Rationale of the Proposed Investor Transactions Sample Clauses

Rationale of the Proposed Investor Transactions. The Company is of the view that the investment by the Investor through the Proposed Investor Transactions is beneficial to the Company and the Group as the Proposed Investor Transactions, if completed, will allow for certainty of funding resulting in the Company being able to strengthen its financial position, which is vital for the continuity of the Company as it will allow the Group to access funds to improve its cashflows, reduce its outstanding debt obligations and continue as a going concern. Specifically, (a) the entry into the Loan Agreement will allow for the Group to have access to interim funding required for its working capital, pending the completion of the Proposed Investor Transactions; (b) the Convertible Loan Note when issued to the Investor upon completion of the Proposed Investor Transactions will provide the Group with the necessary funds to restructure its existing equipment business and fund its operations; and (c) the Options will allow the Group to have access to additional funds as and when the Investor exercises its Options in accordance with the terms of the Options Agreement. The Directors are of the opinion that, as of the date of this announcement, after taking into consideration the Proposed Investor Transactions and the proceeds therefrom, the Debt Conversion and its present banking facilities, the working capital available to the Group is sufficient to meet its present requirements and that the Company will be able to operate on a going concern and therefore, have a viable proposal for the resumption of trading of its Shares.
Sample 1
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Related to Rationale of the Proposed Investor Transactions

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