Examples of Trading Days in a sentence
The Shares to be delivered upon exercise of the Warrants shall be issued by the Issuer through Montetitoli in a dematerialized and registered form and shall be transferred on the Issuer’s behalf by the Agent to the Warrant holder’s custodian account held with a financial institution participating to the centralized deposit system managed by Montetitoli whose details shall be set out in the Warrant Exercise Notice, within three (3) Trading Days including the Warrant Exercise Date.
The Issuer shall be liable for, and shall indemnify each relevant Note holder against, any losses resulting from a delay over the aforementioned three (3) Trading Days.
The Shares to be delivered upon conversion shall be issued by the Issuer through Montetitoli in a dematerialized and registered form and shall be transferred on the Issuer’s behalf by the Agent to the Note holder’s custodian account held with a financial institution participating to the centralized deposit system managed by Montetitoli whose details shall be set out in the Conversion Notice, within three (3) Trading Days including the Conversion Date.
The Purchase price for the Shares by way of the Capital Increase shall be no more than eighty-five percent (85%) of the VWAP of the Shares for ten Trading Days immediately preceding the completion of the Capital Increase (i.e. the issuance of the Shares pursuant to the Capital Raise).
The actual delivery of freely tradable Shares to the relevant Note holder shall occur no later than three (3) Trading Days after the Conversion Date.