Examples of CLI Shares in a sentence
Chairman replied that the shareholders would have to wait for CLI to be listed and thereafter apply the cash consideration that they will be receiving pursuant to the Scheme to purchase more CLI Shares in the open market.
He informed that shareholders at the EGM held before the Scheme Meeting had earlier approved the proposed capital reduction and distribution in specie of CLI Shares and CICT Units.
A weather maintenance policy should also be put in place to further protect the City.
The number of CLI Shares to be distributed pursuant to the CLI DIS and the percentage shareholding represented by such CLI Shares will be equal to the number of Shares held by the Eligible Shareholders and the percentage shareholding represented by such Shares as at the Record Date.
Chairman informed that the Special Resolution to reduce the share capital of the Company and the distribution in specie of CLI Shares and CICT Units which was proposed at the EGM held before the Scheme Meeting, was approved.
He added that the Special Resolution to approve the capital reduction and the distribution in specie of CLI Shares and CICT Units, and the Scheme Resolution to approve the Scheme of Arrangement, were inter-conditional as further explained in the Scheme Document.
Mr Andrew Lim, Group CFO added that all shareholders would receive the CICT Units, as well as the CLI Shares, upon listing of CLI.
Additionally, regular COVID-19 forums for students to receive updates, express concerns, and share ideas will be implemented.
The Nomination and Remuneration Committee has laid down the criteria for Directors’ appointment and remuneration including criteria for determining qualification, positive attributes and independence of a Director.
The final number of CLI Shares that will be released will range from 0% to 300% of the baseline award depending on the achievement of pre-determined targets over a five-year performance period.