Capital Increases definition
Examples of Capital Increases in a sentence
Following approval of the Capital Increases and in the context of PM’s Extraordinary Shareholders’ Meeting, IPEF commits to cause the Fiduciary Company to waive the Option Right on the New Shares by expressing such waiver in writing within the deadlines set for the exercise of the Option Right under the PM’s Extraordinary Shareholders’ Meeting.
Once the Closing Conditions have been fulfilled or waived, the Capital Increases shall be completed on the Closing Date before the Notary according to the provisions of Clause 3 together with all the other agreements.
Upon the terms and subject to the conditions set forth in this Agreement, IPEF hereby commits to cause the Fiduciary Company to participate to PM’s Extraordinary Shareholders’ Meeting in second call (and not in first call), directly or by proxy, and in the context of such meeting to cast its vote in favour of the Capital Increases.
Each Purchaser acknowledges that it has, independently and without reliance upon the Agent or any of its Affiliates or any other Purchaser and based on such documents and information as it has deemed appropriate, made its own evaluation and decision to enter into this Agreement and to purchase an interest on the Purchased Property and make Capital Increases hereunder.
This Agreement, the Capital Increases Deeds, the Shareholders Agreements, the Services Framework Agreement, the Research Services Agreement and the completion of all the other actions set forth in this Agreement shall be jointly referred to as the “Transaction Documents”, being the whole transaction established in this Agreement referred to as the “Transaction”.
Any Capital Increases during a Distress Situation shall be limited to raising an amount which the Controlling Party, acting reasonably, deems necessary, following consultation with the Minority Party, to: i) cure the Distress Situation; and ii) prevent another Distress Situation from arising within the following twelve months.
Parent ------------------------------------------------ shall subscribe for the increase of the nominal amount of the share held by it in Newco by the nominal value (Nennbetrag) of Euro 3,649,250 pursuant to the conditions of the Share Capital Increases and shall contribute and transfer to Newco eight million (8,000,000) shares of Parent Common Stock.
The Board, including the independent non-executive Directors, is of the opinion that the Capital Increases is conducted based on the following reasons and in the interest of the Company and the Shareholders as a whole: firstly, Qinggang Company, Binhai Xinneng and Jigang Company have recorded poor operational performance and have been loss-making in recent years, and the Capital Increases will enable the equity restructuring of Qinggang Company, Binhai Xinneng and Jigang Company.
Capital Increases m) Conduct any capital increases authorized by the General Shareholders Meeting in accordance with the Public Companies Act.
Accordingly, the Capital Increases constitute connected transactions of the Company under Chapter 14A of the Listing Rules.