Supplemental Shareholders Agreement definition
Examples of Supplemental Shareholders Agreement in a sentence
Since the applicable percentage ratios set out in Rule 14.07 of the Listing Rules in respect of the commitment by the Company under the Supplemental Shareholders Agreement exceed 0.1% but are below 5%, the transaction is therefore exempt from the circular (including independent financial advice) and shareholders’ approval requirements under Chapter 14A of the Listing Rules.
Accordingly, on 22 January 2019, the Company, CMI, Cheer Signal and the Asset Joint Venture entered into the Supplemental Shareholders Agreement in relation to the Asset Joint Venture to set out the terms of the Capital Increase.
None of the Directors have a material interest in the Supplemental Shareholders Agreement nor are they required to abstain from voting in the relevant board resolution.
The management will present to the Board a draft Annual Business Plan with a detailed monthly financial budget in respect of year 2002 within sixty days after the execution of this Supplemental Shareholders Agreement.
Holdco and the Shareholders are parties to that certain Shareholder Agreement dated July 31, 2000 and Supplemental Shareholders' Agreement dated March 15, 2001 (collectively, the "EXISTING AGREEMENTS") pursuant to which Holdco granted the Shareholders, among other things, certain registration rights.
None of the Directors have a material interest in the Supplemental Shareholders Agreement, nor are they required to abstain from voting in the relevant board resolutions.
Accordingly, the Supplemental Shareholders Agreement constitutes a connected transaction of the Company under the Listing Rules.
The Purchaser shall have received each of the Shareholders Agreement, the Supplemental Shareholders Agreement, the Put/Call Agreement, Subscription Agreement and the Management Agreements, executed by the parties thereto and in full force and effect in accordance with its terms, and all covenants, agreements and conditions contained therein that shall have been performed or complied with on or prior to the Initial Closing shall have been performed or complied with or waived in writing by the Purchaser.
Minto Delaware also shall have the right to sell Initial Stock pursuant to the terms of the Supplemental Shareholders Agreement.
Parties: (1) the Company (2) CMI (3) Cheer Signal (4) Asset Joint Venture The key terms of the Supplemental Shareholders Agreement are set out below: Date: 22 January 2019 Capital Increase: The parties agreed that the share capital of the Asset Joint Venture shall be increased to US$60,060,000 (equivalent to approximately HK$468,468,000) by issuing and allotting 30,000,000 shares of the Asset Joint Venture to the parties in accordance with their respective shareholdings in the Asset Joint Venture.