New Common Shares definition
Examples of New Common Shares in a sentence
Approval for the listing of, and permission to deal in the New Common Shares shall have been duly obtained from the SEHK and such approval not subsequently being revoked prior to Closing.
The Company having obtained the approval of the independent shareholders of the Company in EGM of the issue of the New Common Shares to the Buyer and the granting of a special mandate for the issue of the New Common Shares at Closing pursuant to the terms of this Agreement.
Subject to the satisfaction or waiver of the conditions set forth in Sections 5, 6 and 7 below, the Company shall issue and sell to the Buyer, and the Buyer shall purchase from the Company on the Closing Date (as defined in Section 1(c)(i) below), the New Common Shares (the “Closing”).
All New Common Shares to be issued in the Merger will be issued in book-entry form, without physical certificates.
For the purposes of the Rights Plan, the "Permitted Bid" mechanism will endeavour to ensure that any person seeking to acquire beneficial ownership of more than 20% of the New Common Shares gives shareholders and the New Board sufficient time to evaluate the transaction, negotiate with the acquiror and encourage the making of competing bids, all with a view to maximizing shareholder value.