Carbon Business definition
Examples of Carbon Business in a sentence
INVESTMENT ACCOUNTED FOR USING THE EQUITY METHOD (continued)Carbon Conscious Investments Limited became an associate as at 1 January 2019 post the demerger of the Carbon Business from Alterra Limited.
Subsequently on 19 November 2018, the Company released a Notice of Meeting to shareholders confirming that an Extraordinary General Meeting will be held on 20 December 2018, for the purpose of seeking shareholder approval for the demerger of the Carbon Business.
Recognising the specialized nature of the Activated Carbon Business, the Seller acknowledges and agrees that the duration, geographic scope and activity restrictions of this covenant not to compete are reasonable.
Since 2013, Mr Fitzgerald lead the Alterra internal and external teams that managed compliance with the Carbon Farming Initiative Act to generate Australian Carbon Credit Units, drove a commercial focus into managing the 30 properties (21 million trees on 18,000 Hectares), and developed the science and intellectual property that supports the Carbon Business.
The Company expects no other material changes to its tax position or in relation to how the Carbon Business Contracts are treated for taxation purposes.
The Carbon Business income is expected to enable Carbon Conscious Investments to generate surplus cash flow to its operating requirements, including principal and interest payments against the unsecured loan facility.
As part of its Carbon Business, the Company generates quarterly revenue via the ongoing management of the Carbon Business Contracts with various entities out till 30 September 2027.
As part of the cooperation, the Enterprise Europe Network provides information on events and access to a database of European and international companies in different economic sectors.As an example of leveraging other cooperation funding mechanisms, the Partnership Instrument (of the European External Action Service), is funding the Low Carbon Business Action which was launched in August 2015 and will last for 2 years (1.5MEUR).
If the Demerger is implemented, the value of your Shares in the Company may be less than the value held prior to the Demerger being implemented due to the removal of the Carbon Business from the Company's asset portfolio.
NOTE 28: EVENTS AFTER BALANCE DATEThe following significant events occurred after the year ended 30 September 2018: (a) 14 November 2018 – the Company announced its intention to restructure and demerge its Carbon Business, subject to shareholder approval.