Examples of Subscription and Shareholders Agreement in a sentence
The Group entered into a Subscription and Shareholders Agreement with Tenaga Nasional Berhad (Tenaga) and its affiliate, Power and Energy International (Mauritius) Limited (‘Investors’) whereby the investors have acquired a 30% equity stake in a select portfolio of GEL assets on a fully diluted basis for a consideration of USD 30.00 crore through primary issuance of equity shares of GEL.
Entering into of the Subscription and Shareholders Agreement would therefore constitute a connected transaction of the Company under Chapter 14A of the Listing Rules.
It was common cause between the parties that after the applicant’s Mr Pandor had resigned as a director, the applicant sent a letter in which it indicated that it had “ resolved to invoke its rights in respect of clause 3a of the Subscription and Shareholders Agreement … by appointing the following two directors to the Nkwe SA Board.” It proceeded to identify a Dr van Schalkwyk and a Dr Manyeruke as the persons in question.
The Holding Company has executed a Power Purchase Agreement and entered into a Share Subscription and Shareholders Agreement NelPn:1111{1..oM) lorlheperiodlllllr IOU• 137.31 tu.
The University may choose to dispose of its equity share as it sees fit, subject to any terms of restriction in the Spin-Out company constitution and the Subscription and Shareholders Agreement.