Examples of Subscription and Shareholders in a sentence
The Group entered into a Subscription and Shareholders Agreement with Tenaga Nasional Berhad (Tenaga) and its affiliate, Power and Energy International (Mauritius) Limited (‘Investors’) whereby the investors have acquired a 30% equity stake in a select portfolio of GEL assets on a fully diluted basis for a consideration of USD 30.00 crore through primary issuance of equity shares of GEL.
This arrangement enabled GEL and the Company to conclude the Amended and Restated Share Subscription and Shareholders Agreements with PE investors at favorable terms.
Entering into of the Subscription and Shareholders Agreement would therefore constitute a connected transaction of the Company under Chapter 14A of the Listing Rules.
During the year under review, your Company has entered into a Share Subscription and Shareholders Agreement (‘SSSA’) entered with Investors and Promoters, and as per the terms of SSSA, the Investors would be entitled certain rights including right to appoint two nominee directors on the Board of Directors of the Company.
It was common cause between the parties that after the applicant’s Mr Pandor had resigned as a director, the applicant sent a letter in which it indicated that it had “ resolved to invoke its rights in respect of clause 3a of the Subscription and Shareholders Agreement … by appointing the following two directors to the Nkwe SA Board.” It proceeded to identify a Dr van Schalkwyk and a Dr Manyeruke as the persons in question.
The University will then license Intellectual Property subject to execution of a License Agreement and a Subscription and Shareholders agreement.
Plaintiffs allege that, on April 19, 2010, Defendants executed a Share Subscription and Shareholders Agreement (“the Agreement”) whereby Gannon Vietnam sold a large part of its interest in Gannon Brewery to Ignition and Sandalwood.
The Holding Company has executed a Power Purchase Agreement and entered into a Share Subscription and Shareholders Agreement NelPn:1111{1..oM) lorlheperiodlllllr IOU• 137.31 tu.
A request has been received from Peel Airports Limited (PAL) for an extension of time by which PAL should have used all reasonable endeavours to procure that the Airport company (‘DTVA’) enters into a Southside Development Agreement under the Subscription and Shareholders Agreement (‘SSA’).
The University may choose to dispose of its equity share as it sees fit, subject to any terms of restriction in the Spin-Out company constitution and the Subscription and Shareholders Agreement.