Examples of Original Conversion Price in a sentence
New Debentures mature three years from the Effective Date in amount of $400, bear interest at a rate of 8% per year and are only convertible into shares of Common Stock, at an original conversion price of $0.3740; provided, however, that such Original Conversion Price was to be adjusted downward in the event of a Dilutive Event.
The conversion price in effect on any Conversion Date shall be equal to the lesser of the Original Conversion Price or 85% of the lowest daily VWAP in the fifteen (15) trading days prior to the Conversion Date (“Conversion Price”).
The conversion price in effect on any Conversion Date shall be equal to the lesser of the Original Conversion Price or 83.5% of the average of the three (3) lowest daily VWAPs in the fifteen (15) trading days prior to the Conversion Date (“Conversion Price”).
Shareholders and other investors or potential investors are advised to refer to the Company’s dated 6 May 2010 for a summary of the principal terms of the Original Bond Conditions.Up to the date of this announcement, the Company and CSOP have been in negotiation on the possible adjustment to the Original Conversion Price, but no conclusion has so far been made as to such possible change.
Pursuant to the Adjustment, the Original Conversion Price was revised to S$0.0567.