Placees definition
Placees means those persons to whom any of the Placing Shares are to be issued and allotted and "Placee" means any one of them;
Placees. The Placing Shares shall be offered by the Placing Agent to the Placees in board lots of the Shares. The choice of Placees for the Placing Shares shall be determined solely by the Placing Agent, subject to the requirements of the Listing Rules (in particular, the Placing Agent shall use all reasonable endeavours to ensure that Placees shall be parties independent of the Vendor and the Company and the connected persons (as defined in the Listing Rules) of the Company and shall not be parties acting in concert with the Vendor for the purposes of the Vendor for the purposes of the Takeovers Code). If there should be less than six Placees, the Placing Agent shall procure that all necessary consents are obtained from the Placees for the publication of their identities as required by paragraph 13.28 of the Listing Rules, and shall use its best endeavours to ensure that such information is available for incorporation in the Placing Announcement so that no separate or further announcement is required to be made by the Company in respect thereof. Notwithstanding the above, at any time the Placing Agent may elect that some or all of the Placing Shares are purchased by it as principal from the Vendor at the Placing Price and, in that event, the Placing Shares may subsequently be sold by the Placing Agent as principal to purchasers at any price(s) as the Placing Agent in its discretion may determine, without being under any obligation to notify the Vendor of such election or of the number of Placing Shares so purchased as principal, or of the price(s) at which those Shares are sold to purchasers provided that any stamp duty payable in respect of such sale by the Placing Agent as principal shall be borne by the Placing Agent.
Placees means any individual(s), corporation(s) and/or institutional or professional investor(s) procured by the Placing Agent to subscribe for any of the Placing Shares pursuant to the Placing Agent's obligations hereunder;
Examples of Placees in a sentence
No commissions will be paid to Placees or by Placees in respect of any Placing Shares.
In the event any of the Placees becomes a substantial shareholder after completion of the Placing, further announcement will be made by the Company.
Pursuant to the Amended Statement of Claim attached to the Amended Writ, Perfect Growth was named as one of the Alleged Independent Placees (being placees of the placing of shares of the 1st Plaintiff carried out in around October 2015 (“October 2015 Placing”)) and was allotted with some shares of the 1st Plaintiff pursuant to the October 2015 Placing.
As at the date of this announcement, the Placees do not hold any Shares in the Company.
Placee(s) shall be person(s) or party(ies) who/which qualify under Schedules 6 and 7 of the Capital Markets and Services Act 2007.
More Definitions of Placees
Placees. ’ means any person or entity whom the Placing Agent or its agent(s) has procured to subscribe for any of the Placing Shares pursuant to the Placing Agreement;
Placees means the subscribers of the Placing Shares pursuant to the Placing and includes, where the context so requires, the subscribers for the Over-allotment Option Shares;
Placees means any professional, institutional and other investor selected and procured by or on behalf of the Placing Agent to subscribe any of the Placing Shares on the terms and subject to the conditions set out in the Placing Agreement
Placees means persons to be procured by the Bookrunner who agree to subscribe for Placing Shares;
Placees means the persons who agree conditionally to acquire the Placing Shares pursuant to the Placing.
Placees means persons by whom or on whose behalf a commitment to acquire Placing Shares has been given and "Placee" means any one of them;
Placees means persons procured by Investec to subscribe for the Placing Shares in accordance with the provisions of this Agreement;