Public Float Requirement definition

Public Float Requirement means the requirement under the Listing Rules applicable to the Company that not less than a specified percentage of the shares which are listed on the Exchange shall be held by the public for the purpose of the Listing Rules;

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Public Float Requirement means the requirement under the Listing Rules

Public Float Requirement the public float requirement under Rule 8.08 of the Listing Rules;

Examples of Public Float Requirement in a sentence

• The Company shall within the next Business Day after its receipt of the aforesaid notice respond to the Bondholder concerned in writing whether the proposed allotment and issue of the Conversion Shares would result in a breach of the Public Float Requirement.

• For avoidance of doubt, the Underwriter will not take up all of the Unsubscribed Rights Shares and the NQS Unsold Rights Shares if as a result of which the Company will fall below the minimum Public Float Requirement upon completion of the Rights Issue.

• In the event that the Company does not meet the Public Float Requirement, it is agreed between the Vendor and the Company that new ordinary shares in the Company may be issued and placed out to satisfy the Public Float Requirement (the “Compliance Placement Shares”) and the issue price for the Compliance Placement Shares shall not be less than S$0.20 per Compliance Placement Share (the “Proposed Compliance Placement”).

• Any of the Rights Shares which remain untaken by the Underwriter, as a result of the maintenance of the minimum Public Float Requirement upon completion of the Rights Issue, will not be issued by the Company and the size of the Rights Issue will be reduced accordingly.

• Accordingly, in connection with the Proposed Acquisition, the Company will be required to place out Shares to satisfy the Public Float Requirement (the “Proposed Compliance Placement”) and the issue price for any new Shares to be placed out pursuant to the Proposed Compliance Placement shall not be less than S$0.20.

• Subject to to the Company satisfying the minimum Public Float Requirement under the Rule 11.23(7) of GEM Listing Rules upon the completion of the Rights Issue, any unsold Unsubscribed Rights Shares and the NQS Unsold Rights Shares under the Compensatory Arrangements will be taken up by the Underwriter pursuant to the terms of the Underwriting Agreement.

More Definitions of Public Float Requirement

Public Float Requirement means the public float requirement under Rule 8.08 of the Listing Rules.

Public Float Requirement means the requirement under

Public Float Requirement means the requirement under the Listing Rules applicable to the

Public Float Requirement. The Company shall be deemed to have met the ------------------------- Public Float Requirement if, as of any date of determination, the product of (i) the number of shares of Common Stock issued in transactions registered under Section 5 of the Securities Act and outstanding as of such date of determination and (ii) the Closing Price of such shares, as of such date of determination, equals not less than $50 million. Qualifying Preferred Stock: Shares of preferred stock of the Company -------------------------- issued to a Holder pursuant to Section 2.8 hereof in exchange for an equal number of shares of Preferred Stock.