Examples of Placing Period in a sentence
The Placing On 19 November 2012, PYE entered into a conditional placing agreement with the Placing Agent, pursuant to which the Placing Agent has conditionally agreed, as agent of PYE, to place, on a best-efforts basis, what has provisionally been set as a split of 1,176,470,588 new Shares at the Placing Price (raising aggregate gross proceeds of HK$800 million) and up to HK$2,400 million worth of Convertible Bonds at face value, each within the Placing Period.
If, during the Placing Period, any matter arises which the Directors consider would require disclosure, a supplementary information memorandum will be issued alongside this Listing Document to bring to the attention of potential investors to such matters.
In addition, PYE has granted to the Placing Agent the Upsize Option pursuant to which PYE may be required by the Placing Agent to allot and issue what has provisionally been set as a split of up to an additional 588,235,294 new Shares at the Placing Price (raising aggregate gross proceeds of HK$400 million) and up to HK$1,200 million worth of Convertible Bonds at face value, each, again, within the Placing Period.
Placing Period : The period commencing from the date of the Placing Agreement and terminating on the date falling on the expiration of six (6) months from the date of the Placing Agreement (or such later time and date as the Company and the Placing Agent may agree in writing).
The Placing Agreement cannot be terminated without cause during the entirety of the Placing Period.