Examples of Placing Proceeds in a sentence
The Company is currently in process of exploring potential locations and in continuing negotiations with various landlords for the relocation and restaurant openings.The Company intends to continue to apply the IPO Proceeds and November Placing Proceeds in the manner consistent with that mentioned above.
As to the remaining Placing Proceeds, as at 31 December 2019, (i) approximately HK$9.2 million was used for repayment of debts; and (ii) approximately HK$4.8 million was used for general working capital of the Group.
The CGFL Entities will provide a security interest in favour of the Trustee over the Customer Loans originated utilising the Placing Proceeds advanced to it under the Loan Facility, receivables payable under those Customer Loans and any bank account into which the Placing Proceeds and receipts generated by the Customer Loans are to be paid.
Pending investment, the Placing Proceeds will be held in cash or near cash investments.
Inclusion control is the key to the production of high clean or ultra high clean steel.
The New CB under the CB Subscription will be issued under the Specific Mandate.The subscription price of the New CB, which shall be equivalent to the principal amount of the New CB, shall be settled and discharged by the Gross Placing Proceeds which shall, at completion of the CB Subscription, be remitted to the Company directly.
The Directors intend to use the Net Placing Proceeds (if any) to acquire investments in accordance with the Company’s investment objective and investment policy.Application has been made to the London Stock Exchange for the C Shares to be issued pursuant to the Placing to be admitted to trading on the Specialist Fund Segment.Subject to suitable investment opportunities arising, the Company expects to have deployed at least two-thirds of the Net Placing Proceeds by the end of the Investment Period.
To the extent that the Company is not able to participate in any planned investments after a Placing (which the Directors do not expect to be the case), the Net Placing Proceeds from such Placing may be invested in other assets that the Investment Manager believes offer attractive returns to the Company and that fall within the Investment Objective and Policy.
It is possible, therefore, that for a period following each Programme Admission and at certain other times, the Company will have cash awaiting investment, although the Directors and the Investment Manager are confident that the Placing Proceeds of each Placing will be invested promptly such that no more than ten per cent.
The Directors intend to use the Net Placing Proceeds (if any) to acquire investments in accordance with the Company’s investment objective and investment policy, as set out in paragraph 2 above.Subject to suitable investment opportunities arising, the Net Placing Proceeds are intended to be at least two-thirds invested by the end of the Investment Period.