Examples of Shareholder Loan Notes in a sentence
Since the applicable percentage ratios set out in Rule 14.07 of the Listing Rules in respect of the Shareholder Loan Notes is less than 5%, the transaction is therefore exempt from all reporting and disclosure requirements under the Listing Rules.
Subject to the shareholder’s approval of CMPG, each of Goldframe and TIF Investments B proposed to enter into the Noteholder Consent, approving the amendment to the terms of the Shareholder Loan Notes as set out in the Deed of Amendment.
Each of TIF Investments B and Goldframe is interested in AUD162.5 million (equivalent to approximately HK$958 million) worth of Shareholder Loan Notes, each representing 50% of the Shareholder Loan Notes issued.
Reference is made to the announcements made by the Company on 15 April 2020 in relation to the Shareholder Loan Notes with a principal amount of AUD162.5 million (equivalent to approximately HK$958 million) issued by PONI to Goldframe, a wholly-owned subsidiary of the Company.
CMPG released announcements in relation to the amendment of interest rate of the Shareholder Loan Notes pursuant to the relevant listing rules of the Shenzhen Stock Exchange, details of which are available in www.cninfo.com.cn, on 29 April 2021.
Pursuant to the Deed of Amendment, the interest rate of the Shareholder Loan Notes will be amended from 8% per annum to the sum of (i) a weighted average of the interest rates applicable under certain facilities provided to PONI (taking into account associated borrowing costs) and (ii) 0.5% per annum.As at the date of this announcement, the current noteholders of the Shareholder Loan Notes are TIF Investments B and Goldframe.
In the event that AF No 3 does not have sufficient funds on any given interest payment date to pay interest on the Shareholder Loan Notes, such interest shortfall will become payable on the following interest payment date.
This was funded by £400 million Shareholder Loan Notes into AF No 3 and £466 million cash at bank at ABHL and £0.7 million cash at bank at a Subsidiary of ABHL, Primrose No. 1 Limited.
As at 31 December 2014,£132.2 million of Shareholder Loan Notes were outstanding.
Balance at the beginning of year6,4216,421Effect of discounting Shareholder Loan Note-- 6,4216,421 Interest on the Shareholder Loan Notes ceased to accrue from 29 June 2016.