Examples of Nominee Shares in a sentence
The Nominee will have the absolute and sole discretion to determine the timing and price at which the Nominee Shares must be sold and the manner of any such sale.
Both the Company and the Nominee take no responsibility for the outcome of the sale of the Nominee Shares.
Pursuant to the arrangement with the Nominee, the Nominee will subscribe for the New Shares which Non-Resident Shareholders would be entitled to if they were eligible to participate in the Offer (Nominee Shares).
Notwithstanding that the Nominee must sell the Nominee Shares, Non-Resident Shareholders may nevertheless receive no net proceeds if the subscription price plus costs of the sale is greater than the sale proceeds.
The Company and the Nominee will not be held liable for a failure to obtain any net proceeds, or for the sale of any the Nominee Shares at any particular price or the timing of such sale.