Examples of Strategic Investment Agreement in a sentence
Under the 2009 Subscription Agreement and Strategic Investment Agreement discussed in paragraph 8 below, Emera has agreed not to acquire any additional securities of Algonquin except in accordance with such agreements.
The Strategic Investment Agreement was approved by shareholders at the annual and special general meeting held on June 21, 2011.
In connection with the Strategic Investment Agreement, Shandong Gold will deliver the Acknowledgment to Barrick, in which it will acknowledge and undertake that both it and its affiliates will comply with certain restrictions on the acquisition of Barrick Shares and Randgold Shares imposed by Canadian and U.S. securities laws and the Code.
The Strategic Investment Agreement will also contain consultation and orderly market obligations on each party in relation to certain disposals of shares acquired thereunder.
The Strategic Investment Agreement and the Acknowledgment will constitute dealing arrangements of the kind referred to in Note 11 of the definition of “acting in concert” in the Code.
The Strategic Investment Agreement will not confer any governance rights.
Under the Strategic Investment Agreement, Shandong Gold will agree to purchase Barrick Shares with an aggregate value of up to USD 300 million, and Barrick will agree to invest an equivalent amount in shares of Shandong Mining, a publicly listed company controlled by Shandong Gold.
On 24 September 2018, it is expected that Barrick and Shandong Gold will enter into the Strategic Investment Agreement.
Emera has a Strategic Investment Agreement (“SIA”) with Algonquin Power & Utilities Corp (“APUC” or “Algonquin”) which establishes how Emera and APUC will work together to pursue specific strategic investments of mutual benefit.
See paragraph 8 below for further details relating to the strategic arrangement, including the 2009 Subscription Agreement and Strategic Investment Agreement (as defined below).