Examples of Consent Shares in a sentence
The delivery of Early Consent Shares to Early Consenting Noteholders will be made (at the election of Jaguar with the consent of the Monitor and the Majority Consenting Noteholders) either: (i) by delivery of a Direct Registration System Advice to each Early Consenting Noteholder; or (ii) by delivery of a share certificate to each Early Consenting Noteholder, in any case based on registration and delivery instructions contained in the Rep Letter.
The TLF Consent Shares will be issued and allotted within five (5) Business Days from the date of signing of the facility agreements with the Secured Lenders or any other day as may be agreed between the Company and the Secured Lenders.
The offer of Securityholders Consent Shares by the Company is made in accordance with section 273(ce) of the SFA.
The Securityholders Consent Shares shall, when issued and allotted, be duly authorised, validly issued and credited as fully paid-up, be free from any and all encumbrance, be fully transferable and shall rank for any dividends, rights, allocations or other distributions, the Record Date for which is on or after the date of the issue and allotment of the Securityholders Consent Shares and, subject as aforesaid, shall rank pari passu in all respects with the existing Shares.
The identities of the placees for the Proposed Warrants (2018-Unsecured Lenders) Issue, the Proposed Warrants (2018-Secured Lenders) Issue and the Proposed TLF Consent Shares Issue are commercially sensitive in nature, and requiring the disclosure of their identities may hinder the negotiation progress and timeline of the Refinancing Exercise undertaken by the Company.
As of the date hereof, the Manager, together with one or more members of the Sponsor Group, have sole power to cause the delivery of the Shareholder Written Consent with respect to the Written Consent Shares, as contemplated by the first sentence of Section 1.1, other than the Written Consent Shares held by WLRS Fund I LLC.
Assuming that (i) the entitled Securityholders all submit or deliver voting instructions as aforesaid; and (ii) the Securityholders Consent Shares are issued at the issue price of$0.2763 per Securityholders Consent Share, 11,442,000 Securityholders Consent Shares will be issued by the Company to the entitled Securityholders, representing approximately 0.6% of the Existing Share Capital as at the date of this announcement, and approximately 0.2% of the Enlarged Issued Share Capital of the Company.
An aggregate of up to 65,083,500 TLF Consent Shares will be issued by the Company to the Secured Lenders, representing approximately 3.1% of the Existing Share Capital as at the date of this announcement, and approximately 1.0% of the Enlarged Issued Share Capital of the Company.
The Company had also issued 51,801,003 TLF Consent Shares on 2 July 2018 free of charge to the secured lenders in return for their refinancing of the existing facilities.
The Company is proposing to issue 11,442,000 Securityholders Consent Shares to the Securityholders who submitted or delivered voting instructions voting in favour of the Extraordinary Resolutions in relation to such Series of Securities on or prior to 15 November 2017, and do not subsequently revoke or amend such instructions, at the issue price of S$0.2763 per Securityholders Consent Share.