Placing Programme definition
Examples of Placing Programme in a sentence
The costs and expenses of any issue of C Shares under the Placing Programme will be paid out of the gross proceeds of such issue and will be borne by holders of C Shares only.
The Placing Programme is intended to satisfy market demand for the Ordinary Shares and to raise further money for investment in accordance with the Company’s investment policy.
Details of any ZDP Shares to be issued pursuant to the ZDP Placing Programme (including the issue price of such ZDP Shares, which shall be calculated by reference to the: (i) prevailing NAV per ZDP Share; (ii) the costs of such Subsequent ZDP Placing; and (iii) prevailing market conditions) shall be determined by the ZDP Directors at their sole and absolute discretion and announced to the market by an RIS in due course.
Such investors may wish to consult an independent financial adviser who specialises in advising on the acquisition of shares and other securities before investing in Ordinary Shares issued under the Placing Programme.
The Placing Programme is flexible and may have a number of closing dates (each an “Interim Closing Date”) in order to provide the Company with the ability to issue Placing Shares as and when it deems appropriate over a period of time.
The issue of New Shares pursuant to the Placing Programme is at the discretion of the Directors.
The allotment and issue of Placing Shares under the Placing Programme is at the discretion of the Directors, and may take place at any time prior to the Final Closing Date.
The terms and conditions which shall apply to any subscription for Ordinary Shares pursuant to the Placing Programme are contained in Part 8 of this Prospectus.
C Shares (if any) issued pursuant to the Placing Programme will be issued at 100 pence per C Share.
A sale of all or any of such Ordinary Shares shall not release the relevant Placee from the obligation to make such payment for relevant Ordinary Shares to the extent that Investec or its nominee has failed to sell such Ordinary Shares at a consideration which, after deduction of the expenses of such sale and payment of stamp duty and/or stamp duty reserve tax as aforementioned, exceeds the Issue Price or the applicable Placing Programme Price per Ordinary Share.