Singapore legislation
Regulation 2
Regulation 2
Definitions
In these Regulations, unless the context otherwise requires —“Series A Bonds” means the 5-year and 1-day 2% convertible bonds due August 2010 issued by Uttam Galva Steels Limited for a principal amount of up to US$25 million, which are convertible into ordinary shares of Uttam Galva Steels Limited with a par value of 10 Indian Rupees each;“Series B Bonds” means the 5-year and 1-day 2% convertible bonds due August 2010 issued by Uttam Galva Steels Limited for a principal amount of up to US$20 million, which are —
convertible into ordinary shares of Uttam Galva Steels Limited with a par value of 10 Indian Rupees each; and
redeemable at the option of the holder on 9 August 2008 (subject to satisfaction of certain conditions) at 117.25% of the principal amount;“stabilising action” means an action taken in Singapore or elsewhere by Macquarie Securities Limited, or any of its related corporations, to buy, or to offer or agree to buy —
any of the Series A Bonds in order to stabilise or maintain the market price of the Series A Bonds; or (b)any of the Series B Bonds in order to stabilise or maintain the market price of the Series B Bonds, in Singapore or elsewhere.
Definition
“Series A Bonds” means the 5-year and 1-day 2% convertible bonds due August 2010 issued by Uttam Galva Steels Limited for a principal amount of up to US$25 million, which are convertible into ordinary shares of Uttam Galva Steels Limited with a par value of 10 Indian Rupees each;
Definition
“Series B Bonds” means the 5-year and 1-day 2% convertible bonds due August 2010 issued by Uttam Galva Steels Limited for a principal amount of up to US$20 million, which are —
convertible into ordinary shares of Uttam Galva Steels Limited with a par value of 10 Indian Rupees each; and
redeemable at the option of the holder on 9 August 2008 (subject to satisfaction of certain conditions) at 117.25% of the principal amount;
Definition
“stabilising action” means an action taken in Singapore or elsewhere by Macquarie Securities Limited, or any of its related corporations, to buy, or to offer or agree to buy —
any of the Series A Bonds in order to stabilise or maintain the market price of the Series A Bonds; or (b)any of the Series B Bonds in order to stabilise or maintain the market price of the Series B Bonds, in Singapore or elsewhere.