Whitewash Resolution definition

Whitewash Resolution means the resolution to be obtained from the Shareholders approving the waiver of their rights to receive a general offer from Ontario and its concert parties for the remaining shares of the Company not already owned or controlled by Ontario and its concert parties.

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Whitewash Resolution means the whitewash resolution for the waiver of the rights of Independent Unitholders (as defined herein) to receive a mandatory offer from Cheung Kong and parties acting in concert with it for all the remaining Units not owned or controlled by Cheung Kong and parties acting in concert with it, in the event that they incur a mandatory bid obligation pursuant to the Singapore Code of Take-overs and Mergers, as a result of the Rights Units Acquisitions (as defined herein).

Whitewash Resolution means the resolution in relation to the Rule 9 Waiver set out in the notice of the General Meeting on pages 33 to 36 of this document.

Examples of Whitewash Resolution in a sentence

In connection with the Proposed Whitewash Waiver and the Proposed Whitewash Resolution, the Company will be appointing an independent financial adviser to advise its independent Shareholders on the Proposed Whitewash Resolution.
The Company will be appointing an IFA to advise the Directors who are considered independent for the purposes of the Whitewash Resolution in due course.
The Circular setting out, amongst others, further information on the Proposed Acquisition and the Whitewash Resolution, together with the notice of EGM, will be despatched to Shareholders in due course.
The Company will appoint an independent financial adviser to the independent directors of the Company in connection with the Whitewash Resolution in due course.
The Circular setting out, amongst others, the terms of the Proposed Acquisition, and the opinion and recommendations of the IFA in relation to the Whitewash Resolution, together with a notice of EGM, will be despatched by the Company to Shareholders in due course.
Shareholders should note that the Investment remain subject to several conditions precedent, including but not limited to, the SIC Waiver and the approval of the Independent Shareholders at the meeting of the Shareholders to be convened to approve the Investment Shares Resolution, the Option Shares Resolution, and if required or imposed by SIC, the Whitewash Resolution.
This triggers the requirement for the Subscriber and its concert parties to make a Mandatory Offer, unless independent Shareholders approve at an EGM to be convened for, inter alia, the Proposed Whitewash Resolution.
As disclosed in the Company’s announcement dated 27 December 2021, shareholders should note that the Investment remains subject to several conditions precedent, including but not limited to, the SIC Waiver and the approval of the Independent Shareholders at the meeting of the shareholders to be convened to approve the Investment Shares Resolution, the Option Shares Resolution, and if required or imposed by SIC, the Whitewash Resolution.
In this regard, the Company had on 29 April 2019 submitted an application to SIC for an extension of the period of time by which Shareholders’ approval has to be obtained for the Whitewash Resolution.
The Whitewash Resolution to approve the granting of the Rule 9 Waiver by the Panel, will be proposed as an ordinary resolution and will require a simple majority of the votes cast to be cast in favour, in order for it to be passed.

More Definitions of Whitewash Resolution

Whitewash Resolution. Has the meaning ascribed to it in paragraph 2.6;

Whitewash Resolution means the approval of the Purchaser's independent shareholders at a general meeting, as set out in Clause 3.1(c)(ii).

Whitewash Resolution means the ordinary resolution to approve the Panel’s waiver of Woodford’s obligation to make an offer under Rule 9 of the Takeover Code on completion of the Proposals, which is set out in Resolution 3 of the Notice of General Meeting in this document, and is required to be passed on a poll at the General Meeting by the Independent Shareholders;

Whitewash Resolution means the shareholder resolution waiving any requirement for a rule 9 offer to be made by the Investor or its Associates pursuant to the City Code as a result of the acquisition of the Subscription Shares, such resolution to comply with the terms of Appendix 1 of the City Code.

Whitewash Resolution has the meaning given in the definition of “Al Noor Resolutions”.