Ordinary Share definition
Examples of Ordinary Share in a sentence
Upon the issue of the Shares, the Subscriber hereby surrenders to the Company for no consideration the one Class B Ordinary Share held by the Subscriber following the incorporation of the Company.
Each Share Right shall entitle the holder thereof to receive one-tenth (1/10) of one Ordinary Share upon the happening of the Exchange Event (described below).
Subject to Section 3.3.1 and Section 3.3.4 below with respect to the Registered Holders of Share Rights, in the event that the Company is not the surviving entity immediately following the Exchange Event, holders of Share Rights shall be entitled to automatically receive the kind and amount of securities or properties of the surviving entity as the holders of each one-tenth (1/10) of one Ordinary Share is entitled to receive in the Exchange Event.
At the time of the Exchange Event, the Company will instruct the Share Rights Agent to round down to the nearest whole Ordinary Share or otherwise inform it how fractional shares will be addressed in accordance with Cayman Islands law and the Articles.
The offers and sales of the outstanding shares of Ordinary Share were at all relevant times either registered under the Securities Act and the applicable state securities or, based in part on the representations and warranties of the Investors of such shares, exempt from such registration requirements.