Examples of Second Subscription Shares in a sentence
Upon completion of the Second Subscription Agreement, the percentage voting rights held by the Subscriber (together with parties acting in concert with it) in the Company will be increased from approximately 16.26% to approximately 30.32% (assuming that there is no change in the issued share capital of the Company other than the issue of the First Subscription Shares and the Second Subscription Shares).
The Company proposes to raise approximately £4,910,000 gross (approximately £4,812,000 net of expenses) through the issue of the Second Placing Shares through Cenkos, the Placing not being underwritten, and through the issue of the Second Subscription Shares, both at the Issue Price.
The Second Subscription Price for the Second Subscription Shares shall be paid by the Subscriber in full at the Second Completion in the manner as set out in Clause 3.1(b).
The Second Subscription Shares will, when issued, rank pari passu in all respects with the existing issued Ordinary Shares, including the right to receive any dividends and other distributions declared following Admission.
Subscription Shares An aggregate of not more than 264,099,966 Subscription Shares, of which each of the First Subscriber and the Second Subscriber will subscribe for not more than 222,006,334 First Subscription Shares and 42,093,632 Second Subscription Shares, respectively.
The Second Subscription is conditional on the Company obtaining approval from its Shareholders to grant the Board authority to allot the Second Subscription Shares and Second Value Payment Shares and todisapply statutory pre- emption rights which would otherwise apply to the allotment of those shares.
On 13 January 2010, the Company and the Second Subscriber entered into the Second Subscription Agreement pursuant to which the Second Subscriber has conditionally agreed to subscribe for, and the Company has conditionally agreed to issue and allot, the Second Subscription Shares at the Subscription Price of HK$0.24 per Subscription Share.
The aggregate number of 6,735,000 Second Subscription Shares represent (i) approximately 1.34% of the issued share capital of the Company as at the date of this announcement; (ii) approximately 1.32% of the issued share capital of the Company as enlarged by the allotment and issue of the Second Subscription Shares; and (iii) approximately 1.06% of the issued share capital of the Company as enlarged by the allotment and issue of the Subscription Shares, the Conversion Shares and the Placing Shares.
The Second Subscription Shares and Second Value Payment Shares will represent 13.21 per cent.
As announced on 25 September 2008, it is intended that the Second Subscription Shares will be subscribed for by Roundstone Properties at the Subscription Price and the Initial Subscription Shares have been subscribed for at the same price.