Examples of Share Swap Agreement in a sentence
As Completion is subject to the satisfaction of the Conditions Precedent, the transactions contemplated under the Share Swap Agreement may or may not proceed.
The Board considers that the terms and conditions of the FW Subscription and the Share Swap Agreement are fair and reasonable and in the interests of the Company and the Shareholders as a whole.
Pursuant to the Share Swap Agreement, the tentative completion date for the Share Swap is October 8, 2021.
However, if either party to the Share Swap Agreement fails to obtain the requisite approval from the competent authorities, complete the requisite reporting procedure and obtain requisite corporate approvals (including board of directors and/or shareholders’ meeting approvals) or satisfy the closing conditions in the Share Swap Agreement, it is proposed to authorize the independent director, May Kang to change the completion date together with Woods and to make public announcement.
Since completion of the Share Swap is subject to the fulfillment of the conditions as set out in the Share Swap Agreement, the Share Swap may or may not proceed.