CAP Board definition
Examples of CAP Board in a sentence
The commission rate was determined after arm’s length negotiations between CAP and Kingston with reference to, among other things, the scale of the Rights Issue and the market rate, and the CAP Board (excluding the independent non-executive CAP Directors whose opinion will be set out in the CAP Circular, after having been advised by the Independent Financial Adviser) considers that the underwriting commission rate is fair and reasonable and in the interests of CAP and the CAP Shareholders as a whole.
Beneficial owners of CAP Shares whose CAP Shares are held by a nominee company (including HKSCC Nominees Limited) should note that for the purpose of the Rights Issue, the CAP Board will regard the nominee company as a single CAP Shareholder according to the register of members of CAP.