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.
At ebb tide the process was reversed, but no less con- fusing.” LHEEOther historians of the period reported that about one in 50 ships try- ing to run the gauntlet of Hell Gate was either damaged or sunk in the 1850’s.
None of the Directors had any material interest in the transaction contemplated under the Supplemental Shareholders Agreement, and therefore they are not required under the Listing Rules to abstain from voting on the relevant Board resolution.
Under the Supplemental Shareholders Agreement, it has been agreed conditionally that the last date for repayment in full of the Targetco Indebtedness by the Target BVI Companies to the Vendor is extended from 30 June 2012 to 30 June 2014.
Accordingly, the Supplemental Shareholders Agreement constitute a connected transaction of the Company under the Listing Rules.
The terms of the Supplemental Shareholders Agreement were determined after arm’s length negotiation between the parties.
As one or more of the applicable percentage ratio(s) exceed 0.1% but is less than 5%, the transaction contemplated under the Supplemental Shareholders Agreement is subject to the reporting and announcement requirements but exempt from the independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.
Accordingly, the Supplemental Shareholders Agreement constitutes a connected transaction of the Company under the Listing Rules.
Interest rate: 5% per annum The terms of the Supplemental Shareholders Agreement were determined after arm’s length negotiation between the parties.
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.