Promoter Warrants definition

Promoter Warrants means any warrants to be issued by the Company to the

Promoter Warrants means the 57,65,905 (Fifty Seven Lakhs Sixty Five Thousand Nine Hundred and Five) warrants issued to the Subscribing Promoters and in respect of which the Promoter Balance Investment Amount shall be invested by the Subscribing Promoters in accordance with the provisions set out in Article 190of the Amending Articles.

Promoter Warrants means 6,58,690 (Six Lakhs Fifty Eight Thousand Six Hundred and Ninety) fully convertible warrants of the Company issued on the terms and conditions contained in the ADB Investment Agreement.

Examples of Promoter Warrants in a sentence

• The Promoter Warrants are not exercisable until 12 months after the completion of the De-SPAC Transaction as required by the Listing Rules.

• The difference between the fair value of the Conversion Right in the Class B Shares and the Promoter Warrants and the subscription price paid by the Joint Promoters are expensed on a straight-line basis over the vesting period.

• The Promoter Warrants may not be transferred except in the very limited circumstances permitted by the Rules Governing the Listing of Securities on the Stock Exchange (the “Listing Rules”) and subject to compliance with the requirements thereof.

• Furthermore, TEXTSHIELD is currently applied to two real-world tasks.

• Upon the completion of the Listing, the Company has issued 25,016,250 of Class B Shares and 39,000,000 of Promoter Warrants at the aggregated subscription price of HK$6,000 and HK$39,000,000 respectively.

• Upon the Listing, the Company has issued 25,025,000 of Class B Shares and 35,000,000 of Promoter Warrants at the aggregated subscription price of HK$195,000 and HK$35,000,000 respectively.

• The contractual life of the Promoter Warrants is used as an input into this model.

• The terms of the Successor Company Promoter Warrants are identical to those of the Successor Company Listed Warrants, including with respect to the warrant exercise and redemption provisions, except that the Successor Company Promoter Warrants (i) will not be listed, and (ii) are not exercisable until 12 months after the date of Closing as required by the Listing Rules.

• The Promoter Warrants are exercisable 12 months after the completion of the De-SPAC transaction.

• The length of period approximately equals to the expected time to maturity of the Promoter Warrants as of the Listing Date, sourced from Bloomberg.

More Definitions of Promoter Warrants

Promoter Warrants means the agreed number of warrants subscribed to by the Promoter Group in terms of the Definitive Agreements;

Promoter Warrants means the aggregate of 7,63,359 (Seven lakhs sixty three thousand three hundred and fifty nine) optionally convertible share warrants of the Company to be issued by the Company to the Promoter Allottee, each of which Promoter Warrant shall be optionally convertible into one Equity Share at the Promoter Warrant Exercise Price on or prior to the expiry of the Conversion Period subject to the terms of the Share Subscription Agreement;

Promoter Warrants means the warrants subscribed to by the Promoter in accordance with the terms and conditions of the Board resolution dated December 8, 2012;