Examples of Qualifying Holders in a sentence
Fractions of New Shares shall not be allotted to Qualifying Holders.
The fully exercising Qualifying Holders shall have the right, exercisable by written notice to the Company within five (5) Business Days from the giving of such further notice by the Company (the “Over-Allotment Period”), to subscribe for a pro rata share of the unsubscribed portion of the Financing on the basis of the number of shares of Fully Diluted Common Stock held by fully exercising Qualifying Holders and other fully exercising security-holders of the Company.
The HKT Trust and HKT propose to raise approximately HK$7,900 million (approximately US$1,013 million) before expenses by way of the Rights Issue, on the basis of 18 Rights Share Stapled Units for every 100 Existing Share Stapled Units held by Qualifying Holders of Share Stapled Units at 5:00 p.m. on the Record Date.
However, those Qualifying Holders of Share Stapled Units who do not take up in full the Rights Share Stapled Units to which they are entitled and Non-Qualifying Holders of Share Stapled Units should note that their proportionate holdings of Share Stapled Units in the HKT Trust and HKT will be diluted.
Holders of Existing Ordinary Shares with registered addresses in Australia will not be Qualifying Holders and no Application Forms will be sent to, nor will Basic Entitlements and/or Excess Entitlements be credited to, the stock accounts of such persons.