Date of Issue and Settlement definition
Date of Issue and Settlement means the date and time on which the New Shares for the Assigned Preemptive Rights are issued as a result of the exercise by the Subscription Agent subject to the instructions received by the Bookrunners, which shall not be later than the fourth Business Day following the determination date of the public offering price of the New Shares in the Offer.
Examples of Date of Issue and Settlement in a sentence
If the Assigned Preemptive Rights are exercised, on the Date of Issue and Settlement, the Subscription Agent shall transfer the Preemptive Rights New Shares to the accounts and to the persons indicated in the notices received in accordance with Schedule IV to this Agreement.