Examples of Target Group Companies in a sentence
Under section 260B(2) of the Corporations Act, shareholder approval for financial assistance by the Target Group Companies must be approved byspecial resolution passed at a general meeting of the Company.
However, the Company is already required to procure that the Target Group Companies comply with most of these undertakings and the Company is required to provide such representations, even though the Target Group Companies have not yet acceded to the Facilities Agreement.
Approval of this financial assistance has or will be given by the shareholders of each of the Target Group Companies.
Because the Company is the listed holding company of the Target Group Companies, shareholders of the Company are asked to approve the financial assistance.
The operations of the Target Group Companies will also be restricted by the representations and undertakings given by them when they accede to the Facilities Agreement.