Board Changes. The following actions shall be effective immediately following the tenth (10th) day after the Company distributes to its shareholders the Section 14(f) Statement:
Board Changes. Increasing or decreasing the size of the Board or otherwise changing its composition (other than as expressly permitted under this Article II).
Board Changes. The Company is delighted to announce that Xxxxx Xxxxxxx has joined the Board as the Independent Non-Executive Chairman of the Company with immediate effect. Xx Xxxxxxx is a senior partner in a firm of solicitors, Xxxxxxxx Xxxxxxxx LLP, and heads that firm’s X. Xxx audidittiony, MrCapital Xxxxxxx sits on the board of another AIM company, Imagin Corporate Finance Experts group. He is a former Qualified Executive for the purposes of the AIM Rules for Nominated Advisers and was a regulated individual in Numis Securities Limited providing Main Market sponsor advisory services. Xx Xxxxxxx advises a number of Nominated Advisers and companies on, amongst other things, matters pertaining to resources. The Company is also pleased to announce that Xxxx Xxxxxxx, acting Chief Executive Officer and Managing Director of Central Rand Gold (Netherlands Antilles) N.V. and, for the past nine months, Chief Executive Officer of Central Rand Gold South Africa Proprietary Limited, has joined the Board as Chief Executive Officer with immediate effect. Furthermore, the Company is pleased to announce that Xxx Xxx (“Xxxxxxx”) Xxxxxx has joined the Board as a Non-Executive Director with immediate effect. Xxxxxx Xxxxxx and Xxxx Xxxxxx have stepped down as Interim Non-Executive Chairman and Non- Executive Director, respectively. The Board would like to thank Xxxxxx and Xxxx for their efforts over the course of their service. Appointment of Nominated Adviser & Broker The Company is pleased to announce the appointment of ZAI Corporate Finance Limited as its Nominated Adviser and Broker with immediate effect. Related Party Transaction The Loan is regarded as a related party transaction as defined by the AIM Rules for Companies due to the extent of Xx Xxxx’xxxxxxxxxxxxx in the Company, amounting to 19,704,434 ordinary shares of the Company, representing 9.48% per cent. of the ordinary shares currently in issue. The Board, having consulted with ZAI Corporate Finance Limited, the Company's Nominated Adviser, believes that the terms of this related party transaction are fair and reasonable insofar as the shareholders of the Company are concerned. Relationship Agreement Reflecting his material shareholding and the additional provision of the Loan described above, the Company has entered into a relationship agreement with Xx Xxxx and XXX Corporate Finance, as Nominated Adviser, which regulates the continuing relationship between Xx Xxxx and the Company so as to ensure that the Company will at a...
Board Changes. (a) Immediately prior to the Acceptance Time, Messrs. Sxxxxxx Xxxxxx, Cxxxx Xxxxxx and Mxxxxxx Xxxxxx shall resign from the Board of Directors (the “Board Resignations”).
Board Changes. The Company must procure that:
Board Changes. Subject to the Consideration having been paid to the Scheme Shareholders, the Company must procure that:
Board Changes. Subject to the Consideration having been provided to Shareholders and the Bidder providing evidence to the Directors of this (including an updated share register of the Target showing the issue of the Scrip Consideration to the Scheme Shareholders):
Board Changes. (a) As soon as practicable after the Effective Date for the Ordinary Scheme, Jupiters will use its best endeavours to appoint three nominees of TABCORP to the Jupiters Board and to ensure that all directors of Jupiters, other than the TABCORP nominees, resign.
Board Changes. (a) Conditional upon the Bidder:
Board Changes. (a) On the Implementation Date, CCV must, subject to receiving consents to appointment as director from the relevant persons, take all actions necessary to cause the CCV Board to be comprised of the following members:
