Implementation and ranking of the Placement Shares Sample Clauses

Implementation and ranking of the Placement Shares. The Proposed Private Placement will be implemented in one (1) tranche after all approvals required for the Proposals have been obtained, but before the implementation of the Proposed Rights Issue. The Placement Shares shall be placed out via KAF IB acting as the placement agent. The Placement Shares shall, upon allotment and issue, rank pari passu in all respects with the then existing KFM Shares, save and except that the Placement Shares shall not be entitled to any dividends, rights, allotments and/or any other forms of distribution which may be declared, made or paid, the entitlement date of which is prior to the date of allotment of such Placement Shares.