Placing and Open Offer definition

Placing and Open Offer means the issuance of 8,448,006 new Ordinary Shares at £8.00 per Ordinary Share on 11 December 2015;
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Placing and Open Offer. ’ means a pre emptive open offer to the Company’s existing shareholders and a placing to eligible new investors under which participants may acquire New Ordinary Shares or
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Placing and Open Offer means the issuance of 8,448,006 new Ordinary Shares at £8.00 per Ordinary Share on 11 December 2015; “POI Law” means the Protection of Investors (Bailiwick of Guernsey) Law, 1987;
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Examples of Placing and Open Offer in a sentence

  • The Firm Placed Shares are not subject to clawback and are not part of the Placing and Open Offer.

  • The New Preference Share Issue is conditional upon the Placing and Open Offer Agreement becoming unconditional in accordance with its terms.

  • If cheques or banker’s drafts are presented for payment before the conditions of the Placing and Open Offer are fulfilled, the application monies will be credited to a non-interest bearing account by the Receiving Agent.

  • This includes 238,588,536 Existing Ordinary Shares, 45,474,313 New Ordinary Shares to be issued pursuant to the Firm Placing and 21,689,866 New Ordinary Shares to be issued pursuant to the Placing and Open Offer.

  • The remaining 58,195,342 New Ordinary Shares to be issued in the Placing and Open Offer are being placed with investors subject to claw back to meet applications under the Open Offer.

  • The Open Offer Shares are being offered to Qualifying Shareowners by way of the Placing and Open Offer (representing gross proceeds of £45.9 million at the Issue Price).

  • If demand for New Ordinary Shares from Shareholders and prospective Placees exceeds the number of New Ordinary Shares available in the Placing and Open Offer, the Company may issue up to an additional 35,142,990 New Ordinary Shares at the Offer Price on a non-pre-emptive basis in a separate Additional Placing.

  • If the Placing and Open Offer do not become unconditional, no Open Offer Shares will be issued and all monies will be returned (at the applicant’s sole risk), without payment of interest, to applicants as soon as practicable following the lapse of the Placing and Open Offer.

  • The Directors consider the Firm Placing and Open Offer and the Resolutions to be in the best interests of Shareholders taken as a whole.

  • Accordingly, there will be no Firm Placing and Placing and Open Offer.


More Definitions of Placing and Open Offer

Placing and Open Offer means the placing and open offer of the Open Offer Shares as described in the Prospectus;
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Placing and Open Offer means the Placing and the Open Offer collectively
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Placing and Open Offer means the Placing and the Open Offer collectively;"Placing Shares"77,758,778 New Ordinary Shares (being all of the New Ordinary Sharesother than those to be allotted and issued to CBG, the Committed Shareholders and Group Placees upon taking up their Open Offer Entitlements pursuant to the CBG Irrevocable Undertaking Letter, the Irrevocable Undertaking Letters or irrevocable undertaking entered intoby the Group Placees with UBS);"PRA"Prudential Regulation Authority;"Qualifying Non-CRESTShareholders"Qualifying Shareholders holding Ordinary Shares in certificated form;"Qualifying Shareholders"holders of Existing Ordinary Shares on the shareholder register of theCompany on the Record Date (except for, subject to limited exceptions, Excluded Territories Shareholders);"Recapitalisation Plan"the recapitalisation plan originally announced on 17 June 2013 by theCompany and the Co-operative Group to strengthen the Company's capital base;"Record Date"6.00 p.m. on 8 May 2014"Relationship Agreement"the agreement between the Company, the Co-operative Group and CBG,dated 4 November 2013, which regulates the basis for the ongoing relationship between the parties thereto;"Resolutions"the resolutions to be proposed at the General Meeting to be set out in theCircular;"Shareholder"a holder of an Ordinary Share;"Silver Point"SP Coop Investment, Ltd. (Cayman);"SME"small and medium-sized enterprises;"UBS Investment Bank" or"UBS" "Unconditional Time"" "Variation and Director Appointment Deed"UBS Limited; means 7.00 a.m. on the first Business Day following the date of the General Meeting; a deed of variation and director appointment entered into between CBG, the Company and the Co-operative Group Limited on 9 May 2014;
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Related to Placing and Open Offer

  • Shelf Underwritten Offering shall have the meaning given in subsection 2.1.3.

  • Underwritten Offering means a Registration in which securities of the Company are sold to an Underwriter in a firm commitment underwriting for distribution to the public.

  • Pending Underwritten Offering means, with respect to any Holder forfeiting its rights pursuant to this Section 4.5(l), any underwritten offering of Registrable Securities in which such Holder has advised the Company of its intent to register its Registrable Securities either pursuant to Section 4.5(a)(ii) or 4.5(a)(iv) prior to the date of such Holder’s forfeiture.

  • Underwritten Offering Notice has the meaning set forth in Section 2(b).

  • Marketed Underwritten Offering means any Underwritten Offering (including a Marketed Underwritten Shelf Take-Down, but, for the avoidance of doubt, not including any Shelf Take-Down that is not a Marketed Underwritten Shelf Take-Down) that involves a customary “road show” (including an “electronic road show”) or other substantial marketing effort by the Company and the underwriters over a period of at least 48 hours.

  • Final Offer means the offer on which a resource was dispatched by the Office of the Interconnection for a particular clock hour for the Operating Day.

  • Minimum Initial Subscription means such greater or lesser amount as may be

  • Initial Offer means the initial offer of Participating Shares in a Fund as set out in the applicable Supplement;

  • ERISA-Qualifying Underwriting A best efforts or firm commitment underwriting or private placement that meets the requirements of an Underwriter’s Exemption.

  • Sell-Off Period has the meaning set forth in Section 11.6(a) hereof.

  • Credit transaction means any transaction by the terms of which the repayment of money loaned or loan commitment made, or payment for goods, services, or properties sold or leased, is to be made at a future date or dates.

  • Pro Rata Extension Offers shall have the meaning assigned to such term in Section 2.21(e).

  • Minimum Participation Requirements means a set of minimum training, risk management, communication and capital or collateral requirements required for Participants in the PJM Markets, as set forth herein and in the Form of Annual Certification set forth as Tariff, Attachment Q, Appendix 1. Participants transacting in FTRs in certain circumstances will be required to demonstrate additional risk management procedures and controls as further set forth in the Annual Certification found in Tariff, Attachment Q, Appendix 1.

  • Minimum Transaction Size means the minimum value of subsequent subscriptions,

  • Loan Modification Offer has the meaning specified in Section 2.24(a).

  • Extension Offer has the meaning specified in Section 2.15(a).

  • Initial Offer Price means the initial price payable for a Share as specified in the relevant Supplement for each Fund.

  • Subscription Offering means the offering of the Conversion Stock to Participants.

  • Payoff Period For the first Distribution Date, the period from the Cut-Off Date through November 14, 2005, inclusive; and for any Distribution Date thereafter, the period from the 15th day of the Prior Period through the 14th day of the month of such Distribution Date, inclusive.

  • TERMINATION OF THE INITIAL PUBLIC OFFERING means the earlier of (i) the date on which the Initial Public Offering expires or is terminated by the Company or (ii) the date on which all shares of stock offered in the Initial Public Offering are sold, excluding warrants, if any, offered thereunder and shares that may be acquired upon exercise of such warrants and shares offered thereunder that may be acquired pursuant to the Reinvestment Plan.

  • Proposed Transaction is defined in Section 6.2(a).

  • Reference Interconnection Offer or “RIO” means a document published by a service provider specifying terms and conditions on which the other service provider may seek interconnection with such service provider;

  • Qualified Initial Public Offering means a public offering of the securities of Parent pursuant to an effective registration statement filed under the Securities Act, that is fully underwritten pursuant to a firm commitment contract and with respect to which the product of (a) the price to the public per share multiplied by (b) the aggregate number of offered shares will yield Net Offering Proceeds of at least $50,000,000.

  • Best and Final Offer means a revision to an Offer submitted after negotiations are completed that contains the Offeror’s most favorable terms for price, service, and products to be delivered. Sometimes referred to as a Final Proposal Revision.

  • Credit Underwriter means the independent contractor under contract with the Corporation having the responsibility for providing Credit Underwriting services.

  • Market Making means the continuous tender of two-way quotes by a Market Maker i.e. Bid Price and Offer Price for the purchase and sale of the equity securities of GC;