Share Allotment definition
Examples of Share Allotment in a sentence
The period from the Bondholder’s application for the D/E Conversion until the allotment of the new ordinary shares of the Parent Company to the Bondholder (the “New Share Allotment Period”) shall be three (3) weeks, provided that no interest shall be paid for the New Share Allotment Period.
The Resolution to be proposed at the Second General Meeting is conditional upon the passing of the Resolutions at the First General Meeting, the Aurora Share Allotment Authority being passed, the approval of the FCA and the London Stock Exchange of the Admission of the New Aurora Shares to the Official List and to trading on the Main Market of the LSE, respectively, and the Directors and the Aurora Directors resolving to proceed with the Scheme.
It is estimated that the proceeds from the Capital Increase and Share Allotment amounted to approximately RMB13,000,000 will be applied for the research and development of new products; approximately RMB3,000,000 will be applied for marketing; approximately RMB1,000,000 will be applied for the establishment of related product research facilities and approximately RMB3,000,000 will be retained for daily working capital.
Pursuant to which, the Company and Fudan Technology Enterprise agreed to give up the pre-emptive rights for share subscription in the Capital Increase and Share Allotment, Kangxin Investment agreed to subscribe and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ agreed to allot and issue shares.
On delivery to the Escrow Agent of the Share Allotment Documents (if required) and the Land Transfer Documents, Sadot shall make immediate payment of the Funds to the Escrow Agent.
In the case of any conflict between the terms of this Agreement and the terms of the Share Allotment Agreement, the terms of this Agreement shall control.
The number of Additional Shares to be sold by each Selling Shareholder to each Underwriter shall be the number that bears the same proportion to such Selling Shareholder's Additional Share Allotment as number of Additional Shares set forth opposite the name of such Underwriter in Column (3) of Schedule I hereto (or such number increased as set forth in Section 9 hereof) bears to 225,000, subject, however, to such adjustments to eliminate any fractional shares as you in your sole discretion shall make.
Notwithstanding the foregoing, acquisitions of M Holdings Stock that would otherwise constitute Prohibited Acts pursuant to clauses (x) and (xi) above shall not constitute Prohibited Acts to the extent the sum of (A) the number of shares of M Holdings Stock acquired in such acquisition, and (B), without duplication, the number of shares described in clauses (ii) and (iii) of Section 2.04, does not exceed the M Holdings Transferrable Share Allotment.
The Capital Increase and Share Allotment will strengthen the capital base of Fukong Hualong and improve its future business development.
On payment of the Funds by the Escrow Agent to the Bank and on release of the Lands title documentation as well as release of Encumbrance documents to the Escrow Agent, the Escrow Agent shall release to Sadot the Share Allotment Documents and the Land Transfer Documents.