Additional Preferred Shares definition

Additional Preferred Shares means any Class A Preferred Shares issued or issuable directly or indirectly with respect to or on account of the Initial Preferred Shares, including Class A Preferred Shares issued by way of share dividend or distribution, stock split or other subdivision or in a combination of stock, recapitalization, reclassification, merger, amalgamation, consolidation or similar capital transactions.

Additional Preferred Shares means all Preferred Shares issued after the Initial Issuance Date.

Additional Preferred Shares shall have the meaning attributable to it in Section 1.02 of the Agreement.

Examples of Additional Preferred Shares in a sentence

• The Investor owns and will own the Current Shares (and will own any Additional Preferred Shares when issued) outright and free and clear of any options, contracts, agreements, liens, security interests, mortgages, pledges, charges, equities, claims or restrictions on transferability or encumbrances of any kind, or other encumbrances, other than those contained in the IRA.

• The number of Additional Preferred Shares or Additional ADSs, as the case may be, shall be adjusted in the same proportion of the Conversion Rate, as established in the escritura de emissão (except in the case of adjustment to the Conversion Rate with the purposes of adding Additional Preferred Shares or Additional ADSs).

• THE PRINCIPAL TERMS OF THE PREFERRED SHARES Issuer: The Company Nominal value: HK$0.10 Issue Price: HK$0.21 per Preferred Share Number of shares offered: Initially 950,000,000 Preferred Shares, subject to the Valuation Adjustment and an upward adjustment of 950,000,000 Additional Preferred Shares, resulting in a maximum of 1,900,000,000 Preferred Shares in total to be issued upon fulfillment of the Profit Warranty.

• The subscription for, and issuance of, any Additional Preferred Shares pursuant to the immediately preceding sentence (such subscription and issuance (if any), together with the Base Subscription, the “Preferred Subscription”) shall be consummated concurrently with the Closing of the Base Subscription.

• ISSUE OF ADDITIONAL PREFERRED SHARES The Board is pleased to announce that, the Profit Warranty as stipulated under the Acquisition Agreement has been fulfilled and the Initial Consideration has been adjusted upward to HK$199.5 million and 950,000,000 Additional Preferred Shares have been issued.

More Definitions of Additional Preferred Shares

Additional Preferred Shares means, and are hereby replaced with, the Additional Series D Shares;

Additional Preferred Shares has the meaning set forth in the recitals hereof.

Additional Preferred Shares means shares of Additional Preferred Stock issued under the circumstances contemplated by Section 3.4.

Additional Preferred Shares means additional shares of Series A Preferred paid as a dividend on shares of Series A Preferred in accordance with Section 3(a)(i).

Additional Preferred Shares means additional shares of Series B Preferred Stock paid as a dividend on the Series B Preferred Stock in accordance with Section 2(a)(ii).

Additional Preferred Shares shall have the meaning set forth in Section 2.2.

Additional Preferred Shares means (i) any series of preferred stock issued pursuant to the Purchase Agreement, as the same may be amended or modified from time to time, other than the Series A Preferred Shares, and (ii) any other securities into which or for which any of the securities described in clause (i) above may be converted or exchanged pursuant to or arising from a plan of recapitalization, merger, sale of assets or otherwise.