Examples of Option to Subscribe in a sentence
The documentation required for submission will be logbook and personal evaluation of professional experience and selected project/technical case studies.
Details relating to the Offeror Shares to be issued and/or transferred pursuant to the valid exercise of the Shares Option to Subscribe by Accepting Shareholders are set out in paragraph 8.3 of the Offer Document.
As the Company does not need to pay any premium for the grant of the Option to Subscribe for Capital Injection Shares, the transaction in relation to the grant of the Option to Subscribe for Capital Injection Shares to the Company does not constitute a notifiable transaction of the Company.
As at the Latest Practicable Date, there is no specified grant date for the Option to Subscribe and hence there is no visibility on the spot price of the Offeror Shares during the OTS Exercise Period.
As such, the Black-Scholes option-pricing model is not relevant as the Accepting Shareholder or Accepting PCCS Holder who is granted such an option would not be able to monetize the Option to Subscribe in the open market.
Accepting Shareholders and the Accepting PCCS Holders who wish to remain invested in the long-term prospects of the SIA Group and share in the future of Tiger Airways through a stake in SIA can, subject to the Offer becoming or being declared to be unconditional in all respects in accordance with its terms, exercise the Option to Subscribe.
We also note that the number of Offeror Shares which the Accepting Shareholder or Accepting PCCS Holder may subscribe for pursuant to the Option to Subscribe will be rounded down to the nearest whole Offeror Share.
Investors may not be able to realize value immediately upon exercise of Option to Subscribe when the prevailing market price of the Offeror Share is below Subscription Price, as such investors can purchase the Offeror Shares at a lower price on market.
Theoretical Realizable Value Analysis We have evaluated the Option to Subscribe based on a theoretical realizable value of the offer proceeds which is illustrated in the section below.
Illustrative Realizable Value Analysis Accepting Shareholders and Accepting PCCS Holders who are granted the Option to Subscribe may realize its value only through sale of the subscribed Offeror Shares received upon exercise of the Option to Subscribe.