Company: TGE
Filing Date: 2025-04-11
Form Type: F-4
Source: 0001213900-25-031177
Chunk: 269

Company: Generation Essentials Group
Filing Date: 2025-04-11
Form: F-4
Chunk 269
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 Merger; (d)there being no holders of any outstanding security interest granted by Black Spade II immediately prior to the Merger Effective Time (as defined in the Plan of Merger), the Plan of Merger be executed by any one director on behalf of Black Spade II and any director or delegate or agent thereof be authorized to submit the Plan of Merger, together with any supporting documentation, for registration to the Registrar of Companies of the Cayman Islands; (e)as at the Merger Effective Time, the memorandum and articles of association of Black Spade II will be in the form of the memorandum and articles of association of Black Spade II in effect immediately before the Merger Effective Time; and (f)all actions taken and any documents or agreements executed, signed or delivered prior to or after the date of these Resolutions by any director or officer of Black Spade II in connection with the transactions contemplated by these resolutions be approved, ratified and confirmed in all respects.” Recommendation of the Black Spade II Board THE BLACK SPADE II BOARD UNANIMOUSLY RECOMMENDS THAT THE BLACK SPADE II SHAREHOLDERS VOTE “FOR” THE APPROVAL OF THE MERGER PROPOSAL. 161 Appraisal Rights under the Cayman Islands Companies Act The Cayman Islands Companies Act prescribes when shareholder appraisal rights will be available and sets the limitations on such rights. Where such rights are available, shareholders are entitled to receive fair value for their shares. However, regardless of whether such rights are or are not available, Black Spade II Public Shareholders are still entitled to exercise the rights of redemption in respect to their BSII Public Shares as set out herein, and the Black Spade II Board has determined that the redemption proceeds payable to Black Spade II Public Shareholders who exercise such redemption rights represent the fair value of those shares. Excerpts of relevant sections of the Cayman Islands Companies Act follow: Section 238 — Rights of dissenters 238(1) A member of a constituent company incorporated under this Act shall be entitled to payment of the fair value of that person’s shares upon dissenting from a merger or consolidation. 238(2) A member who desires to exercise that person’s entitlement under subsection (1) shall give to the constituent company, before the vote on the merger or consolidation, written objection to the action. 238(3) An objection under subsection (2) shall include a statement that the member proposes to demand payment for that person’s shares if the merger or