Sold Shares definition

Sold Shares shall have the meaning specified in Section 6.

Sold Shares means the Offered Shares that are Allotted in the Offer in accordance with the finalised Basis of Allotment;

Sold Shares has the meaning as defined in Section 2.1.

Examples of Sold Shares in a sentence

• For purposes of this Section 5.6, it is clarified that the total number of Sold Shares credited to the Selling Shareholder Demat Account shall not exceed or be less than the number of Offered Shares originally credited to the Escrow Demat Account by the Selling Shareholders.

• The Share Escrow Failure Notice shall also indicate if the Event of Failure has occurred before or after the transfer of the Sold Shares to the Allottees in accordance with Section 5.5 or Section 5.6 of this Agreement.

• Immediately upon the credit of any Equity Shares into the Escrow Demat Account under this Section 5.6, the Share Escrow Agent shall immediately transfer all such Equity Shares constituting the Sold Shares from the Escrow Demat Account to the Selling Shareholder Demat Account within one (1) Working Day.

• Notwithstanding the provisions of Section 3.1, the Share Escrow Agent shall release and credit back to the Selling Shareholder Demat Account the Offered Shares remaining to the credit of the Escrow Demat Account after credit of the Sold Shares to the demat accounts of the Allottees, if any, or in the event of an occurrence of an Event of Failure in the manner provided in this Agreement.

• In addition, until the Closing Date, in relation to the Offered Shares, the Selling Shareholders shall continue to exercise its rights, including voting rights, dividends and other corporate benefits if any, attached to the Offered Shares until the Sold Shares are credited to the demat accounts of the Allottees on the Closing Date.

More Definitions of Sold Shares

Sold Shares means the 714,000 ordinary shares of no par value in issue by the Company on the Closing Date, being 100% (one hundred per cent) of the issued shares of the Company;

Sold Shares has the meaning set forth in Section 1.8(a).

Sold Shares shall have the meaning ascribed to it in Section 1.3(c).

Sold Shares shall have the meaning set forth in the recitals.

Sold Shares shall have the meaning specified in Section 8.3.

Sold Shares. 70 Mediton Ordinary Shares (“Mediton’s Sold Shares”) which constitute 70% of Mediton’s issued and outstanding share capital and voting rights, on a fully diluted basis; and 70 Medishur Ordinary Shares (“Medishur’s Sold Shares”), which constitute 70% of Mediton’s issued and outstanding share capital and voting rights, on a fully diluted basis.

Sold Shares means 4,794,521 shares of common shares in the issued share capital of the Company, with the par value of US$ 0.10 each share, accounting for 70% of the issued shares of the Company.