Examples of Additional Preferred Shares in a sentence
The Investor owns and will own the Current Shares (and will own any Additional Preferred Shares when issued) outright and free and clear of any options, contracts, agreements, liens, security interests, mortgages, pledges, charges, equities, claims or restrictions on transferability or encumbrances of any kind, or other encumbrances, other than those contained in the IRA.
The number of Additional Preferred Shares or Additional ADSs, as the case may be, shall be adjusted in the same proportion of the Conversion Rate, as established in the escritura de emissão (except in the case of adjustment to the Conversion Rate with the purposes of adding Additional Preferred Shares or Additional ADSs).
THE PRINCIPAL TERMS OF THE PREFERRED SHARES Issuer: The Company Nominal value: HK$0.10 Issue Price: HK$0.21 per Preferred Share Number of shares offered: Initially 950,000,000 Preferred Shares, subject to the Valuation Adjustment and an upward adjustment of 950,000,000 Additional Preferred Shares, resulting in a maximum of 1,900,000,000 Preferred Shares in total to be issued upon fulfillment of the Profit Warranty.
The subscription for, and issuance of, any Additional Preferred Shares pursuant to the immediately preceding sentence (such subscription and issuance (if any), together with the Base Subscription, the “Preferred Subscription”) shall be consummated concurrently with the Closing of the Base Subscription.
ISSUE OF ADDITIONAL PREFERRED SHARES The Board is pleased to announce that, the Profit Warranty as stipulated under the Acquisition Agreement has been fulfilled and the Initial Consideration has been adjusted upward to HK$199.5 million and 950,000,000 Additional Preferred Shares have been issued.