Examples of Initial Offer Shares in a sentence
If the total number of Initial Offer Shares requested by a Trading Participant exceeds the Allocation per TP, additional shares may be sourced from the Initial Offer Shares not taken up by the other Trading Participants.
Nil discussion.COUNCIL RECOMMENDATIONThat the Financial Statements as attached at Attachment One and Two for the months ended 30 November 2010 and 31 December 2010 be noted.(Carried: 9/0)For: Cr Fishwick, Bissett, Boothman, Cooke, Gray, MacRae, Newton, Robbins, Stewart.
The Registrar shall send a transaction confirmation advice confirming every receipt or transfer of the Initial Offer Shares that is effected in the Registry of Shareholders (at the cost of the requesting shareholder).
The Registrar shall send (at the cost of the Company) at least once every quarter a statement of account to all shareholders named in the Registry of Shareholders, except certificated shareholders and depository participants, confirming the number of Initial Offer Shares held by each shareholder on record in the Registry of Shareholders.
Manner of Distribution The Joint Issue Managers, Joint Lead Underwriters and Bookrunners shall, at their discretion, determine the manner by which proposals for subscriptions to, and issuances of, the Initial Offer Shares shall be solicited, with the sale of the Initial Offer Shares to be effected only through the Joint Issue Managers, Joint Lead Underwriters and Bookrunners.
If the total number of Initial Offer Shares requested by a Trading Participant, based on its Firm Undertaking, does not exceed the allocation per TP, the Assigned Joint Issue Manager for the Trading Participants shall fully satisfy the request of such Trading Participant.
The application, once accepted, shall constitute the duly executed purchase agreement covering the amount of Initial Offer Shares so accepted and shall be valid and binding on the Company and the applicant.
The balance, if any, shall be re-distributed among those who have signified a commitment to purchase more than the Allocation per TP in their Firm Undertaking until all the Initial Offer Shares allotted for distribution are fully allocated.
Applicants shall indicate in the proper space provided for in the Application Form the name of the Trading Participant under whose name their Initial Offer Shares will be registered.
Refunds In the event an Application is rejected or the amount of Initial Offer Shares applied for is scaled down, the Joint Issue Managers, Joint Lead Underwriters and Bookrunners, upon receipt of such rejected or scaled down Applications, shall notify the applicant concerned that his Application has been rejected or the amount of Initial Offer Shares applied for is scaled down, and return or refund the amount paid by the applicant with no interest thereon.