GENERAL MANDATE Sample Clauses

GENERAL MANDATE. Pursuant to a general mandate granted by the Shareholders at the annual general meeting of the Company held on 26 June 2024, the Directors may exercise all powers of the Company to allot, issue or deal with additional Shares of not exceeding 20% of the total number of 793,135,692 Shares, being the issued share capital of the Company as at the date of that annual general meeting. Pursuant to the general mandate, the total number of new Shares that the Company has been authorised to issue is 158,627,138 Shares. As at the date of this announcement, no Shares have been allotted and issued pursuant to such general mandate. Accordingly, such general mandate is sufficient for the issue of the Subscription Shares and therefore the issue of the Subscription Shares is not subject to separate Shareholders’ approval. The issue of the Subscription Shares will utilise 100% of such general mandate.

GENERAL MANDATE. Under the General Mandate, the Company is authorized to issue up to 526,392,763 Shares. Up to the date of this announcement, no Share has been issued under the General Mandate. The maximum of 222,000,000 Subscription Shares and 278,000,000 Placing Shares (500,000,000 Shares to be issued in aggregate) will be issued under the General Mandate. Accordingly, the issue of the Subscription Shares and Placing Shares is not subject to approval of the Shareholders.

GENERAL MANDATE. The Conversion Shares will be allotted and issued pursuant to the General Mandate. As at the date of this announcement, the Company has utilised approximately 41.21% of the General Mandate. The 641,176,470 Conversion Shares to be allotted and issued upon full exercise of the Conversion Rights, will further utilise approximately 52.84% of the General Mandate. Therefore, the number of the Conversion Shares will not exceed the authorisation under the General Mandate. Accordingly, the issue of the Conversion Shares will not be subject to the approval of the Shareholders.

GENERAL MANDATE. Upon the conversion in full of the Convertible Bonds, a maximum of 357,400,000 Conversion Shares shall be allotted and issued under the General Mandate. Under the General Mandate, the Company is authorized to allot, issue and otherwise deal with the new Shares (including the issue of any securities convertible into Shares, or options, warrants or similar rights to subscribe for any Shares) up to a maximum of 20% of the aggregate number of the issued Shares as at the date of passing the resolution approving such mandate, which amounts to 357,415,200 new Shares. The General Mandate has not been utilized prior to the date of this announcement. As such, the General Mandate will be sufficient for, and no further Shareholders’ approval is required for, the allotment and issue of the Conversion Shares. The Board confirms that there has not been any equity fund raising exercise made by the Company in the twelve months immediately preceding the date of this announcement.

GENERAL MANDATE. The maximum of 20,960,000 Placing Shares will be issued and allotted under the General Mandate. As at the date of this announcement, the General Mandate has not been utilised since it was granted on 17 June 2013 and the number of new Shares that could be issued by the Company under the General Mandate is 20,975,926 Shares (equivalent to 419,518,525 Shares before the capital reorganisation becoming effective on 18 June 2013, details of which are set out in the circular of the Company dated 24 May 2013). Accordingly, the allotment and issue of the Placing Shares should not be subject to any approval by the Shareholders.

GENERAL MANDATE. 1.1 The Commission will administer this Agreement in the best interests of the people of Six Nations and in accordance with the highest principles of health, safety, security, honesty, integrity, and transparency.

GENERAL MANDATE. On 6 June 2022, shareholders of the Company granted the General Mandate to the directors of the Company to issue and allot for an aggregate number not exceeding 20% of 7,006,631,478 shares, being the then issued shares of the Company. The Swap Shares will be issued under the General Mandate. Up to the date of this announcement, no Share has been allotted or issued pursuant to the General Mandate. Accordingly, the issue of the Swap Shares is not subject to any further approval of the shareholders.

GENERAL MANDATE. The New Shares will be issued under the General Mandate to allot, issue and deal with ▇▇▇▇▇▇ granted to the Directors by resolution of the Shareholders passed at the annual general meeting held on 12 June 2008 subject to the limit up to 20% of the then issued share capital of the Company as at the date of the annual general meeting. Under the General Mandate, the Company is authorized to issue up to 122,416,363 Shares. Up to the date of this announcement, no new Shares had been issued under the General Mandate. Upon completion of the Subscription, 122,000,000 Shares will be issued under the General Mandate and the balance of 416,363 Shares will remain outstanding under the General Mandate. The Subscription and the issue of the New Shares are not subject to Shareholders’ approval. Completion of the Subscription is conditional upon:

GENERAL MANDATE. The maximum number of Consolidated Shares that can be issued under the General Mandate is 580,428,139 Consolidated Shares, being 20% of the theoretical total number of Consolidated Shares in issue as at the date of the annual general meeting of the Company held on 16 June 2022. As at the date of this announcement, the Company has allotted or issued 58,000,000 Consolidated Shares under the General Mandate in accordance with the share subscription agreement dated 23 February 2023. Based on the adjusted Conversion Price of HK$0.50 per Conversion Share, a total of 200,000,000 Conversion Shares will be allotted and issued under the General Mandate upon full conversion of the Convertible Notes. After completion of the issue and allotment of the Conversion Shares upon full conversion of the Convertible Notes, the maximum number of Consolidated Shares that can be allotted and issued under the General Mandate will be 322,428,139. The following table sets out the shareholding structure of the Company (i) as at the date of this announcement; and (ii) immediately upon full conversion of the Convertible Notes at the adjusted Conversion Price, assuming there are no changes in the issued share capital of the Company from the date of this announcement and up to the date of the full conversion of the Convertible Notes, for illustration purposes only: Name of Shareholders As at the date of this announcement Immediately upon full conversion of the Convertible Notes Number of issued Consolidated Shares Approximate % Number of issued Consolidated Shares Approximate % ▇▇. ▇▇▇ 1,944,060,555 (Note) 65.67 1,944,060,555 (Note) 61.52 The Subscriber – – 200,000,000 6.33 Public Shareholders 1,016,080,142 34.33 1,016,080,142 32.15 Total 2,960,140,697 100.00 3,160,140,697 100.00 Hong Kong, 5 May 2023