Common use of The Proposal Clause in Contracts

The Proposal. Under the Proposal, if the Scheme becomes effective, the Disinterested Shareholders will receive from the Offeror the Cancellation Consideration in cash for every Scheme Share cancelled and the WMVL Shareholders will receive, for each of their Scheme Shares cancelled, the WMVL Cancellation Consideration. The Cancellation Consideration Price of HK$6.30 in cash for every Scheme Share cancelled under the Scheme represents: (a) a premium of approximately 19.54% over the closing price of HK$5.2700 per Share as quoted on the Stock Exchange on the Last Trading Day; (b) a premium of approximately 23.34% over the average closing price of approximately HK$5.1080 per Share based on the daily closing prices as quoted on the Stock Exchange for the 5 trading days up to and including the Last Trading Day; (c) a premium of approximately 23.60% over the average closing price of approximately HK$5.0970 per Share based on the daily closing prices as quoted on the Stock Exchange for the 10 trading days up to and including the Last Trading Day;