisionally allotted to Qualifying Holders in connection with the Rights Issue;