Examples of Stock Borrowing Agreement in a sentence
Following the completion of the Global Offering, the Hong Kong Underwriter and their affiliated companies may hold a certain portion of the Shares as a result of fulfilling their obligations under the Underwriting Agreements and the Stock Borrowing Agreement.
SEAVI Advent has undertaken to our Company that, except for the arrangement under the Global Offering (including the sale of initially 30,750,000 Sale Shares under the International Placing, the Over-allotment Option and the arrangements under the Stock Borrowing Agreement), for a period of six months from the Listing Date, SEAVI Advent will not dispose of, nor will it enter into any agreement to dispose of or otherwise create any options, rights, interests or encumbrances in respect of any of its Shares.
The additional Shares to be allotted and issued pursuant to the exercise of the Over-allotment Option will be allocated to the Placing and/or to satisfy the Sole Bookrunner ’s obligation to return Shares borrowed under the Stock Borrowing Agreement.
In this connection, the Sole Bookrunner will enter into the Stock Borrowing Agreement with Xxxx Xxxx Investment whereby the Sole Bookrunner may borrow up to 18,750,000 Shares from Xxxx Xxxx Investment, equivalent to the maximum number of additional Shares to be offered upon full exercise of the Over-allotment Option, under the Stock Borrowing Agreement.