Examples of Independent Financial Adviser in a sentence
A circular containing details of the Electricity Purchase Agency Agreement, a letter from the Independent Board Committee and a letter from the Independent Financial Adviser, both advising on (i) the Electricity Purchase Agency Agreement and the transactions contemplated thereunder; and (ii) the Electricity Purchase Annual Caps and the Prepaid Electricity Charge Annual Caps, and the notice of the EGM will be despatched to the Shareholders in accordance with the Listing Rules on or before 11 September 2020.
The Directors (excluding the independent non-executive Directors, whose views will be contained in the circular after considering the advice from the Independent Financial Adviser) consider that the above proposed Prepaid Electricity Charge Annual Caps are fair and reasonable.
In arriving its opinion, the Independent Financial Adviser has relied on the information and representations provided by the Company, including but not limited to, the information set out in this announcement and the Agreements.
As the terms of the Agreements all exceed three years, pursuant to Rule 14A.52 of the Listing Rules, the Company has appointed the Independent Financial Adviser to elaborate the reasons for the longer duration of the Agreements, and to confirm that it is normal business practice for agreements of this type to be of such duration.BACKGROUND Reference is made to the announcements of the Company dated 24 September 2021 and 14 June 2022 in relation to the entering into the Former Property Agreements.
As the terms of the Agreements all exceed three years, pursuant to Rule 14A.52 of the Listing Rules, the Company has appointed the Independent Financial Adviser to elaborate the reasons for the longer duration of the Agreements, and to confirm that it is normal business practice for agreements of this type to be of such duration.