Examples of Management Subscribers in a sentence
As a result, it is accounted for as a share option scheme in accordance with relevant accounting standards, under which the Management Subscribers were granted 300 share options and the Group receives services from the Management Subscribers.
On March 15, 2019, pursuant to the Share Subscription Agreement and the Amendment Agreements, the Second Batch Share Options of unlocked treasury shares were vested to the respective Management Subscribers.
In 2019, one of the remaining Management Subscribers resigned and the Company agreed not to exercise its right to repurchase the relevant shares attributable to him that were subject to lock-up restrictions.
The Company conditionally agreed to allot and issue, and the Management Subscribers and the Connected Management Subscribers conditionally agreed to subscribe for, a total of 80,537,237 Management Subscription Shares at the price of HK$2.89 each pursuant to the terms and conditions of the Management Subscription Agreements.
On 16 May 2015, the Company entered into the Management Subscription Agreement with each of the Management Subscribers (namely several senior management members of the Group) and the Connected Management Subscribers (namely the Directors).
Mr. Yang Peng is one of the Connected Management Subscribers and will subscribe for 36,898,851 Management Subscription Shares.
On May 16, 2015, the Company entered into a Management Subscription Agreement with each of the Management Subscribers pursuant to which the Company conditionally agreed to allot and issue and the Management Subscribers conditionally agreed to subscribe for, a total of 80,537,237 Management Subscription Shares at the price of HK$2.89 each pursuant to the terms and conditions of the Management Subscription Agreements.
In addition, the Management Subscribers entered into Subscription Agreements with Holdco pursuant to which they agreed to purchase an aggregate of 1,100,212 Holdco Ordinary Shares at $10.00 per share in connection with the closing of the Business Combination.
In addition each of the Management Subscribers has conditionally agreed to participate in the Subscription and subscribe at the Issue Price for the following number of new Ordinary Shares (representing in aggregate approximately 6.01 per cent.
The average market price and closing market price of H Share on 15 May 2017, being which the date of each of the Investor Subscription Agreement entered into between the Company and Subscriber and Management Subscription Agreements entered into between the Company and each of the Management Subscribers, was HK$1.51 per H Share and HK$1.42 per H Share, respectively.