Examples of Indigo Agreement in a sentence
As at the date of the Indigo Agreement and the Taraki Agreement, Xxxxxx was interested in approximately 73.83% of the issued share capital of the Company and is therefore a connected person of the Company under the GEM Listing Rules.
As is noted above, and is outlined in the Indigo Agreement, and is attached hereto, the Company also gained an option to acquire and additional 30% of the Budcars Brand and Sacramento operation.
Accordingly, the Independent Board Committee comprising the remaining two non-executive Directors, namely Mr. Xxx Xxx Xxx, Xxxx and Xx. Xxx Xxxx Xx, has been established to advise and give recommendation to the Independent Shareholders, the Bondholders and the Optionholders in connection with the Offers and to the Independent Shareholders in respect of the Indigo Agreement and the Taraki Agreement and transactions contemplated therein.
Rule 2.8 of the Takeovers Code requires the Company to establish an independent committee of the Board to advise the Independent Shareholders, the Bondholders and the Optionholders on the Offers and the Indigo Agreement and the Taraki Agreement and transactions contemplated thereunder and that such independent committee should comprise all non-executive Directors who have no direct or indirect interest in the Offers and the Disposals other than as a Shareholder.
The Indigo Agreement Pursuant to the Indigo Agreement, the Company agreed to sell and Newood agreed to purchase the Indigo Sale Share and the rights, title, benefits and interests of the Company in, the Indigo Sale Loan.
The cash consideration for the Sale Shares of HK$96,000,000 has been paid by the Offeror to Newood at SP Completion, of which HK$33,000,000 has been deposited with the Escrow Agent pursuant to the terms of the Escrow Letter for the settlement of the considerations under the Indigo Agreement and the Taraki Agreement, details of which are set out in the section headed “The Disposals” below.
The Company has appointed Xxxxxx Financial Limited as the independent financial adviser to advise (i) the Independent Board Committee in respect of the Offers and the Indigo Agreement and the Taraki Agreement and transactions respectively contemplated thereunder; and (ii) the Independent Shareholders in respect of the Indigo Agreement and the Taraki Agreement and transactions respectively contemplated thereunder.
In addition, subject to the terms and conditions of the Indigo Agreement, the Company has the option to acquire an additional 30% interest in Indigo.
Brogaard (DR10) describes how high frequency traders make money and how their activities may affect price discovery (for example, by making the prices of assets with similar payoffs move more closely together).
The entering of the Indigo Agreement represents an opportunity for the Group to cease the loss making operation of the said segment and spare resources for its other business operations at a reasonable price.