Preferential Offer definition
Examples of Preferential Offer in a sentence
Pursuant to this Reorganization Agreement, and subject to the corresponding statutory approvals, Shareholders shall be granted an option (hereinafter the “Option”), simultaneously with the opening of the Preferential Offer Period, to subscribe 9,389,919,856 new Company payment shares for a term of 24 months after the date of the Deliberative Meeting approving the Proposal, at a subscription price of $5.75 per share (yielding a rate of 2.00 new shares for each current share).
The Option on these new payment shares shall be offered preferentially to Shareholders with right to subscribe them (those registered with the Enjoy Shareholders Registry as of midnight on the fifth business day prior to the start date of the Preferential Offer Period), at a subscription price of $5.75 (five point seven five pesos) per share, who may exercise the Option (and ultimately subscribe the shares at the aforementioned price of $5.75) within 24 months after the date of the Deliberative Meeting.
Within 15 banking days after expiration of the Preferential Offer Period, the Debtor Company must undertake to make mandatory prepayment of the rescheduled Unsecured Loans (hereinafter the “Prepayment Date”).
Out of the gross proceeds from the Share Offer, approximately HK$100.8 million (instead of HK$67.2 million) (representing such proceeds raised from the Public Offer and the Company’s Placing (including the Preferential Offer)) shall be receivable by the Company and approximately HK$100.9 million (instead of HK$67.2 million) (representing such proceeds raised from the Investors’ Placing) shall be receivable by the Investors.
Out of the approximately HK$100.8 million gross proceeds receivable by the Company from the Public Offer and the Company’s Placing (including the Preferential Offer), approximately HK$90.0 million will be paid into the Creditors Schemes.
As at 4 May 2006, ABN AMRO Bank N.V. held 39,299,537 shares in Tianjin Development and will therefore have the right to subscribe for 2,480,498 Reserved Shares under the Preferential Offer.
Having evaluated the documentation requirements for the Open Offer and the Share Offer, the parties to the Revised Restructuring Framework Agreement consider that the replacement of Open Offer by Preferential Offer could simplify the deal structure and expedite the progress of the Proposed Restructuring while the assured entitlements of the Qualifying Shareholders under the existing Proposed Restructuring would not be affected.
The Creditors Schemes Consideration in the amount of HK$90,000,000 shall be satisfied in full from the proceeds of the Public Offer and the Company’s Placing (including the Preferential Offer), payable upon completion of the Share Offer.
The Reserved Shares is offered by the Company pursuant to the Preferential Offer to the Qualifying Lumena Shareholders as Preferential Entitlements under the Company’s Placing.
If, within [****] of receipt of the Grant Impunity Notice and the Q Preferential Offer, Q has not accepted the Q Preferential Offer, then Q's right to increase its ownership in EverQ to a level equal to the percentage then held by E and [****] shall terminate.