Examples of Selling Notice in a sentence
That notice (Selling Notice) will include details of the price offered for each Share, details of the Proposed Transferee and the place and time for completion (Completion) of the Offer (being the same terms in all respects offered to the Proposing Transferor(s) for their Shares).
We shall reply to the Covenantors and/or his/its subsidiaries and/or his/its close associate(s) (as appropriate) within 30 business days after receiving the Selling Notice.
If the other parties accept the Selling Notice, the Selling Shareholder must make a take-over bid for all Shares at the Set Price and the parties accepting the Selling Notice are obliged to tender into that take-over bid.
If the other parties do not accept the Selling Notice, the Selling Shareholder is free to sell his Shares to third parties at the Set Price or higher.
We shall reply to our Controlling Shareholders within 30 days after receiving the Selling Notice from our Controlling Shareholders.