Examples of Internal Restructuring in a sentence
An EGM will be convened and held for the Shareholders to consider and, if thought fit to approve the Internal Restructuring, the New Contractual Arrangements and the transactions contemplated thereunder.
Xxxxx Xxxxxxxx is owned by the Registered Shareholders, Xx. Xxx Xxxx and Xx. Xx Xxx, as to 51% and 49%, respectively, and therefore, upon completion of the Internal Restructuring, each of the Registered Shareholders is a connected person of the Company pursuant to the Listing Rules.
Entergy shall cause its Affiliates to take, prior to the Distribution Date, the Internal Restructuring, including the actions set forth on Schedule 1.02.
As such, the Company is convening the EGM to obtain approvals of the Independent Shareholders in respect of the Internal Restructuring.
The Directors, including the independent non-executive Directors, are of the view that the terms of the Equity Transfer Agreements (including their respective considerations) are fair and reasonable, and that the Internal Restructuring is in the interests of the Company and the Shareholders as a whole.