Examples of Tranche A Shares in a sentence
The audited consolidated net profit after taxation from the steel trading operation and the audited consolidated net assets of Stemcor and its subsidiaries as at 31st December, 2000 have not been agreed between the Group and Stemcor, for the purpose of the adjustment of the number of Tranche A Shares, up to the date of approval of these financial statements.
The number of Tranche A Shares under the Subscription is subject to adjustment.
If the Final Agreed Valuation is higher or lower than the Initial Agreed Valuation, the number of Tranche A Shares will then be revised upwards or downwards (as the case may be) to equal the number that would have applied if the Final Agreed Valuation had been used in calculating and deriving the number of Tranche A Shares.
Under the Share Subscription Agreement, Stemcor has granted to the Group a put option under which the Group may require Stemcor to repurchase all of the Tranche A Shares subscribed by the Group and the shares to be subscribed under the Tranche B Option for US$3,000,000 and US$5,000,000, respectively.
The Company is offering only Participating Tranche A Shares to investors at the Subscription Price (as defined in Appendix 1).