Benchmarked Price definition

Benchmarked Price means the higher of:

Benchmarked Price means the higher of (a) the closing price on the date of the relevant placing agreement or other agreement involving the proposed issue of securities under the general mandate to be approved under this resolution; and (b) the average closing price in the 5 trading days immediately prior to the earlier of: (i) the date of announcement of the placing or the proposed transaction or arrangement involving the proposed issue of securities under the general mandate to be approved under this resolution; (ii) the date of the placing agreement or other agreement involving the proposed issue of securities under the general mandate to be approved under this resolution; and (iii) the date on which the placing or subscription price is fixed.

Benchmarked Price means the price which is the higher of:

Examples of Benchmarked Price in a sentence

• In addition, any shares to be issued under the Share Issue Mandate shall not be issued at a discount of more than 10% to the Benchmarked Price (below the 20% limit permitted under the Listing Rules).

• Nonetheless, given that the Theoretical Diluted Price of HK$0.688 is the same as the Benchmarked Price of HK$0.688 instead of a discount, the Rights Issue would not result in theoretical dilution effect (as defined under Rule 7.27B of the Listing Rules) in terms of value of Shares held by the Qualifying Shareholders who elect not to take up their respective entitlements in full.

• In relation to the general mandate referred to in Resolution (5) in the Notice, an Ordinary Resolution was passed at the Annual General Meeting held on 8 May 2014 giving a general mandate to the Directors to issue up to five per cent of the share capital of the Company in issue and any shares of the Company to be allotted and issued pursuant to this general mandate shall not be at a discount of more than ten per cent of the Benchmarked Price of such shares of the Company.

• Besides, no theoretical dilution effect (as defined under Rule 7.27B of the Listing Rules, representing the discount of the Theoretical Diluted Price to the Benchmarked Price) will be resulted from the Rights Issue since the Theoretical Diluted Price and the Benchmarked Price under the Rights Issue are both HK$0.688.

• In relation to the general mandate referred to in Resolution (5) in the Notice, an Ordinary Resolution was passed at the AGM held on 8 May 2020 giving a general mandate to the Directors to issue up to five per cent (5%) of the total number of shares of the Company in issue and any shares of the Company to be allotted and issued pursuant to this general mandate shall not be at a discount of more than ten per cent (10%) to the Benchmarked Price of such shares of the Company.

• In relation to the general mandate referred to in Resolution (4) in the Notice, an Ordinary Resolution was passed at the Annual General Meeting held on 5 May 2016 giving a general mandate to the Directors to issue up to five per cent of the share capital of the Company in issue and any shares of the Company to be allotted and issued pursuant to this general mandate shall not be at a discount of more than ten per cent to the Benchmarked Price of such shares of the Company.

• In relation to the general mandate referred to in Resolution (5) in the Notice, an Ordinary Resolution was passed at the AGM held on 14 May 2021 giving a general mandate to the Directors to issue up to five per cent (5%) of the total number of shares of the Company in issue and any shares of the Company to be allotted and issued pursuant to this general mandate shall not be at a discount of more than ten per cent (10%) to the Benchmarked Price of such shares of the Company.

• The existing Issuance Mandate granted the Board the authority to issue, subject to the terms thereof, 143,100,875 Shares, representing approximately 10% of the total issued share capital of the Company as at the date of the annual general meeting of the Company held on June 6, 2019, and at an issue price which does not represent a discount of more than 10% to the Benchmarked Price of the Shares.

• Shareholders should note that the terms of the existing Issuance Mandate are more restrictive than the requirements of the Listing Rules, which permit a general mandate granted to the directors to issue shares to not exceed 20% of the total issued share capital of the company and an issue price which does not represent a discount of more than 20% to the Benchmarked Price of the shares of the company.

• Any Shares to be issued under the Issue Mandate for a cash consideration shall not be issued at a discount of more than 10% of the Benchmarked Price of the Shares (as defined below).

More Definitions of Benchmarked Price

Benchmarked Price. ’ means the higher of: (a) the closing price on the date of the relevant placing agreement or other agreement involving the proposed issue of securities under the Issue Mandate; and (b) the average closing price in the 5 trading days immediately prior to the earlier of: (i) the date of announcement of the placing or the proposed transaction or arrangement involving the proposed issue of securities under the Issue Mandate; (ii) the date of the placing agreement or other agreement involving the proposed issue of securities under the Issue Mandate; and (iii) the date on which the placing or subscription price is fixed.”

Benchmarked Price means a price calculated in accordance with

Benchmarked Price means a price demonstrated to the reasonable satisfaction of the Authority to be arrived at on the basis of an objective and like for like comparison by comparing the quality and price of the Works or Services in question, and the quality and price of equivalent works or services by reputable organisations possessing the appropriate expertise;

Benchmarked Price means a price demonstrated to the reasonable satisfaction of the Authority to be arrived at on the basis of an objective and like for like comparison by comparing the quality and price of the Works or Services in question, and the quality and price of equivalent works or services by reputable organisations possessing the appropriate expertise; “Bid Date” means 7 October 2009;

Benchmarked Price is defined in Section 8.7.3(b)(2) of this Agreement.

Benchmarked Price means a price calculated in accordance with■ CONC 5B.2.2R, ■ CONC 5B.2.4R or ■ CONC 5B.2.8R;