Devolved Shares definition

Devolved Shares means the Minimum Subscription minus the Valid Bids received as on the Bid Closing Date.
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Devolved Shares means the Offered Shares (excluding the Assured Subscription) for which no valid subscriptions are received during the Rights Issue Period, after considering any withdrawals and technical rejections.
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Examples of Devolved Shares in a sentence

  • The Company shall make available to the Underwriters, the manner of computation of the Expected Devolved Shares, and also furnish a certificate in support of such computation from an independent Chartered Accountant.

  • The Company shall make available to the Underwriters, the manner of computation of the Devolved Shares, and also furnish a certificate in support of such computation from an independent Chartered Accountant.

  • The Company shall pay each Underwriter an Underwriting Fee at such percentage of their respective Underwriting Commitment as stated against the name of such Underwriter in the table below, irrespective of whether any subscription is received or any amount is devolved (with respect to the Devolved Shares).

  • The Final Devolvement Notice shall state the following details: (i) Expected Devolved Shares as provided under the Devolvement Intimation; (ii) cases of technical rejections/withdrawals; and (iii) Top-Up Shares.

Related to Devolved Shares

  • Option Shares shall have the meaning ascribed to such term in Section 2.2(a).

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.

  • Covered Shares means, with respect to the Shareholder, (i) the Existing Shares, together with (ii) any shares of Common Stock or other voting capital stock of the Company and any securities convertible into or exercisable or exchangeable for shares of Common Stock or other voting capital stock of the Company, in each case under this clause (ii) that such Shareholder acquires Beneficial Ownership of on or after the date hereof.

  • Founder Shares shall have the meaning given in the Recitals hereto and shall be deemed to include the shares of Common Stock issuable upon conversion thereof.

  • Retained Shares has the meaning set forth in the recitals.