Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 397

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 397
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 U.S. HOLDERS CONSIDERING EXERCISING REDEMPTION RIGHTS WITH RESPECT TO THEIR BSII CLASS A ORDINARY SHARES SHOULD CONSULT WITH THEIR TAX ADVISORS WITH RESPECT TO THE TAX CONSEQUENCES TO THEM OF AN EXERCISE OF REDEMPTION RIGHTS, INCLUDING THE POTENTIAL TAX CONSEQUENCES TO THEM OF THE INITIAL MERGER. 255 Cayman Islands Tax Considerations The Cayman Islands currently levies no taxes on individuals or corporations based upon profits, income, gains or appreciations and there is no taxation in the nature of inheritance tax or estate duty. There are no other taxes likely to be material to us levied by the Government of the Cayman Islands except for stamp duties which may be applicable on instruments executed in, or after execution brought within, the jurisdiction of the Cayman Islands. The Cayman Islands are a party to a double tax treaty entered into with the United Kingdom in 2010 but otherwise is not party to any double tax treaties. There are no exchange control regulations or currency restrictions in the Cayman Islands. Payments of dividends and capital in respect of TGE Ordinary Shares will not be subject to taxation in the Cayman Islands and no withholding will be required on the payment of a dividend or capital to any holder of TGE Ordinary Shares, nor will gains derived from the disposal of TGE Ordinary Shares be subject to Cayman Islands income or corporation tax. Under the laws of the Cayman Islands, no stamp duty is payable in the Cayman Islands on transfers of shares of Cayman Islands companies except those which hold interests in land in the Cayman Islands or if the transfer documents are executed in or brought into the Cayman Islands. 256 DESCRIPTION OF SECURITIES OF The Generation Essentials Group The following description of the material terms of the securities of The Generation Essentials Group includes a summary of specified provisions of the Amended TGE Articles that will be in effect on the Closing Date and immediately prior to the Merger Effective Time. This description is qualified by reference to the Amended TGE Articles as will be in effect on the Closing Date and immediately prior to the Merger Effective Time. In this section, the terms “TGE,” “we”, “our” or “us” refer to The Generation Essentials Group following the consummation of the Business Combination, and all capitalized terms used in this section are as defined in the Amended TGE Articles, unless elsewhere defined herein. TGE is a Cayman Islands exempted company with limited liability and immediately following the consummation of