Examples of WHB Shares in a sentence
Partnering has become a pre-qualification requirement in recent years.
The Examination Board can only deliberate legitimately if at least half of its members are present.
On 26 May 2014, WHB announced that 247,500 vested Awards had been exercised into new WHB Shares and that there were 1,316,000 unvested Awards outstanding.
On 2 April 2014, the Offeror completed the acquisition of 7,704,500 WHB Shares from the Selling Shareholder representing approximately 2.50 per cent.
On 3 April 2014, WHB announced that all of the outstanding 460,000 Options as described in the Announcement and 248,000 vested Awards were exercised by the relevant WHB Optionholders into new WHB Shares, and that there were no more outstanding Options.
Based on the above and assuming no Awards are exercised before the Offer Closing Date, the Offers are valued at (i) approximately HK$37,748 million assuming valid acceptances of the Share Offer are received in respect of all WHB Shares; and (ii) approximately HK$18,874 million assuming valid acceptances of the Share Offer are received in respect of 50 per cent.
The directors of the Offeror and the new directors to be appointed to the WHB Board jointly and severally undertook to the Stock Exchange to take appropriate steps to ensure that sufficient public float exists in the WHB Shares.
In the event that all outstanding Awards are exercised prior to the Offer Closing Date, WHB will have to issue 1,316,000 new WHB Shares, representing approximately 0.42 per cent.
In this connection, it should be noted that, upon the closing of the Offers, there may be insufficient public float for the WHB Shares and therefore trading in the WHB Shares may be suspended until a prescribed level of public float is attained.
Such WHB Shares, together with the irrevocable undertakings in respect of the IU Shares and AIU Shares, represent approximately 50.66 per cent.