The 625,740 options have an exercise term
of eight years as of the date of the offer and an exercise price of EUR 28.
The warrants are immediately exercisable and have an exercise term
of five years and one year, respectively.
The exercise term
is five years and the exercise price is USD4.
Each unit will consist of one Constellation common share and one whole common share purchase warrant with a five-year exercise term
Southern District Court in Manhattan on October 20, 2000, the use of the term "Pilates" cannot be restricted by a trademark, making it as generic an exercise term
as yoga or aerobics.
The two most significant variables are the expected stock price volatility and expected exercise term
Under the agreements, London Mining has allocated warrants of more than 2,768,508 shares or 2% of the existing share capital to FirstRand Bank, with extra shares release option provided that there is issuance of any new shares during the exercise term
, subject to the exercise of existing outstanding share options, awards or convertible instruments.
The warrants have an exercise term
of eight years as of the date of the offer and an exercise price of EUR 19.
The share purchase warrants shall expire on the earlier of the last day of the one year exercise term
or the Accelerated Expiry Date.