Examples of Sale Shares in a sentence
The Purchaser shall purchase the Sale Shares with 32,432,432 newly issued ordinary shares of the Company (“New SEGL Shares”) at the issue price of S$0.115 (“Issue Price”) per New SEGL Share, with total value of USD2,760,000 (equivalent to approximately S$3,729,7301) (hereinafter referred to as the “Purchase Consideration”).
None of the Directors or the controlling shareholders of the Company has any direct or indirect interest in the proposed acquisition of the Sale Shares (other than through their shareholdings in the Company, if any).
The Company shall issue and allot the New SEGL Shares to the Vendor upon satisfaction of the conditions set out in Article 4 in the SPA (mainly on the Representation and Warranties, Veracity of Warranty and the necessary regulatory approvals and consents) and receipt of physical certificate(s) representing the Sale Shares of the Vendor.
Sale Shares shall have the meaning ascribed thereto in Recital B.
There are no persons who are proposed to be appointed as a Director of the Company in connection with the proposed acquisition of the Sale Shares.