Sentences with phrase «into ordinary shares»

Others may convert into ordinary shares, or be written off completely if the issuer experiences financial difficulty.

Reading through the prospectus, Daniel is surprised to learn that if BIG Bank experiences a «loss absorption event», his capital notes will automatically convert into ordinary shares in BIG Bank.

After all, Bankia, which was part nationalised on Wednesday after conversion of $ 4.5 bn in state aid into ordinary shares, had yet to meet February's provision requirements.

Alistair Darling announced a new # 50 billion Bank of England fund to purchase corporate assets from banks, that Northern Rock may no longer rapidly reduce its mortgage book and that the Government will convert its stake in RBS into ordinary shares, taking up perhaps 70 per cent of RBS.

Your investment may convert into ordinary shares instead of being repaid in cash, and this may occur years before or after the scheduled date.

Upon a specified conversion event occurring, the Convertible Notes will convert into ordinary shares at a conversion rate reflecting a conversion price equal to the lesser of a price cap per share or a discount of 20.0 % to the per share price of the Company's ordinary shares.

Convertible bonds A convertible bond issued by a public company is one that starts as a bond but that can also be converted into ordinary shares in that company at any time before the bond matures, and at a previously specified price...

Are there any trigger events (such as «loss absorption» or «non-viability») where your hybrid may convert into ordinary shares, or be written off completely?

By participating in the ICO, investors will be granted exclusive tokenholder rights that entitle them to receive payments, equivalent to shareholder dividends as well as convert them into ordinary shares.