Examples of Target Optionholders in a sentence
Participate in efforts reasonably requested by Bidder to promote the merits of the Transaction, the Scheme Consideration and Option Scheme Consideration, including, where requested by the Bidder, meeting with key Target Shareholders and Target Optionholders.
Participate in efforts reasonably requested by the Target to promote the merits of the Transaction, the Scheme Consideration and the Option Scheme Consideration, including, where requested by the Target, meeting with key Target Shareholders or Target Optionholders.
As of the date hereof, the Target Board, after consultation with its financial and legal advisors, has determined that the Plan of Arrangement is fair to the Target Shareholders and is in the best interests of Target and has resolved to recommend to the Target Shareholders and Target Optionholders that they vote in favour of the Arrangement Resolution.
At Closing, in accordance with the terms of the stock option plan and stock option agreements governing the Target Options, the Purchaser will assume the Target Options and the Target Options will become exercisable by the applicable Target Optionholders into an aggregate of 4,647,732 Purchaser Shares at an exercise price of $0.08 per Purchaser Share, as further set out in Schedule B attached hereto, with no action required on the part of the Target Optionholders.
Target shall provide Acquiror with a final copy of the Target Circular prior to mailing to the Target shareholders and Target Optionholders.
Target Optionholders and Target Warrantholders shall be entitled to receive any Crosshair Common Shares to which they are entitled under Sections 3.1(e), 3.1(f) and 3.1(g) by exercising, converting or otherwise exchanging their securities in accordance with the terms and subject to the conditions of the original Target Options and Target Warrants, as the case may be.
In the event that: • the Scheme Resolution is approved by the requisite majorities of Target Shareholders at the Share Scheme Meeting and the Target Optionholders at the Option Scheme Meeting; and • all conditions to the Scheme becoming Effective are satisfied or waived (if they are capable of being waived), the Target will apply to the Court for orders approving the Scheme on the Second Court Date.
Section 4(a) of the Target Disclosure Letter sets forth a complete, up-to-date and accurate list of all Target Optionholders under the Target Option Plan, together with the number of Target Options granted, the exercise price, vesting provisions and the expiry date thereof.
Target will send the Directors’ Circular to Target Shareholders and Target Optionholders by mail, and will file the Directors’ Circular with the applicable securities regulatory authorities, in accordance with the Securities Laws; provided that Target will use all reasonable commercial efforts to prepare the Directors’ Circular as quickly as practicable so that it maybe sent to Target Shareholders and Target Optionholders with the Offer Documents.
The total number of Shares issued and to be issued upon exercise of the options granted to each participant (including both exercised and outstanding options under the 2016 Share Option Scheme) in any 12-month period must not exceed 1% of the issued share capital of the Company.