Examples of Share Charge Agreement in a sentence
As certain applicable percentage ratios in respect of the transaction contemplated under the Loan Agreement and the Share Charge Agreement are more than 25%, the Loan Agreement and the Share Charge Agreement are subject to reporting, announcement and Independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.
Accordingly, the transaction contemplated under the Loan Agreement and the Share Charge Agreement constitutes a connected transaction for the Company under Chapter 14A of the Listing Rules.
The Independent Board Committee has appointed Gram Capital as the Independent Financial Adviser to provide advice and recommendation to the Independent Board Committee and the Independent Shareholders in respect of the Loan Agreement, the Share Charge Agreement and the transactions contemplated thereunder.
Pursuant to the Loan Agreement, the Share Charge Agreement shall be entered into by the parties to the Loan Agreement within 30 business days from the Drawdown Date.
BII and its associates will abstain from voting at the EGM in respect of the resolution(s) approving the Loan Agreement, the Share Charge Agreement and the transactions contemplated thereunder.