Examples of Offer Shares in a sentence
Pursuant to Rule 26.1 and Rule 13.5 of the Takeovers Code, subject to Completion, the Offeror is required to make unconditional mandatory cash offers to acquire (i) the Offer Shares; and (ii) the Offer Warrants.As at the date of this joint announcement, the Company has (i) a total of 480,000,000 Shares in issue; and (ii) 96,000,000 Warrants conferring the rights to subscribe for 96,000,000 new Shares with an exercise price of HK$4.00 per new Share (subject to adjustments).
The Offer Shares to be acquired under the Share Offer shall be fully paid, free from any encumbrances and together with all rights attached and accrued to them, including all rights to any dividend or other distribution declared, made or paid on or after the date on which the Share Offer is made, being the date of despatch of the Composite Document.
We give my/our consent to the Acquirer to file any statutory documents on my/our behalf in relationto accepting the Offer Shares in this Open Offer.
Hong Kong stamp duty The seller’s Hong Kong ad valorem stamp duty arising in connection with acceptance of the Share Offer at a rate of 0.13% of the consideration payable in respect of the relevant acceptances or, if higher, the market value of the Offer Shares subject to such acceptance, will be deducted from the amounts payable to Independent Shareholders who accept the Share Offer.
Post-completion of acquisition of Offer Shares as contemplated under this Offer and pursuant to the transfer of Sale Shares as contemplated under the Share Purchase Agreement, the Acquirer shall hold majority of the Equity Shares of the Target Company by virtue of which they will be in a position to exercise effective management and control over the Target Company.