Examples of Peoples Shares in a sentence
Peoples has no other options, warrants or other securities issued by Peoples that carry a right to subscribe for or which are convertible into Peoples Shares.
Terms of the Offers Under the terms of the Share Offer, Peoples Shares will be acquired with all rights attached thereto as at the date of the Announcement, or subsequently becoming attached thereto and free from all rights of pre-emption, options, liens, claims, equities, charges, encumbrances and third party rights.
The Offeror will pay the buyer’s ad valorem stamp duty on its own behalf and the seller’s ad valorem stamp duty on behalf of the accepting Peoples Shareholders in respect of the Peoples Shares accepted under the Share Offer.
Based on 743,641,019 Peoples Shares in issue as at the Latest Practicable Date.
The drug treatment court program has a duration of [minimum to maximum] months.
Sellers’ ad valorem stamp duty for the Peoples Shares arising in connection with the acceptance of the Share Offer will be payable by the Peoples Shareholders, at the rate of HK$1.00 for every HK$1,000 or part thereof of the consideration payable by the Offeror for such person’s Peoples Shares or the market value of such person’s Peoples Shares, and will be deducted from the cash amount due to such person under the Share Offer.
On the basis of EBITDA of Peoples for the year ended 31 December 2004 of approximately HK$535 million and 743,641,019 Peoples Shares in issue as at 31 December 2004, the Share Offer Price represents a EV/EBITDA of 6.33 times.
We are of the view that, given the historical trading record of the Peoples Shares and the positive investor sentiment in response to the Offers, it is quite unlikely for Peoples Shares to trade at the price levels represented by the Share Offer Price in the event that the Offers are not declared unconditional and lapse.
We are of the view that the premiums represented by the Share Offer Price over the historical trading prices of Peoples Shares as shown in the table above are either within the range of or comparable to that of the Recent Deals.
Trading Prices The highest and lowest prices at which Peoples Shares were traded on the Stock Exchange during the six-month period immediately prior to the commencement of the Offer Period and up to and including the Latest Practicable Date were HK$4.50 on 1 November 2005 and HK$2.40 on 11 May 2005, 13 May 2005 and 17 May 2005, respectively.