Examples of Rights Issue Price in a sentence
Make material contracts and documents available for inspection at the time and place mentioned in the LoFRecord Date, Rights Issue Price, Rights Entitlement (“RE”) ratio, Issue Period: Announce the record date to determine eligible shareholders SEBI (LODR) Regulations.
The Rights Issue size and Rights Issue Price at which Qualifying Stockholders will be invited to subscribe for Rights Issue Stock will be determined by the Bank and the Joint Bookrunners in advance of the EGC.
The Noteholder has informed the Company that it intends to convert up to 155,000,000 Shares (on a pre-Consolidation basis) or 11,923,077 Shares (on a post-Consolidation basis) outstanding at the Rights Issue Price of $0.002 per Share (on a pre-Consolidation basis) or $0.026 per Share (on a post-Consolidation basis) as part of the Recapitalisation Proposal.
Pursuant to the Underwriting Agreement, the Joint Bookrunners and Underwriters have agreed, subject to the terms and conditions of that agreement to subscribe for, and/or procure the subscription for, at the Rights Issue Price, the Rights Units for which valid applications have not been submitted.
The PART VII CONTINUED bonus factor adjustment arises due to the Rights Issue involving bonus shares issued at the Rights Issue Price which is below the Closing Price on 21 May 2019.
The issue of 11,923,077 Shares at the Rights Issue Price will exceed $125,000 permitted and set out in section 8.1(h) above and therefore, a waiver to the $125,000 maximum amount conversion in any calendar month is sought from shareholders.
This provides the Bank and the Joint Bookrunners with greater certainty that the Rights Issue Price will be able to be set at 38% to 42% discount to the TERP irrespective of market conditions.
Taking into account the Capital Reorganisation, the Rights Issue Price represents a discount of 83.8% to the Consolidated Closing Price on 6 September 2023 (the Latest Practicable Date), and a discount of 42.5% to the theoretical ex-rights price of 343 pence per Existing Ordinary Share calculated by reference to the Consolidated Closing Price on the same basis.
The value of Shares may rise above or below the Rights Issue Price for the Shares, depending on the financial and operating performance of pSivida and external factors over which pSivida and its Directors have no control.
Bids, which should not be lower than the Rights Issue Price, will be accepted by the Issuer on behalf and for account of the Lapsed Rights Holders strictly on the basis of best price, and Lapsed Rights will be allocated accordingly.