Examples of CP Shares in a sentence
The CP Shares may be freely transferable subject to the provision of the Company’s Bye-laws relating to the transfer of shares and share certificates and provided that no transfer of a CP Share shall be effected within a period of six months commencing on the date of issue of such CP Share.
However, financial markets could be disrupted again when the extraordinary monetary accommodation in the advanced economies is withdrawn.
So long as the Company remains listed in Hong Kong, the holders of the CP Shares shall not exercise their right to convert the CP Shares into Ordinary Shares of the Company unless at least 25% of the Company’s total issued share capital that is listed on the Stock Exchange is at all times held by the public.
No dividends accrued or paid upon the CP Shares until 31 December 2007.
After two years, if among other things, the closing price of Pipestone Energy common shares is above $1.70 for 20 days over a 30-day trading period, the Liquidation Preference of the CP Shares will automatically convert into common shares at $0.85 per common share.
The Company shall send to the holders of the CP Shares a copy of each document sent to the holders of the Ordinary Shares at the same time as it is sent to such holders.
Holders of the CP Shares are entitled to vote on all shareholder matters and receive dividends paid on common shares, if any, alongside existing holders of the common shares on an “as-converted” basis.
In the event that there are CP Shares outstanding at the end of the five year term the Liquidation Preference of the CP Shares will automatically convert into common shares at either $0.85 per common share, if Pipestone Energy common shares are trading at a price at or in excess of $0.85 per share, or otherwise at a price equal to 95 percent of the previous 20-day volume weighted average common share price.
The Company shall not apply for a listing of any of the CP Shares on any stock exchange anywhere in the world.
The Company shall as soon as possible forward to each holder of converted shares certificate(s) for the appropriate number of fully-paid Ordinary Shares and new certificate(s) for any unconverted CP Shares comprised in the certificate previously surrendered by such holder.