ISSUE OF NEW SHARES. In consideration for the net contribution, valued at €114,094,600, the Contributing Company will be awarded 1,140,946 new shares of the Beneficiary Company, with a par value of 10 euros each, fully paid up, to be issued by the latter as a capital increase. The newly issued shares thus granted shall be vested at the Effective Date and treated in their entirety as shares comprising the capital stock of the Beneficiary Company; they will therefore yield the right to any amounts as might be applied to distribution during the financial year ended December 31, 2007. The newly issued shares will entitle their holders to any exemption or result in the imposition of any tax charges, after payment to the old shares of the dividend for the financial year ended December 31, 2007. The newly issued shares will be immediately negotiable within the legal timeframes.
ISSUE OF NEW SHARES. 7.1. Upon the Scheme coming into effect and in consideration of the demerger of the Demerged Undertaking into LSIL, without any further act or deed on the part of LSIL, LSIL will issue and allot 89,86,98,382 equity shares of Re.1 each (the "New Shares"). The New Shares will be issued to registered fully paid-up equity shareholders of UVSL in the ratio of 68:100, i.e. 68 equity shares of Re.1 each credited as fully paid up in LSIL for every 100 equity shares of Rs.10 each fully paid up held by them in UVSL) (the "New Shares Entitlement Ratio"). The New Shares will be issued to registered fully paid-up equity shareholders of UVSL whose names are recorded in the register of equity shareholders of UVSL on the Record Date which may be prior to the reduction of paid-up share capital and sub-division of face value of shares of UVSL, as more particularly provided under Clauses 9.1 and 9.3 of this Scheme.
ISSUE OF NEW SHARES. Article 5
ISSUE OF NEW SHARES. 14.1 Pre-emption Unless otherwise agreed by the Shareholders, if the Company proposes to issue any Shares following the Effective Date to any person, including a Shareholder, the Company must:
ISSUE OF NEW SHARES. As at the date of this announcement, the issued and paid-up share capital of the Company is SGD$89,840,988, comprising 1,539,452,227 ordinary shares (“Shares”). Upon completion of the Agreement, the existing issued and paid-up share capital of the Company will increase from SGD$89,840,988 comprising 1,539,452,227 Shares to SGD$90,090,988, comprising 1,545,549,788 Shares. Financial Impact Based on the audited FY2005 Full-Year Financial Statement of the mDR Group, the Agreement does not have a material impact on the net tangible asset per share or on the earnings per share of the Group.
ISSUE OF NEW SHARES. 6.1 The issued share capital of the Investment Vehicle may from time to time be increased by such sum as shall be mutually agreed between the parties in accordance with this clause 6 but so that (unless the parties agree otherwise) no Shares shall be issued other than to a member of the AB Group and BMP Group.
ISSUE OF NEW SHARES. Subject to clauses 4 and 6, on the First Settlement Date, in consideration for payment by the Investor of the Purchase Price, the Company shall issue the New Shares to the Investor, and enter the name of the Investor in the register of shareholders of the Company as holder of the New Shares.
ISSUE OF NEW SHARES. The Company warrants that, on the Completion Date, the Company shall be entitled to allot the shares described in Clause to [the Founders and the RPO] on the terms of this Agreement and without the consent of any other person.
ISSUE OF NEW SHARES. Subject to the approval of a Unanimous Resolution, the Board may issue further Shares In the Company (Including different Classes of Shares) which:
ISSUE OF NEW SHARES. Subject to clause 5, the Board may, with the approval of the Shareholders by Special Resolution, issue further Shares in the Company (including different Classes of Shares) which:
