Brand Licence definition
Examples of Brand Licence in a sentence
The licence fee for each of the Brand Licence Agreements is a nominal one-off amount of HK$100.
The Brand Licence Agreements would therefore be fully exempt from the reporting, announcement and independent shareholders’ approval requirements under Chapter 14A of the Listing Rules.
Such consent, if granted, is expected to be subject to (i) the opinion of the Independent Financial Adviser that the terms of the Brand Licence Agreements are fair and reasonable; and (ii) the approval of the Brand Licence Agreements by the Independent Shareholders by way of poll at the SGM.
The Brand Licence Agreements constitute a special deal in relation to the Partial Offer under Rule 25 of the Takeovers Code and requires the consent of the Executive.
An application has been made by the Company to the Executive for its consent to proceed with the Brand Licence Agreements.