Adjustment of Subscription Price. (a) If, on a date (or by reference to a record date) on or before the relative Expiration Date in respect of a Warrant, the Company shall issue any Common Stock by way of dividend to holders of Common Stock of record on a date (or by reference to a record date) before the relative Expiration Date or upon any consolidation or sub-division of the Common Stock before such Expiration Date, the number of shares of Common Stock to be issued on any subsequent exercise of the subscription rights in respect of that Warrant will be increased or, as the case may be, reduced in due proportion and the subscription price per share of Common Stock will be adjusted accordingly. On any such dividend, consolidation or sub-division the Company will cause the auditors of the Company to verify the correctness of the appropriate adjustments and, within 28 days of such adjustments, notice will be sent to each Warrant Holder of the adjusted number of shares of Common Stock to which the Warrant Holder is entitled to subscribe in consequence thereof, fractional entitlements being ignored, such notice being accompanied by a new Warrant certificate in respect of such adjusted number of shares of Common Stock.
Adjustment of Subscription Price. AND NUMBER OF SHARES OF COMMON STOCK PURCHASABLE OR NUMBER OF RIGHTS.
Adjustment of Subscription Price. (a) If, on a date (or by reference to a record date) on or before the relative Expiry Date in respect of a Warrant, the Company shall allot any Ordinary Shares fully paid by way of capitalisation of profits or reserves to holders of Ordinary Shares on the register on a date (or by reference to a record date) before the relative Expiry Date or upon any consolidation or sub-division of the Ordinary Shares before such Expiry Date, the number and/or nominal value of Ordinary Shares to be subscribed on any subsequent exercise of the subscription rights in respect of that Warrant will be increased or, as the case may be, reduced in due proportion and the subscription price per Ordinary Share will be adjusted accordingly. On any such capitalisation, consolidation or sub-division the Company will procure that the auditors for the time being of the Company will verify the correctness of the appropriate adjustments and, within 28 days of such adjustments, notice will be sent to each Warrant holder of the adjusted number of Ordinary Shares to which the Warrant holder is entitled to subscribe in consequence thereof, fractional entitlements being ignored, such notice being accompanied by a new Warrant certificate in respect of such adjusted number of Ordinary Shares.
