Examples of Rights Issue in a sentence
If the Rights Issue is not fully subscribed (i.e. for EUR 233m), the RI Backstop shall be triggered in an amount equal to the difference between the amount of the Rights Issue (EUR 233m) and the effective take up from the market through (in any event within the limit of their respective maximum amount) (i) first, the 1st Rank Backstop, until complete utilization then (ii) second, through the 2nd Rank Backstop, until complete utilization.
Pricing of the Rights Issue (of EUR 233m) giving right to up to c.25.8% of the equity pro-forma the Equitization on a fully diluted basis (including the full exercise of the option to inject EUR 75m in cash as part of the Additional RCI).
Any amount of the Elevated Equitized Debt not equitized as a result of the 2nd Rank Backstop not being entirely called, shall be equitized as part of a capital increase reserved to the holders of Elevated Equitized Debt (with a priority right (délai de priorité) of the existing shareholders on terms similar to the Equitization) on terms similar to the Rights Issue (the “Additional RCI”), to be implemented after the Equitization share capital increases.
Amount Between EUR 750m and EUR 837,5m depending on the take-up of the Rights Issue and the Additional RCI, as described in paragraph 9 above and under Schedule 3.
Cash proceeds of the Rights Issue (from either the 1st Rank Backstop and/or the take up from the market) and cash proceeds of the Additional RCI (other than cash proceeds resulting from the exercise by existing shareholders of the right of priority of the Additional RCI that will be applied to the pay down of the Elevated Equitized Debt at par) are referred to as the “New Money Equity”.