Examples of Eligible Shareholders in a sentence
In no event will Eligible Shareholders and/or Eligible Investors in the Company be allotted more Convertible Notes than they have applied for.
On that date, the Agent, in collaboration with Iberclear, will proceed to determine the number of Surplus Convertible Notes and to allot them to those Eligible Shareholders and Eligible Investors who have requested the allotment of Additional Convertible Notes in accordance with section (e) above (request for Additional Convertible Notes), based on the information sent by the Participants to Iberclear, as indicated by the Agent in the operating instruction sent for that purpose.
The Participants will be responsible for verifying that Eligible Shareholders and Eligible Investors applying for Additional Convertible Notes have exercised all pre-emptive subscription rights they have on deposit with the Participant.
Notwithstanding that applications for Additional Convertible Notes will have no quantitative limit, the maximum effective number of Additional Convertible Notes that may be subscribed for by Eligible Shareholders and Eligible Investors will depend on the number of Surplus Convertible Notes and the conditions and rules of allotment described in paragraph (2.2) of section 5.1.2 of the Securities Note.