Examples of Subsequent Issue in a sentence
Under the Placing Programme, each New Ordinary Share will be made available to investors at a price calculated by reference to the estimated cum income Net Asset Value of each existing Ordinary Share together with a premium intended to cover the costs and expenses payable by the Company in connection with each Subsequent Issue.
The costs and expenses of any Subsequent Issue of C Shares under the Placing Programme will be paid out of the gross proceeds of such issue and will be borne by holders of C Shares only.
Since the New Ordinary Shares will be issued at the Placing Programme Price which includes a premium to the estimated NAV (cum income) per existing Ordinary Share to cover the expenses of each Subsequent Issue of Ordinary Shares, existing Shareholders will experience no dilution on a NAV per Share basis as a result of any issue of New Ordinary Shares and the deduction of any costs and expenses incurred in connection with such Subsequent Issue.
Subsequent Issue of Units Subscription applications for Units will, if received by the Registrar at or prior to the Dealing Deadline (i.e. 4:00 p.m. (Hong Kong time) or such other time as the Manager may determine from time to time) on a Dealing Day, be processed on that Dealing Day.
Subsequent Issue Fee (1) Where a listed issuer makes a subsequent issue of equity securities which is less than 20 per cent.
In respect of any Further Tranche, the applicable date set out in the Further Conditions (the "Subsequent Issue Date").
The costs and expenses of each Subsequent Issue are estimated to be no more than 2 per cent.
Such retention requirement is satisfied as of the Subsequent Issue Date by the Originators by way of holding all the Junior Notes.
Since the New Ordinary Shares will be issued at the Placing Programme Price which includes a premium to the estimated prevailing NAV (cum income) per existing Ordinary Share to cover the expenses of each Subsequent Issue of Ordinary Shares, existing Shareholders will experience no dilution on a NAV per Share basis as a result of any issue of New Ordinary Shares and the deduction of any costs and expenses incurred in connection with such Subsequent Issue.
Subsequent Issue of Units After the Initial Period, applications in writing or by facsimile for Class A Units of the Sub-Fund received by the Manager prior to 5:00 p.m. (Hong Kong time) on a Dealing Day will be dealt with, and Units will be issued, on that Dealing Day.