Examples of Minimum Conversion Price in a sentence
The shareholders of SHIB had, at the extraordinary general meeting held on 5 September 2019 (“EGM”), approved the Notes Issue with an aggregate principal amount of up to RM150 million which is convertible into a maximum of 833,333,333 new SHIB shares based on the Minimum Conversion Price (“MCP”) of RM0.18.
If the Company at any time on or after the Issuance Date subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or more classes of its outstanding shares of Common Stock into a greater number of shares, the Conversion Price and the Minimum Conversion Price in effect immediately prior to such subdivision will be proportionately reduced.
If the Company at any time on or after the Issuance Date combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares of Common Stock into a smaller number of shares, the Conversion Price and the Minimum Conversion Price in effect immediately prior to such combination will be proportionately increased.