Examples of Second Tranche Placing Shares in a sentence
It is expected that the First Tranche Placing Shares will be admitted to trading on AIM at 8.00 a.m. on 11 June 2021, and that the Second Tranche Placing Shares and Subscription Shares will be admitted to trading on AIM at 8.00 a.m. on 24 June 2021.
The Second Tranche Placing and the Subscription are conditional, inter alia, upon Second Admission (which is expected to become effective with dealings in the Second Tranche Placing Shares and Subscription Shares to commence on 24 June 2021).
The Second Tranche Placing Shares and the Subscription Shares have been placed conditional upon, inter alia, the passing of the Resolutions at the General Meeting.
If the Merger does not proceed European Nickel will not issue the Second Tranche Placing Shares and consequently will not raise gross proceeds of £6.7 million (approximately US$10.1 million) as planned.
The Company acknowledges and agrees that if this Agreement is terminated in accordance with Clause 10 ( Termination) prior to First Closing or Second Closing in respect of the Second Tranche Placing Shares only, any and all amounts received by the Bookrunner in respect of the Placing Shares at the time of such termination shall be held by the Bookrunner as agent for and on behalf of the Placees procured by it.
Accordingly the Placing Resolutions, summarised below, are being proposed at the General Meeting to ensure that the Directors have sufficient authority to allot and issue the Second Tranche Placing Shares on a non-pre-emptive basis.
We share questions we receive—as well as the answers to those questions—with these agencies to ensure interpretations are consistent with the Board’s intent.
The placing of the Second Tranche Placing Shares raised, in aggregate, gross proceeds of up to £3.04 million and is conditional, amongst other things, upon the approval by Shareholders of the Placing Resolutions.
It is intended that the Company will issue the Second Tranche Placing Shares in accordance with the Placing Agreement no later than 8.00 a.m. on 21 October 2019.
Application will be made for the Second Tranche Placing Shares to be admitted to trading on AIM, subject to the Placing Agreements not having been terminated, and it is expected that trading in the Second Tranche Placing Shares will commence at 8.00 a.m. on 9 August 2018.The Directors consider it important that, where reasonably practicable, Shareholders have an opportunity to participate in its equity fundraisings.