Examples of Offeree Shares in a sentence
Further, following the Final Offer becoming, or being declared, unconditional in all respects and until the admission to listing of the Offeree Shares on the Official List and to trading on the London Stock Exchange is cancelled and the Offeree is re-registered as a private company, the Offeree Shares in relation to which the Final Offer has not been accepted shall only represent at most approximately 17.4 per cent.
The Final Offer (which includes the Special Dividend) is also higher than the price at which Offeree Shares have closed on any day in the 10 years prior to the announcement of the Possible Offer on 9 October 2017.Given the CDL Group owns approximately 65.20 per cent.
The Shareholder represents, warrants and undertakes that the Offeree Shares are (i) held by it in the capacity of an investment manager with discretion to exercise (or procure the exercise of) voting rights attached to such Shares and transact purchases and sales of Shares on behalf of its client(s); (ii) free and clear of any lien, charge, mortgage, encumbrance or any third party rights whatsoever; and (iii) have been properly allotted and issued and fully paid up.
Pursuant to Rule 30.2 of the Takeovers Code, the Offer is required to be conditional on the Offeror having received acceptances in respect of the Offeree Shares which, together with the Offeree Shares acquired or agreed to be acquired before or during the Offer, result in the Offeror and persons acting in concert with the Offeror holding more than 50% of the voting rights of the Offeree Company.
The minimum number of Offeree Shares that will be capable of being converted into an integral number of FDG Shares will be 5 Offeree Shares, which will be exchangeable for an Exchange CB principal amount of HK$8.50 and will be convertible using the initial conversion price into 17 FDG Shares.