Examples of Subscription Completion in a sentence
The Vendor undertakes to accept the Subscription Shares subject to the constitutional documents of the Company and (subject to and conditional upon Subscription Completion) to pay to the Company any interest accrued on the net proceeds from the Placing for the period commencing on the Placing Completion Date and ending on the Subscription Completion Date.
On 14 November 2021, the Company entered into the Subscription Agreement with the Subscriber, pursuant to which the Subscriber has conditionally agreed to subscribe for and the Company has conditionally agreed to allot and issue, on the date of the Subscription Completion, 538,942,750 Subscription Shares at the Subscription Price of HK$0.882 per Subscription Share, at an aggregate consideration of HK$475,347,506.
Upon the Subscription Completion, 121,236,357 Subscription Shares will be issued to COFCO Dairy Investments, and as a result, the interests of the Concert Group in the voting rights of the Company will be increased from approximately 27.0% to approximately 31.5% (assuming that there is no change in the issued share capital of the Company other than the issue of the Subscription Shares since the date of the Subscription Agreement and up to the Subscription Completion).
Immediately prior to the Subscription Completion, the Offeror (i.e. the Subscriber) and the parties acting in concert with it (including Mr. Law, Ms. Zhang Jing, Ms. Huang Lilan, Mr. Yuan Qiang and Mr. Yan Hao) were beneficially interested in 128,192,632 Shares, representing approximately 33.82% of the then issued Shares of the Company.
Upon the Subscription Completion and as at the Latest Practicable Date, the Offeror and the parties acting in concert with it (including Mr. Law, Ms. Zhang Jing, Ms. Huang Lilan, Mr. Yuan Qiang and Mr. Yan Hao) were interested in a total of 297,547,471 Shares, representing approximately 54.26% of the enlarged issued share capital of the Company as at the Latest Practicable Date.