Examples of Consideration Warrants in a sentence
The Exchange Offer is not conditional upon any particular number of the Consideration Warrants being transferred to TORM A/S.
The shareholdings of those TORM A/S shareholders (at the time of giving those undertakings) represent 81% of the TORM A/S A shares and 70% of the TORM A/S Consideration Warrants, but the numbers of TORM A/S A shares and Consideration Warrants actually assented to the Exchange Offer may be lower or higher, perhaps significantly so.
Any TORM A/S Consideration Warrants that remain unexercised at the end of that four (4) week period will lapse automatically without compensation.
If Treasury exercises the Consideration Warrants on or before September 1, 2020, it will receive an additional non-transferable common share purchase warrant (a "Secondary Warrant") for each Consideration Warrant exercised.
In the event of such withdrawal, TORM plc will not be required to exchange any TORM A/S shares and/or transfer any Consideration Warrants tendered in the Exchange Offer, and any tenders of TORM A/S shares and/or Consideration Warrants will have no legal effect.