Examples of Original Shares in a sentence
If a redemption charge is payable in respect of the Original Shares, this may become payable instead of, or as well as, the then prevailing initial charge for the New Shares.
The number of New Shares issued will be determined by reference to the respective prices of New Shares and Original Shares at the Valuation Point applicable at the time the Original Shares are redeemed and the New Shares are issued.
The Original Shares will be redeemed and the New Shares will be issued on the Conversion Day.
However, the right to convert the Original Shares is subject to compliance with any investor eligibility requirements applicable to the New Shares.
Any such charge on switching does not constitute a separate charge payable by a Shareholder, but is rather the application of any redemption charge on the Original Shares and any initial charge on the New Shares, subject to certain waivers.