Initial announcements Clause Samples
The 'Initial announcements' clause governs how and when the parties to an agreement may make public statements or disclosures about the existence or terms of their arrangement. Typically, this clause requires that any initial press releases or public announcements be mutually agreed upon, often mandating prior written consent from all parties involved. By setting these requirements, the clause helps prevent unauthorized or premature disclosures, ensuring that sensitive information is released in a controlled and coordinated manner, thereby protecting the interests and reputations of all parties.
Initial announcements. As soon as reasonably practicable after this Agreement is signed, ▇▇▇▇▇▇▇ must issue the Initial Announcement, which must include the Director Recommendation, to NZX and ASX.
Initial announcements. Immediately following execution of this agreement the Company must issue an announcement in a form agreed with Apax and including a statement that each Trade Me Director:
(a) recommends that Shareholders vote in favour of the Scheme; and
(b) undertakes to vote, or procure the voting of, all Shares held or controlled by him or her in favour of the Scheme, in each case in the absence of a Superior Proposal and subject to the Independent Adviser's Report concluding that the Consideration is within or above the Independent Adviser’s valuation range for the Shares.
Initial announcements. As soon as reasonably practicable after this agreement is signed Target must issue an announcement in a form agreed with Bidder and including a statement that:
(a) each Target Director recommends that Shareholders vote in favour of the Scheme subject to appropriate disclosure of interest from TBB Directors; and
(b) each Target Director undertakes to vote, or procure the voting of, all Shares held or controlled by him or her in favour of the Scheme, in each case in the absence of a Superior Proposal and subject to the Independent Adviser’s Report concluding that the Consideration is within or above the Independent Adviser’s valuation range for the Shares.
Initial announcements. Immediately following execution of this Agreement the Company must issue an announcement in a form agreed with Meridian and including a statement that each NZ Windfarms Director:
(a) recommends that Shareholders vote in favour of the Scheme; and
(b) undertakes to vote, or procure the voting of, all Shares held or controlled by him or her in favour of the Scheme, in each case in the absence of a Superior Proposal and subject to the Independent Adviser's Report concluding that the Consideration is within or above the Independent Adviser’s valuation range for the Shares.
Initial announcements. As soon as reasonably practicable after this agreement is signed MMH must issue an announcement in a form agreed with the Consortium and including a statement that:
(a) each MMH Director recommends that Shareholders vote in favour of the Scheme; and
(b) each MMH Director undertakes to vote, or procure the voting of, all Shares held or controlled by him or her in favour of the Scheme, in each case in the absence of a Superior Proposal and subject to the Independent Adviser’s Report concluding that the Consideration is within or above the Independent Adviser’s valuation range for the Shares.
Initial announcements. Immediately following execution of this agreement the Company must issue an announcement in a form agreed with the Acquirer and including a statement that each Non-Conflicted Director:
(a) recommends that Shareholders vote in favour of the Scheme; and
(b) undertakes to vote, or procure the voting of, all Shares held or controlled by him or her in favour of the Scheme, in each case in the absence of a Superior Proposal and subject to the Independent Adviser's Report concluding that the Consideration is within or above the Independent Adviser's valuation range for the Shares. For the avoidance of doubt, the parties agree that this agreement will be attached to any announcement made pursuant to this clause 16.1.
Initial announcements. As soon as reasonably practicable after this agreement is signed, the Company must issue to the NZX an announcement in a form agreed with the Acquirer and including a statement that:
(a) each Non-Conflicted Director recommends that Shareholders vote in favour of the Scheme; and
(b) each Non-Conflicted Director undertakes to vote, or procure the voting of, all Shares held or controlled by him or her in favour of the Scheme, in each case in the absence of a Superior Proposal and subject to the Independent Adviser’s Report concluding that the Consideration is within or above the Independent Adviser’s valuation range for the Shares.
Initial announcements. As soon as reasonably practicable after this Agreement is signed:
(a) the Target must release the Target Initial Announcement, which must include the Director Recommendation, through the NZX market announcement platform; and
(b) the Bidder must release the Bidder Initial Announcement, through the NZX and Australian Securities Exchange market announcement platforms.
Initial announcements. As soon as reasonably practicable after this agreement is signed ▇▇▇▇▇▇ must issue an announcement advising the market that ▇▇▇▇▇▇ has entered into this conditional agreement in a form agreed with ▇▇▇▇▇▇▇▇▇ and including a statement that:
(a) each Arvida Director recommends that Shareholders vote in favour of the Scheme; and
(b) each Arvida Director undertakes to vote, or procure the voting of, all Shares held or controlled by him or her in favour of the Scheme, in each case in the absence of a Superior Proposal and subject to the Independent Adviser’s Report concluding that the Consideration is within or above the Independent Adviser’s valuation range for the Shares.