Examples of Joint Offerors in a sentence
The Joint Offerors are of the view that it is important for the Company to retain him as both a member of the senior management of the Group and a Shareholder after the completion of the Scheme so that he will be incentivised to continue to contribute to the development of the Group.
The reserve created in the Company’s books of account as a result of the capital reduction will be applied in paying up in full at par the new Shares so issued, credited as fully paid, to the Joint Offerors.
The Joint Offerors do not intend to exercise any rights to compulsorily acquire any OOIL Shares in respect of which the Offer is not accepted.
As these employees are involved in the daily operation and possess experience and expertise which are vital to the business operation of the Group, the Joint Offerors consider that it is important for these employees to retain their interests in the Company through Fengqiang, in order to incentivise continual contribution from these employees to the development of the Group after the completion of the Scheme.
If the Conditions are not satisfied on or before the Offer Closing Date, the Offer will lapse unless the Offer Period is extended by the Joint Offerors (with the consent of the Executive).