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 the public float requirement under Rule 8.08 of the Listing Rules;
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Public Float Requirement means any requirement pursuant to Rule 8.08 of the Listing Rules.
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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.

  • 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.

  • As such, the Loan Capitalisation will have to be carried out in different tranches (“Partial Conversion”) to ensure that the Company will be able to fulfil the Public Float Requirement at all times during the Relevant Period.

  • However, where no Offer Shares are taken up by the Qualifying and the Underwriter is required to take up the untaken Underwritten Shares, the full conversion of the Loan Capitalisation Amount would render the public float of the Company to fall to 23.31%, and therefore unable to maintain the Public Float Requirement.

  • As such, no further actions will be required to be conducted at Wharf or Wheelock for the purpose of maintaining the Public Float Requirement.

  • In order to ensure that the Company will be able to fulfil the Public Float Requirement at all times up to the completion of the Loan Capitalisation, the Company has taken the following measures.

  • In order to facilitate the maintenance of the Public Float Requirement, the Company is proposing to implement the Bonus Issue (in respect of which Mr. Wang has undertaken to procure that the Relevant Recipients will be issued with non-voting CPS only) before the Subscription Completion, and to issue the Subscription CPS to the Subscriber at the Subscription Completion.

  • The Placing Shares were placed to cover the Initial Public Float Shortfall upon Investor Subscription Completion and the Possible Further Public Float Shortfall upon the Possible Shareholders’ Transaction Completion, with a view to maintaining the Public Float Requirement at all times.

  • The Loan Capitalisation can be effected in tranches, in order for the Company to fulfil the Public Float Requirement at all times during the Relevant Period.

  • Subject to fulfilment or satisfaction of the conditions precedent of the Rights Issue, the Rights Issue shall proceed regardless of the conditions of its level of acceptances, and up to 178,500,000 Rights Shares are committed to be subscribed subject, however, to any Scaling-down vis-a-vis the MGO Obligation or the Public Float Requirement.


More Definitions of Public Float Requirement

Public Float Requirement means the requirement under
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Public Float Requirement means the requirement under the Listing Rules applicable to the
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Public Float Requirement means the requirement under the Listing Rules
Sample 1
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.
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Related to Public Float Requirement

  • Default Requirement means the amount specified as being applicable to the Reference Entity in the Standard, or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, U.S.$ 10,000,000 or its equivalent in the relevant Obligation Currency) in either case, as of the occurrence of the relevant Credit Event.

  • Payment Requirement means the amount specified as being applicable to the Reference Entity in the Standard or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, USD 1,000,000 or its equivalent in the relevant Obligation Currency) in either case as of the occurrence of the relevant Failure to Pay or Potential Failure to Pay, as applicable.

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.

  • Reporting Requirement By January 31, 2017, the District will provide for OCR’s review and approval the Web Accessibility Policy drafted consistent with Item 1.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $4,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Minimum Balance Requirements The minimum balance to open the account is $5.00. If the balance falls below $5 at any time, the account may be closed. See Balance Computation Method above. Fees and Charges; Other Requirements: See our Schedule of Fees at xxxxxxx.xxx/xxxx. Dividends: See Disclosures Concerning Dividends above. Current rates are disclosed on the Credit Union’s website.

  • REIT Requirements has the meaning set forth in Section 5.2.

  • Project Requirements means the statement included in the Request for Proposal detailing the technical and other requirements of Canada which are to be met by the successful Bidder, and which are to be addressed in the Bid;

  • MREL Requirement means the minimum requirement for own funds and eligible liabilities which is or, as the case may be, will be applicable to the Issuer;

  • Pretreatment requirements means any substantive or procedural requirement related to pretreatment, other than a pretreatment standard, imposed on an industrial user.

  • performance requirement means a requirement that:

  • Reporting Requirements As defined in Section 11.15.

  • End Client Requirements means the specific requirements of the End Client, as notified to the Supplier in writing;

  • Maintenance Requirements shall have the meaning set forth in Clause 14.2;

  • Listing Requirements means the Main Market Listing Requirements of Bursa Securities.

  • Program Requirements means certain minimum program entry requirements as well as ongoing program requirements, to be fulfilled by Partner, some of which are general PartnerEdge requirements, some of which are specific for the “Sell Engagement” and some of which are specific for the different “Cloud” Product Families, including, without limitation payment of the Program Fee(s), meeting certain minimum annual revenue requirements, upholding a Sell Authorization for at least one “Cloud” Product Family and other requirements as set out in detail in the PartnerEdge Program Guide and the RSPI.

  • Reserve Account Requirement means, with respect to the Closing Date and any Distribution Date, an amount equal to the lesser of: (A) 2.0% of the sum of (x) the initial Class A Note Balance, (y) the initial Class B Note Balance and (z) the initial Class C Note Balance; and (B) the sum of (x) the Class A Note Balance on such Distribution Date, (y) the Class B Note Balance on such Distribution Date and (z) the Class C Note Balance on such Distribution Date, after giving effect to the payment of principal on such Distribution Date.

  • Minimum Annual Resource Requirement means, for Delivery Years through May 31, 2017, the minimum amount of capacity that PJM will seek to procure from Annual Resources for the PJM Region and for each Locational Deliverability Area for which the Office of the Interconnection is required under Tariff, Attachment DD, section 5.10(a) to establish a separate VRR Curve for such Delivery Year. For the PJM Region, the Minimum Annual Resource Requirement shall be equal to the RTO Reliability Requirement minus [the Sub-Annual Resource Reliability Target for the RTO in Unforced Capacity]. For an LDA, the Minimum Annual Resource Requirement shall be equal to the LDA Reliability Requirement minus [the LDA CETL] minus [the Sub-Annual Resource Reliability Target for such LDA in Unforced Capacity]. The LDA CETL may be adjusted pro rata for the amount of load served under the FRR Alternative.

  • Reportable Compliance Event means that any Covered Entity becomes a Sanctioned Person, or is charged by indictment, criminal complaint or similar charging instrument, arraigned, or custodially detained in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law, or has knowledge of facts or circumstances to the effect that it is reasonably likely that any aspect of its operations is in actual or probable violation of any Anti-Terrorism Law.

  • Credit Requirements means a long-term credit rating (corporate or long-term senior unsecured debt) of (1) “Baa3” or greater by Xxxxx’x, or (2) “BBB-” or greater by S&P, or such other indicia of creditworthiness acceptable to PacifiCorp in its reasonable judgment.

  • Performance Requirements The ordering entity reserves the right to inspect and verify that all deliveries are in accordance with specifications, both at the point of delivery and at the point of use. For orders that specify an “authorized party” to receive and inspect deliveries and/or installations, acceptance and inspection procedures must be performed by the” authorized party” to be considered and accepted by the ordering entity. Products inspected at the time of use are subject to refusal and return requirements for issues of quality such as defects in manufacturing and/or workmanship. Products will not be considered accepted by the ordering entity until the installation is complete for the applicable products.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Mortgage Conditions means the mortgage conditions booklet reference MORT 0154 MAY 13 HF;

  • Risk Retention Requirements means the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C. §78o-11), as added by Section 941 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

  • Liquidity Requirement shall have the meaning as set forth in Section 2.12(b).