Examples of Existing Shareholder in a sentence
The Founders [and the Existing Shareholders] further agree that payment by the Investors to each Founder [and each Existing Shareholder] of £1.00 (receipt of which is hereby acknowledged), and the investment by the Investors in the Company, alone and together amount to good consideration in respect of the obligations of the Founders [and the Existing Shareholders] under this agreement.
Existing Shareholders of the Company as of the Record Date shall retain their Common Shares (subject to the Share Consolidation pursuant to the Plan, the "Existing Shareholder Shares"), and subject to dilution resulting from the issuance of the New Shares pursuant to the Plan, which Existing Shareholder Shares shall equal 8% of the Pro Forma Common Shares following the Effective Time, subject to dilution for the Backstop Shares.
The Cash Consideration Election shall only be considered valid if the registered Existing Shareholder exercising such election deposits with the Depositary a duly completed and executed Letter of Transmittal, with such election indicated therein, along with any such additional documents and instruments as the Depositary may reasonably require and set forth in the Letter of Transmittal, prior to the Election Deadline.
On the date of the Prospectus, an Existing Shareholder holding 1% of the share capital (on a non-fully diluted basis) of the Issuer and who does not exercise its Priority Allocation right, would experience a maximal dilution of 6.67% in terms of voting rights if all Convertible Bonds are converted into new Ordinary Shares.
To the extent that an Existing Shareholder does not exercise its Priority Allocation rights to subscribe for the Convertible Bonds, such Existing Shareholder’s proportionate ownership and voting interest in the Issuer is likely to be reduced, and the percentage that such shareholder held in the Issuer’s share capital prior to the issuance of new Ordinary Shares as a result of the exercise of Convertible Bonds will accordingly be reduced.