Examples of Independent Board Committee in a sentence
The Independent Board Committee comprising all the independent non-executive Directors has been formed to advise the Independent Shareholders on the grant, allotment and issue of the Connected Awarded Shares to the Connected Award Participants.
The Directors (excluding members of the Independent Board Committee) believe that the terms of the Proposal and the Scheme are fair and reasonable and in the interests of the Shareholders as a whole.
A circular containing, among others, (i) details of the Non-public Issuance of A Shares under the Specific Mandate and the connected transaction in relation to the proposed subscription of A Shares by CEA Holding; (ii) a letter from the Independent Board Committee; and (iii) a letter of advice from the Independent Financial Adviser is expected to be despatched to the Shareholders on or before 9 June 2022 in accordance with the Hong Kong Listing Rules.
The Company will appoint an independent financial adviser to advise the Independent Board Committee and the Independent Shareholders in this regard.
Taking into consideration all of the aforementioned in relation to the Acquisitions, the Directors (save for the members of the Independent Board Committee who will express their view after having received Gram Capital’s advice in writing on the Acquisitions) expect that the Acquisitions will have a positive impact on the Company’s operations and future prospects.