Examples of Voting Arrangement in a sentence
Elite Force entrusts Spectron to exercise the voting rights in respect of the Entrusted Shares that Elite Force owns directly in CIFI Ever Sunshine pursuant to the Entrusted Voting Arrangement.
As at the date of this announcement, Ever Sunshine Lifestyle Services is a subsidiary of the Company after the Entrusted Voting Arrangement took effect.
The Employee Lock-Up Period and the Voting Arrangement serve to motivate the New Scheme Participants to focus on attaining the Company’s development goals for at least the remainder of 2019, following which they can choose to either monetize the economic benefits or remain as a Shareholder and exercise the voting rights attached to the Employee Shares.
Voting Arrangement During the Standstill Period, the Purchaser will vote and consent all of its shares in favor of the nominees of the Nominating and Corporate Governance Committee, will not vote for or consent to the removal of any such persons unless recommended by the Nominating and Corporate Governance Committee and will grant an irrevocable proxy in support of such covenant.
Pursuant to the Employee Trust Deed, so long as Ascend Delight is the registered Shareholder of the Employee Shares, Ms. Xue shall exercise the voting rights attached to the Employee Shares in accordance with the Voting Arrangement.
TAKEOVERS CODE IMPLICATIONS After completion of the Share Acquisition and upon the Entrusted Voting Arrangement becoming effective, the Company shall hold a total of approximately 51.00% of voting rights, in C&D Property.
The Group and Ever Sunshine Group are regarded as continuing entities as at the effective date of the Entrusted Voting Arrangement and hence this series of group restructing has been accounted for as combination of entities under common control by applying the principles of merger accounting with reference to Accounting Guideline 5 “Merger Accounting for Common Control Combinations” issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”).
The Entrusted Voting Arrangement does not constitute a transaction for the purpose of Rule 14.04 and Rule 14A.24 of the Listing Rules.
The Group and Ever Sunshine Group are both under the control of Mr. LINs before and after the Entrusted Voting Arrangement, and that control is not transitory.
The Group and Ever Sunshine Group are regarded as continuing entities as at the effective date of the Entrusted Voting Arrangement and hence the Entrusted Voting Arrangement has been accounted for as combination of entities under common control by applying the principles of merger accounting with reference to Accounting Guideline 5 “Merger Accounting for Common Control Combinations” issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”).