Capitalisation of Profits or Reserves. (i) If and whenever the Company shall issue any Shares credited as fully paid to the holder of Shares (“Shareholders”) by way of capitalisation of profits or reserves and/or share premium account (including Shares paid up out of distributable profits or reserves and/or share premium account (except any Scrip Dividend)) and which would not have constituted a Distribution, the Subscription Price shall be adjusted by multiplying the Subscription Price in force immediately before such issue by the following fraction:
Capitalisation of Profits or Reserves. If and whenever the Company shall issue any Shares credited as fully paid to the Shareholders by way of capitalisation of profits or reserves (including any share premium account, contributed surplus and/or capital redemption reserve), other than a Scrip Dividend where the Market Value of the Shares issued in respect of each existing Share does not exceed the amount of the cash dividend (or the relevant part thereof where scrip is offered in place of part of the cash dividend (“relevant part”)) in respect of each existing Share, the Conversion Price shall be adjusted:
Capitalisation of Profits or Reserves. For so long as any Conversion Right remains exercisable, the Issuer shall not issue or pay up any securities, in either case, by way of capitalisation of profits or reserves, except:
Capitalisation of Profits or Reserves. (i) If and whenever the Company shall issue any Shares credited as fully paid to the Shareholders by way of capitalisation of profits or reserves including Shares paid up out of distributable profits or reserves and/or share premium account issued, save where Shares are issued in lieu of the whole or any part of a specifically declared cash dividend (the “Relevant Cash Dividend”), being a dividend which the Shareholders concerned would or could otherwise have received (a “Scrip Dividend”) and which would not have constituted a Capital Distribution, the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately before such issue by the following fraction:
Capitalisation of Profits or Reserves. (a) If and whenever the Issuer shall issue any Shares credited as fully paid to the Shareholders by way of capitalisation of profits or reserves (including any share premium account) including Shares issued paid up out of distributable profits or reserves and/or share premium account, (other than
Capitalisation of Profits or Reserves. If and whenever the Company shall issue any Shares credited as fully paid to the Shareholders by way of capitalisation of profits or reserves, other than Shares issued in lieu of the whole or any part of a cash dividend (the “Relevant Cash Dividend”), being a dividend which the Shareholders concerned would or could otherwise have received in cash (“Scrip Dividend”), the Conversion Price shall be adjusted in the case of an issue of Shares other than by way of Scrip Dividend by multiplying the Conversion Price in force immediately before such issue by the following fraction:- A B where: A is the number of issued Shares immediately before such issue; and B is the number of issued Shares immediately after such issue; and in the case of an issue of Shares by way of a Scrip Dividend the Current Market Price of which Shares exceeds 120 per cent. of the amount of the Relevant Cash Dividend or the relevant part thereof and which would not have constituted a Capital Distribution, by multiplying the Conversion Price in force immediately before the issue of such Shares by the following fraction: A + B A + C where: A is the number of issued Shares immediately before such issue; B is the number of Shares issued by way of such Scrip Dividend multiplied by a fraction of which (i) the numerator is the amount per Share of the whole, or the relevant part, of the Relevant Cash Dividend and (ii) the denominator is the Current Market Price of the number of Shares issued in respect of each existing Share in lieu of the whole, or the relevant part of the Relevant Cash Dividend; and C is the number of Shares issued by way of such Scrip Dividend; or by making such other adjustment as an approved merchant bank or the auditors of the Company shall certify to the Company is fair and reasonable and is acceptable to the Bondholders concerned. Such adjustment shall become effective on the date of issue of such Shares.
Capitalisation of Profits or Reserves. If and whenever the Issuer shall issue any Shares credited as fully paid to the holders of Shares (the Shareholders) by way of capitalisation of profits or reserves (including any share premium account) including, Shares paid up out of distributable profits or reserves and/or share premium account issued (except any Scrip Dividend (as defined below)) and which would not have constituted a Capital Distribution (as defined below), the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately before such issue by the following fraction: Where:
Capitalisation of Profits or Reserves. If and whenever the Company shall issue any Shares credited as fully paid to the Shareholders by way of capitalisation of profits or reserves (including any share premium account or capital redemption reserve fund), other than Shares issued in lieu of a cash dividend, the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately before such issue by the following fraction: A B where A is the aggregate nominal amount of the issued Shares immediately before such issue; and B is the aggregate nominal amount of the issued Shares immediately after such issue. Such adjustment shall become effective (if appropriate, retroactively) from the day following the record date of such issue.
Capitalisation of Profits or Reserves. (i) If and whenever the Issuer shall issue any Shares credited as fully paid to the holders of Shares (the “Shareholders”) by way of capitalisation of profits or reserves including Shares paid up out of distributable profits or reserves and/or share premium account (except for any Scrip Dividend (as defined below in this Condition 6(c) (Adjustments to Conversion Price))) and which would not have constituted a Capital Distribution (as defined below in this Condition 6(c) (Adjustments to Conversion Price)), the Conversion Price shall be adjusted by multiplying the Conversion Price in force immediately before such issue by the following fraction: where: A is the aggregate nominal amount of the issued Shares immediately before such issue; and B is the aggregate nominal amount of the issued Shares immediately after such issue. Such adjustment shall become effective on the date of issue of such Shares or if a record date is fixed therefor, immediately after such record date.
Capitalisation of Profits or Reserves. If and whenever the Company shall issue any Shares credited as fully paid by way of capitalisation of profits or reserves (including any share premium account fund), the Strike Price in force immediately prior to such issue shall be adjusted by multiplying it by the following fraction:
