Common use of Share Dividends and Share Splits Clause in Contracts

Share Dividends and Share Splits. If the Company, at any time while this Debenture is outstanding: (i) pays a share dividend or otherwise makes a distribution or distributions payable in Ordinary Shares or ADSs on any Ordinary Shares, ADSs or any Ordinary Share Equivalents (which, for avoidance of doubt, shall not include any ADSs issued by the Company upon conversion of the Debentures), (ii) subdivides outstanding Ordinary Shares or ADSs into a larger number of Ordinary Shares or ADSs, (iii) combines (including by way of a reverse share split) outstanding Ordinary Shares or ADSs into a smaller number of Ordinary Shares or ADSs or (iv) issues, in the event of a reclassification of Ordinary Shares or ADSs, any shares of the Company, then the Conversion Price shall be multiplied by a fraction of which the numerator shall be the number of Ordinary Shares or ADSs (excluding any treasury shares of the Company) outstanding immediately before such event, and of which the denominator shall be the number of Ordinary Shares or ADSs outstanding immediately after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

Appears in 3 contracts

Samples: CollPlant Holdings Ltd., CollPlant Holdings Ltd., CollPlant Holdings Ltd.

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Share Dividends and Share Splits. (i) If the Company, at any time while this Debenture is outstanding: (i) pays a share dividend or otherwise makes a distribution or distributions payable in ADSs and/or Ordinary Shares on ADSs and/or Ordinary Shares or ADSs on any Ordinary Shares, ADSs or any Ordinary Share Shares Equivalents (which, for avoidance of doubt, shall not include any ADSs issued by the Company upon conversion of, or payment of interest on, the Debentures), (ii) subdivides outstanding ADSs and/or Ordinary Shares or ADSs into a larger number of Ordinary Shares or ADSsshares, (iii) combines (including by way of a reverse share split) outstanding ADSs and/or Ordinary Shares or ADSs into a smaller number of Ordinary Shares or ADSs shares or (iv) issues, in the event of a reclassification of Ordinary Shares or ADSsShares, any capital shares of the CompanyCompany (each, a “Share Combination Event”, and such date thereof, the “Share Combination Event Date”), then the Conversion Price shall be multiplied by a fraction of which the numerator shall be the number of Ordinary Shares or ADSs (excluding any treasury shares of the Company) outstanding immediately before such event, and of which the denominator shall be the number of Ordinary Shares or ADSs outstanding immediately after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record date for the determination of shareholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

Appears in 1 contract

Samples: Lion Group Holding LTD

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