Examples of Rights Subscription Price in a sentence
Underwriting commission: 2.20% of the amount determined by multiplying thenumber of Underwritten Rights Share Stapled Units by the Rights Subscription Price, which amounts to approximately HK$64 million (approximately US$8 million) (assuming no additional Share Stapled Units are acquired by PCCW or its subsidiaries prior to the Record Date and that no irrevocable undertaking(s) other than PCCW’s Undertaking are received prior to the Record Date).
The Rights Subscription Price The Rights Subscription Price for the Rights Share Stapled Units is HK$6.84 per Rights Share Stapled Unit and is payable in full in cash when a Qualifying Holder of Share Stapled Units accepts the provisional allotment of Rights Share Stapled Units or when a renouncee or transferee of nil-paid Rights Share Stapled Units applies for the relevant Rights Share Stapled Units.
The Rights Issue will involve the issue of 1,155,011,542 Rights Share Stapled Units at a Rights Subscription Price of HK$6.84 per Rights Share Stapled Unit payable in full on application.
Consideration Based on the Rights Subscription Price of HK$6.84 per Rights Share Stapled Unit and on the assumption that, as at the Record Date, there are 6,416,730,792 Share Stapled Units in issue, the aggregate consideration payable by CAS for the Proposed Subscription, comprising the subscription for a total of 728,498,849 Rights Share Stapled Units, will be approximately HK$4,983 million (approximately US$639 million).
After taking into consideration the reasons for the Rights Issue as stated in the section headed “Reasons for the Rights Issue and Use of Proceeds”, the Directors (including the independent non-executive Directors) consider that the terms of the Rights Issue (including the Rights Subscription Price) are fair and reasonable and in the interests of the Company and the Shareholders as a whole.
Within two (2) Business Days after the closing of the Rights Offering, the Company shall issue to the Investors a notice (the “ Subscription Notice ”) setting forth the number of shares of Common Stock subscribed for in the Rights Offering and the aggregate proceeds of the Rights Offering and, accordingly, the number of shares of Common Stock to be acquired by the Investors pursuant to the Backstop Commitment at the Rights Subscription Price.
The closing of the Rights Offering shall occur at the time, for the Rights Subscription Price and in the manner and on the terms of the Rights Offering in Section 1.1(d), as shall be set forth in the Prospectus.
Subject to the consummation of the Rights Offering and the terms and conditions of this Agreement, the Investor shall purchase from the Company, and the Company shall issue to the Investor, at a price per share equal to the Rights Subscription Price, a number of shares of Common Stock (the “ Backstop Commitment”) equal to (x) the Aggregate Offered Shares minus (y) the number of shares of Common Stock subscribed for and purchased pursuant to the Rights Offering.
The closing of the Rights Offering shall occur at the time, for the Rights Subscription Price and in the manner and on the terms of the Rights Offering set forth in Section 1.1(d) , as shall be set forth in the Prospectus.
The Rights Subscription Price was determined by the Directors with reference to the market price of the Shares under the prevailing market conditions preceding and including the date of this announcement.