Warrant Subscription Price definition
Examples of Warrant Subscription Price in a sentence
We enclose our cheque for £[·] in favour of the Company, being payment at the Warrant Subscription Price for the Shares for which we now wish to subscribe.
Both the Warrant Issue Price and the Warrant Subscription Price are determined based on negotiations on an arm’s length basis between the Company and the Subscriber with reference to the current market sentiment, liquidity flow in the capital market and the historical Share price.
The number of Warrants specified on the signature page hereto at the Subscription Price per Warrant (the product of such number of Warrants and the Subscription Price per Warrant is the Subscriber’s “Aggregate Warrant Subscription Price”; the sum of the Subscriber’s Aggregate Share Subscription Price and Aggregate Warrant Subscription Price is the Subscriber’s “Aggregate Subscription Price”).
If the Employee Investor fails to pay the Warrant Subscription Price when due, such Employee Investor’s warrant subscription will be cancelled and those Warrants will be subscribed for by KBW, Inc.
Placing Price: HK$0.005 per Warrant Subscription Price: HK$0.30 per Warrant Share (subject to adjustment) The Subscription Price is subject to adjustment in the event of, among other things, share subdivision, issue of Shares by way of capitalisation of profits or reserve, capital distribution and issue for cash new Shares at a price which is less than 90% of the then market price of the Shares.
Each Warrant carries the right to subscribe for one (1) Warrant Share at the Warrant Subscription Price.
In the event the Holder does not exercise its option to acquire all the Warrant Shares within the Warrant Exercise Period, the Warrant Subscription Price (in proportion to the unexercised Warrant Value) shall be forfeited by the Holder and the Warrant shall lapse.
The initial Warrant Subscription Price above was determined after arm’s length negotiations between the Company and the Subscribers with reference to the prevailing market price of the Shares, current market sentiment, the Group’s financial position, the historical Share price, liquidity of the Shares in the market and the market conditions.
The Directors (excluding the Independent non-executive Directors whose views will be given after taken into account the advise from the independent financial adviser) consider that both the Warrant Issue Price and the Warrant Subscription Price are fair and reasonable.
In other words, only up to an aggregate 100,000,000 Warrant Shares may be allotted and issued notwithstanding any adjustments to the Warrant Subscription Price.