New Share Issuance. If new shares are issued at a price lower than the issue price, the issue price shall be adjusted as follows: Adjusted issue price = (total number of outstanding shares before the share issuance x issue price before adjustment + the number of new shares issued x the issue price per share of the new shares issued) / (total number of outstanding shares before the new share issuance + the number of new shares issued)
Appears in 2 contracts
Sources: Board of Directors Stock Option Plan, Board of Directors Stock Option Plan