Promoter Shares definition

Promoter Shares means equity Shares which are issued and or acquired by the Promoter at any point of time under or pursuant to the terms of this Agreement, including without limitation, Promoter Subscription Shares, any additional or further Shares and all shares arising from or connected to any Shares pursuant to any reorganisation, in each case, so long as such shares are held by Promoter;
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Promoter Shares means 20 (Twenty) equity shares issued by the Company on the terms and conditions set forth in Article 113 hereto;
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Promoter Shares means the Shares of the Company owned by the Promoters.
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Examples of Promoter Shares in a sentence

  • Avendus and KVL by way of the joint consent letter dated March 4, 2021 and Placid by way of its consent letter dated March 4, 2021 (collectively, the “Consent Letters”), have consented for a temporary release on the pledge on Promoter Shares on the Issue Closing Date subject to certain conditions stated in the Consent Letters.

  • Notwithstanding anything stated above, the Investor shall be entitled to assign its rights and obligations hereunder, including its rights over the pledge of Promoter Shares, to any of its Affiliates or its holding company or ultimate parent company or their Affiliates, without the consent of the other Parties.

  • This represents the subscription price of the Joint Promoter Shares payable by the Joint Promoters, which is a financial asset of the Company.

  • Depending on the response to the Open Offer, the WestBridge Shares to be transferred to the Acquirer in accordance with the SPA 2 may stand reduced up to a maximum of 4.3% of the Paid Up Share Capital and the Promoter Shares to be transferred to the Acquirer in accordance with SPA 1 may stand reduced by a maximum of up to 1.7% of the Paid Up Share Capital.

  • In terms of the Consent Letters, the Promoter Shares are required to be repledged with the respective lenders immediately and not later than the date of listing and trading of the Equity Shares Allotted in the Issue.

  • Upon completion of the acquisition of the Promoter Shares, the remaining nominee director of the Promotersi.e. either Mr. Mohit Jain or Mr. Rohan Jain, as the case may be, will resign as a director of the Target Company.

  • The sale shall occur simultaneously with the acquisition of Promoter Shares in terms of SPA 1.

  • Through an amendment expected to be introduced to the Company’s memorandum and articles of association upon the completion of the Proposed [REDACTED], a conversion right (the ‘‘Conversion Right’’) would be introduced to the Promoter Shares such that they would become convertible into Class A Shares concurrently with or following the completion of the De-SPAC transaction on a one-for-one basis, assuming [REDACTED] Class A Shares at a price of HK$[REDACTED] per share will be issued upon listing.

  • The average cost of acquisition of Equity Shares for the Promoters is as follows: Name of Promoter* Shares acquired upon conversion of LLP into the Company and by way of bonus shares issued out of free reserves.

  • The fair value of services received in return for the Grants granted, which includes the Promoter Warrants and the Conversion Rights in the Promoter Shares, is measured by reference to the fair value of the Grants granted.


More Definitions of Promoter Shares

Promoter Shares means Equity Shares, Convertible Instruments and other Securities held by the Promoters from time to time;
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Related to Promoter Shares

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Equity Shares shall have the meaning attributed to such term in the recitals of this Agreement;

  • Stockholder Shares means all securities of the Company registered in the name of, or Beneficially Owned by the Stockholder Parties, including any and all securities of the Company acquired and held in such capacity subsequent to the date hereof.

  • Subco Shares means the common shares in the capital of Subco;

  • Amalco Shares means the common shares in the capital of Amalco;

  • Sponsor Shares shall have the meaning given in the Recitals hereto.

  • New Shares means ordinary or common shares, whether of the entity or person (other than the Share Issuer) involved in the Merger Event or a third party, that are, or that as of the Merger Date are promptly scheduled to be, (i) publicly quoted, traded or listed on an exchange or quotation system located in the same country as the Exchange (or, where the Exchange is within the European Union, in any member of state of the European Union) or on another exchange acceptable to the Issuer and (ii) not subject to any currency exchange controls, trading restrictions or other trading limitations.

  • Management Shares means a management share in the capital of the ICAV which shall have the right to receive an amount not to exceed the consideration period for such Management Share.

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Covered Shares means, with respect to the Shareholder, (i) the Existing Shares, together with (ii) any shares of Common Stock or other voting capital stock of the Company and any securities convertible into or exercisable or exchangeable for shares of Common Stock or other voting capital stock of the Company, in each case under this clause (ii) that such Shareholder acquires Beneficial Ownership of on or after the date hereof.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Subscriber Shares means the Shares which the subscribers to the Instrument of the ICAV agree to subscribe for as more particularly hereinafter set forth after their names.

  • Investor Shares shall have the meaning given in the Recitals hereto.

  • Newco Shares means the common shares in the capital of Newco;

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Founders’ Shares means 1,000 shares with a par value of $1 per share, 500 of which were issued to MACRO Securities Depositor, LLC and 500 of which were issued to Claymore Securities, Inc., in exchange for the Initial Deposit.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • ASA Shares has the meaning set forth in 2.4(a).

  • Sale Shares means [Insert total number of shares of the Company] Shares, representing 100 percent of the total issued, subscribed and fully paid-up equity share capital of the Company held by the Shares Seller and Nominees as more particularly described in Annexure A attached hereto;

  • Company Securities has the meaning set forth in Section 3.02(b)(ii).

  • Other Shares means at any time those shares of Common Stock which do not constitute Primary Shares or Registrable Shares.

  • Acquired Shares has the meaning set forth in the Recitals.

  • Transferred Shares means all or any portion of a Member’s Shares that the Member seeks to Transfer.

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.