Examples of Optionholders in a sentence
To the extent that the outstanding Options have not otherwise lapsed, been cancelled or exercised, the Offeror will make (or procure to be made on its behalf) the Option Offer to the Optionholders to cancel every vested and unvested outstanding Option (regardless of whether they are exercisable on, before or after the Record Date) in accordance with Rule 13 of the Takeovers Code, subject to the Scheme becoming effective.
The Independent Board Committee, which comprises all non-executive Directors who are not interested in the Proposal, namely, Mr. Xxxx Xx, Xx. Xxx Xxxxx, Mr. Xx Xxxxxxx Xxx Xxxxx and Xx. Xxx Jianjun, has been established by the Board to make a recommendation to (i) the Independent Shareholders as to whether the terms of the Proposal are, or are not, fair and reasonable and as to voting and (ii) the Optionholders as to its views on acceptance of the Option Offer.
Independent Shareholders and the Optionholders are advised to review carefully the Composite Document.
In accordance with the Takeovers Code, the Company is required to send the offeree board circular in relation to the Offers to the Independent Shareholders, the Bondholders and the Optionholders within 14 days of the posting of the offer document, or such later date as the Executive may approve.
It is expected that the Composite Document will be despatched to the Shareholders and the Optionholders in accordance with the requirements of the Takeovers Code.