Placed Shares definition
Examples of Placed Shares in a sentence
As of the date hereof, the directors of the Company have authority to allot a sufficient number of Ordinary Shares to enable the Company to issue the Placed Shares pursuant to this Agreement and Warrant Shares pursuant to any exercise of the Warrants.
The issuance and sale of the Placed Shares will not obligate the Company or any Subsidiary to issue ADSs and Ordinary Shares or other securities to any Person (other than the Purchasers).
No further approval or authorization of any stockholder, the Board of Directors or others is required for the issuance and sale of the Placed Shares.
The Placed Shares are duly authorized and, when issued and paid for in accordance with this Agreement, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the Company other than restrictions on transfer in the Company’s articles of association or imposed by applicable securities laws.