ED Shares definition
Examples of ED Shares in a sentence
The Subscription Shares will be allotted and issued free of any Encumbrance, and will rank pari passu in all respects among themselves and all other issued ED Shares as at the Completion Date in all respects, including the right to receive all dividends declared or payable or distribution made or proposed to be made by Enterprise Development at any time by reference to a record date falling on or after the Completion Date.
Enterprise Development has not bought back any ED Shares within the last 30 days prior to the date of the Announcement.
The issue of the Subscription Shares is not subject to ED Shareholders’ approval as the Subscription Shares will be allotted and issued under the General Mandate granted to the directors of Enterprise Development by a resolution of the ED Shareholders passed at the AGM subject to the limit of up to 20% of the aggregate number of ED Shares in issue as at the date of the AGM (i.e. 126,362,155 ED Shares, representing approximately 20% of 631,810,778 ED Shares in issue as at the date of the AGM).
On 30 September 2020 (after trading hours of the Stock Exchange), Enterprise Development entered into the Subscription Agreement with the Subscriber, pursuant to which the Subscriber has conditionally agreed to subscribe for and Enterprise Development has conditionally agreed to allot and issue the Subscription Shares, being 126,362,155 new ED Shares, at the Subscription Price of HK$0.168 per Subscription Share.