Examples of Framework Services in a sentence
While the Target Warehouses will be disposed of after completion of the Warehouses Sale, they will be leased back to the Group for the continuation of the Group’s logistics operations through the arrangement pursuant the Framework Services Agreement.
It is envisaged that from time to time and as required, individual agreements will be entered into between the Group and Relevant Xxxxx Holdings Group with respect to specific services covered by the Framework Services Agreement.
The Framework Services Agreement constitutes a special deal in relation to the Partial Offer under Note 4 to Rule 25 of the Takeovers Code and requires the consent of the Executive.
The Directors (including the independent non-executive Directors) considered that the annual cap and terms of the Framework Services Agreement are fair and reasonable and in the interests of the Group and the Shareholders as a whole.
As Xxxxx Holdings is a Controlling Shareholder and a connected person of the Company, the Framework Services Agreement also constitutes a continuing connected transaction of the Company under the Listing Rules and would be subject to the reporting, announcement and Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.
The Framework Services Agreement will commence on the Final Closing Date of the Partial Offer, and will expire on the third anniversary of the Final Closing Date.
An application will be made by the Company to the Executive for its consent to proceed with the Framework Services Agreement.
The Framework Services Agreement can be extended for a further term of three years with the mutual written agreement of the Company and Xxxxx Holdings.
FRAMEWORK SERVICES AGREEMENT On 25 March 2021 (after trading hours), the Company and Xxxxx Holdings entered into Framework Services Agreement.
The Independent Financial Adviser will state in the Circular its opinion on whether the terms of the Framework Services Agreement are fair and reasonable, on normal commercial terms and in the interests of the Company and the Shareholders as a whole.