Examples of New Shareholders in a sentence
The New Shareholders Agreement will mainly focus on adjusting the shareholding structure as well as the composition of the board of directors and board of Commissioners of the JV Company.
In view of the JV Company’s actual business development needs and the plan for future development, it was necessary to re-adjust the shareholding structure of the JV Company and enter into the New Shareholders Agreement.
Notwithstanding anything to the contrary contained in this Agreement, no Registration shall be effected or permitted and no Registration Statement shall become effective, with respect to any Registrable Securities held by any Holder, pursuant to any provision of this Agreement, until after the expiration of the Sponsor Investment Shares Lock-up Period, the Private Placement Lock-up Period, the Representative Shares Lock-up Period or the New Shareholders Lock-up Period, as the case may be.
The Board is pleased to announce that on 30 May 2024, HBW entered into the New Shareholders Agreement with LSJ.
None of the Directors has any material interest in the New Shareholders Agreement and the transactions contemplated thereunder and hence no Director was required to abstain from voting on the relevant Board resolutions.