Common use of Extension of General Offer Clause in Contracts

Extension of General Offer. So long as any Preference Shares are outstanding and the Company becomes aware that an offer is made or an invitation is extended to all holders of Ordinary Shares generally to acquire all or some of the Ordinary Shares or any scheme or arrangement is proposed for that acquisition, the Company shall forthwith give notice to all holders of Preference Shares and the Company shall use its best endeavours to ensure that there is made or extended at the same time a similar offer or invitation, or that the scheme or arrangement is extended, to each holder of Preference Shares, as if its conversion rights had been fully exercised on a date which is immediately before the record date for the offer or invitation or the scheme or arrangement at the Series A Conversion Price applicable at that time.

Extension of General Offer. So long as any Preference Shares Convertible Notes are outstanding and the Company becomes aware that an offer is made or an invitation is extended to all holders of Ordinary Common Shares generally to acquire all or some of the Ordinary Common Shares or any scheme or of arrangement is proposed for that acquisition, the Company shall forthwith give notice to all holders of Preference Shares outstanding Convertible Notes and the Company shall use its best endeavours to ensure that there is made or extended at the same time a similar offer or invitation, or that the scheme or of arrangement is extended, to each holder of Preference SharesConvertible Note, as if its conversion rights had been fully exercised on a date which is immediately before the record date for the offer or invitation or the scheme or of arrangement at the Series A Conversion Price applicable at that time.