Sale Price. The sale price following negotiation on arm’s length terms between the Company and the placees (each a “Placee” and together the “Placees”) is HK$16.92 per KLN Share, which is within the price range under the Proposed Placing Mandate as approved by the Independent Shareholders at the Special General Meeting held on 27 May 2021. This sale price represents a discount of 10% to HK$18.80 per KLN Share, being the Offer Price payable by the Offeror to the shareholders of KLN accepting the Partial Offer. * For identification purpose only Placees and maximum number of KLN Shares to be sold to each Placee Based on the sale price of HK$16.92 per KLN Share and pursuant to the respective Placing Agreements, the maximum number of KLN Shares to be placed by the Company to each Placee are set out below: Maximum Proportion Maximum proceeds Placees(1) number of KLN Shares to be sold to each Placee(2) of all KLN Shares to be placed to Placees Approximate percentage of the total issued KLN Shares(3) payable by the Placee to the Company (HK$)
Appears in 6 contracts
Samples: Conditional Placing Agreement, Conditional Placing Agreement, Conditional Placing Agreement
