Examples of Option Proposal in a sentence
The Option Proposal is subject to and conditional upon the Scheme becoming effective and binding.
Each of the Share Offer Price, the Option Offer Price, the Possible MGO Share Offer Price and the Possible MGO Option Offer Price represents the best and final offer price in respect of the Share Proposal, the Option Proposal, the Possible MGO Share Offer and the Possible MGO Option Offer, respectively.
The implementation of the Option Proposal is conditional upon the Share Proposal becoming effective and binding.
The Option Proposal is conditional upon the Scheme becoming effective and binding.
The Option Proposal is conditional on the Share Proposal becoming effective and binding.
Option Forms of Acceptance, duly completed in accordance with the instructions on them, must be lodged with TOM at its principal place of business in Hong Kong at 48th Floor, The Center, 99 Queen’s Road Central, Central, Hong Kong not later than 4:30 p.m. (Hong Kong time) on Friday, 31 August 2007 (or such later date as may be notified by Goldman Sachs or TOM), failing which the Optionholders will not receive any Option Proposal Price.
In the Joint Announcement it was announced that the Offeror requested the Board to put forward the Share Proposal to the Scheme Shareholders for cancellation of the Scheme Shares to effect the privatisation of the Company by way of a scheme of arrangement under Section 99 of the Companies Act and informed the Board that it will make the Option Proposal to Optionholders for the cancellation of Outstanding Options in exchange for cash.
Option Forms of Acceptance, duly completed in accordance with the instructions on them, must be lodged with the Offeror at c/o HTIL, 20th Floor, Hutchison Telecom Tower, 99 Cheung Fai Road, Tsing Yi, New Territories, Hong Kong not later than 4:00 p.m. on Monday, 24 May 2010 (or such later date as may be notified by Goldman Sachs or the Offeror), failing which the HTIL Optionholders will not receive any Option Proposal Price.
Options which are not exercised in accordance with the terms of the Share Option Scheme and in relation to which the Option Proposal is not accepted will lapse, subject to and conditional upon the Scheme becoming effective.
The Option Proposal Price in respect of the unvested Outstanding TOM Online Share Options is at a nominal sum of HK$0.01 because the relevant share options are unvested and not exercisable and will, without the Option Proposal, lapse upon the Scheme becoming effective.