Examples of Continuing Connected Transactions in a sentence
Each of the members of the Independent Board Committee has confirmed that he/she has no material interest in the Continuing Connected Transactions.
The Continuing Connected Transactions, the Framework Comprehensive Services Agreement and the Proposed Annual Caps will be subject to approval by the Independent Shareholders in the EGM by way of poll where GRGC and its associates will abstain from voting.
An Independent Board Committee has been established to advise the Independent Shareholders in relation to the Continuing Connected Transactions, the Framework Comprehensive Services Agreement and the Proposed Annual Caps.
At the extraordinary general meeting of the Company held on 21 December 2010, the then Independent Shareholders approved the Existing Continuing Connected Transactions and the annual caps for the Existing Continuing Connected Transactions for the three financial years ending 31 December 2013 and such approval will expire on 31 December 2013.
Since the applicable percentage ratios (other than the profits ratio) as defined under the Listing Rules in respect of the Annual Caps exceed 0.1% but are less than 5%, the entering into of the Third Supplemental Agreement and the Continuing Connected Transactions are subject to the reporting, announcement and annual review requirements but exempt from independent shareholders’ approval requirement under the Listing Rules.