Examples of Share Entitlement Note in a sentence
The supervisor, after proper inquiry and consultation with the Town Manager, will decide if the employee can remain at work and what work restrictions, if any, are deemed necessary.
In addition, specific mandate will be sought from SHT Shareholders for the issue of the SHT Shares which may fall to be issued under the Share Entitlement Note.
Set out on pages 127 to 129 of this circular is a notice convening the EGM to be held at 3rd Floor, Ramada Hong Kong Hotel, 308 Des Voeux Road West, Hong Kong on Friday, 12 June 2015 at 10:00 a.m. at which an ordinary resolution will be proposed and, if thought fit, passed to approve the Sale and Purchase Agreement and the transactions contemplated thereunder, and the issue of the SHT Shares which may be issued pursuant to the Share Entitlement Note.
The consideration shall be satisfied by the issue to MEL of the Share Entitlement Note, which shall confer on the holder the right to call for the issue by SHT of 147,626,347 SHT Shares credited as fully paid.
The SHT Shares to be issued pursuant to the Share Entitlement Note implies an issue price of approximately HK$16.35 per SHT Share (the “Issue Price”).As referred to in the Board Letter, the net assets excluding non-controlling interests before revaluation on all property assets of the SHT Group as at 31 December 2014 amounted to approximately HK$4,631,277,000.
Earnings As stated in the Letter from the Board, it is estimated that, upon Completion, the Group would recognise a gain on the Transaction of approximately HK$27,872 million, representing the difference between the value of consideration (including the Share Entitlement Note and cash) based on the HLD Average Closing Price and the current carrying amount of the HKCG Interests.
Purchase, Sale or Redemption of the Company’s Listed Securities Except for such shares issued pursuant to the Share Entitlement Note, neither the Company nor any of its subsidiaries had purchased, sold or redeemed any of the Company’s listed securities during the period under review.
In addition, specific mandate will be sought from the Shareholders for the issue of the SHT Shares which may fall to be issued under the Share Entitlement Note.
PROPOSED DISTRIBUTIONS BY MEL The MEL Board proposes to recommend for approval by MEL Shareholders upon Completion, for each MEL Share a distribution of the entitlement to 0.0165 SHT Share to be allotted under the Share Entitlement Note.
As part of the re-organisation, the Board also proposed to recommend for approval by the Shareholders the distribution of the entitlement to 0.0165 SHT Share to be allotted under the Share Entitlement Note for each Share upon Completion.