Whitewash Waiver means a waiver from the Executive pursuant to Note 1 on
Whitewash Waiver means a waiver pursuant to Note 1 on dispensations from Rule 26 of the Takeovers Code of the obligations on the Concert Group (as defined in the Takeovers Code) to make a mandatory general offer under Rule 26 of the Takeovers Codes for all the issued new Shares of the Company (not already owned or agreed to be acquired by the Concert Group) as a result of the completion of the Subscription Agreement and the Connected Conversion Agreements
Whitewash Waiver a waiver to be granted by the Executive to the Subscriber pursuant to Note 1 of the Notes on the dispensations from Rule 26 of the Takeovers Code of the obligation of the Subscriber and parties acting in concert with it to make a mandatory general offer to the Shareholders for all securities of the Company not already owned by the Subscriber and parties acting in concert with it.
Examples of Whitewash Waiver in a sentence
None of the members of the Independent Board Committee has any interest or involvement in the transactions contemplated under the Subscription Agreement or the Whitewash Waiver.
If the Whitewash Waiver is not granted by the Executive, or if the resolutions to approve the Offer and the Whitewash Waiver are not passed by the Independent Shareholders, the Offer will not proceed and will lapse immediately.
Shareholders should also note that their voting decision on the resolutions in respect of the Offer and the Whitewash Waiver to be proposed at the EGM shall not affect their decision as to whether to accept the Offer or not.
The Company notes that the Executive may not grant the Whitewash Waiver if the transactions under the Offer and the Whitewash Waiver do not comply with other applicable rules and regulations.
At the EGM, the necessary resolution approving, among other things, the Open Offer, the Underwriting Agreement and the Whitewash Waiver were duly passed by the Independent Shareholders by way of poll.
More Definitions of Whitewash Waiver
Whitewash Waiver means a waiver granted by the Executive pursuant to Note 1 of the Notes on dispensations from Rule 26 of the Takeovers Code from an obligation (which may otherwise arise as a result of Closing) on the part of the Sellers or any party acting in concert with any of them (within the meaning of the Takeovers Code) to make a general offer for the issued securities of the Company;
Whitewash Waiver means the waiver by the SFC of the liability of the Subscriber and persons acting in concert with it under Note 1 on dispensations from Rule 26 of the Takeovers Code in respect of the Proposed Transaction under this Agreement to make a mandatory general offer of the existing issued Shares of the Issuer (other than those held by the Subscriber, its ultimate beneficial owner and persons acting in concert with any of them), which would otherwise arise after completion; and
Whitewash Waiver a waiver from the Executive pursuant to note 1 of the Notes on dispensations from Rule 26 of the Takeovers Code in respect of the obligations of the Underwriter and parties acting in concert with it to make a mandatory general offer for all the securities of the Company not already owned by the Underwriter or parties acting in concert with it which would otherwise arise as a result of the Underwriter subscribing for the Underwritten Shares.
Whitewash Waiver means the whitewash waiver pursuant to Note 1 on
Whitewash Waiver means the waiver to be granted by the SIC of the requirement for the Placee and its concert parties to make a general offer for the Shares under Rule 14 of the Code should their aggregate voting rights in the Company increase to 30% or more based on the enlarged issued capital of the Company as a result of the completion of the Placement and the exercise of the Warrants, and all obligations contemplated pursuant and/or in connection with the same. The Company shall use its best endeavours to ensure the satisfaction of the conditions set out in paragraphs (a) to (c), (i) to (p), (t) and (y) above. The Placee shall use its best endeavours to ensure the satisfaction of the conditions set out in paragraphs (r) and (w) above. The Company and the Placee shall use their respective best endeavours to ensure the satisfaction of the conditions set out in paragraphs (d), (e), (h), (q), (u) and (x) above, in each case as soon as possible. If any of the conditions set forth in paragraphs (a) to (y) above for which a party is to use its best endeavours to ensure the satisfaction thereof are not satisfied (or waived by the other party in its sole discretion) on or before the date falling six (6) months from the date of the Placement Agreement, or such other date as the parties may elect, the Placement Agreement shall ipso facto cease and none of the parties shall have any claim against any other for costs, expenses, damages, losses, compensation or otherwise in respect of the Proposed Placement (except for the liability of the Company for the payment of expenses provided in the Placement Agreement). The Placee may at any time to the extent permissible by law, agree to waive, in whole or in part, any of the conditions set forth in paragraphs (a) to (y) above (other than paragraphs (r) and (w)).
Whitewash Waiver means the whitewash waiver to be granted by the SFC and approved by the Company Independent Shareholders dispensing the Underwriter and all parties acting in concert with it (as defined in the Takeovers Code) from the obligation to make a mandatory general offer arising from the underwriting of the Rights Issue for all the Shares currently in issue and not already owned or agreed to be acquired by them under Rule 26 of the Takeovers Code.
Whitewash Waiver means a waiver of the obligation to make a mandatory offer under Rule 26 of The Hong Kong Code on Takeovers and Mergers pursuant to Note 1 to the Notes on Dispensations from Rule 26 of The Hong Kong Code on Takeovers and Mergers.