Examples of Option to Subscribe in a sentence
Option to Subscribe: The Company has made arrangements for issue and holding of Debentures in either physical or dematerialized form.
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 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.
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.
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.
The decision to exercise the Option to Subscribe represents an investment decision for the Accepting Shareholders and Accepting PCCS Holders that is separate from the decision on whether to accept the Offer, and is subject to various factors, including but not limited to investment objectives of each Accepting Shareholder and Accepting PCCS Holder.
In view of the above, we are of the opinion that the Option to Subscribe may be evaluated as an option to invest in the Offeror Shares with proceeds received from accepting the Offer, based on the respective investment objectives and profiles of each investor.
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 stated in paragraph 8.1 of the Offer Document, the Accepting Shareholders and the Accepting PCCS Holders who wish to exercise the Option to Subscribe may exercise the Option to Subscribe in full or in part, and have the flexibility to choose to subscribe for whole board lots of Offeror Shares and, accordingly, avoid being issued with odd lots of Offeror Shares which may be less liquid than board lots of Offeror Shares.
The principal terms of the Share Transfer Agreement are summarized as follows: Date:20 March 2019Parties:(i) the Company; (ii) the Investor; and (iii) the Target Company.Option to Subscribe for Capital Injection Shares:Upon the occurrence of any one of the following “specific circumstances”, the Company shall be entitled to the Option to Subscribe for Capital Injection Shares to buy back the Capital Injection Shares from the Investor.