Company: TLGYF
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001213900-25-125608
Chunk: 414

Company: TLGY ACQUISITION CORP
Filing Date: 2025-12-29
Form: S-4/A
Chunk 414
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 •duty to exercise powers fairly as between different sections of shareholders; •duty not to put themselves in a position in which there is a conflict between their duty to the company and their personal interests; and •duty to exercise independent judgment. In addition to the above, directors also owe a duty of care which is not fiduciary in nature. This duty has been defined as a requirement to act as a reasonably diligent person having both the general knowledge, skill and experience that may reasonably be expected of a person carrying out the same functions as are carried out by that director in relation to the company and the general knowledge skill and experience of that director. As set out above, directors have a duty not to put themselves in a position of conflict and this includes a duty not to engage in self -dealing, or to otherwise benefit as a result of their position. However, in some instances what would otherwise be a breach of this duty can be forgiven and/or authorized in advance by the shareholders provided that there is full disclosure by the directors. This can be done by way of permission granted in the memorandum and articles of association or alternatively by shareholder approval at general meetings. Each of TLGY’s officers and directors presently has, and any of them in the future may have additional, fiduciary or contractual obligations to other entities, including affiliates of its sponsor and to certain companies in which such officers or directors have invested or will invest. Subject to his or her fiduciary duties under Cayman Islands law, none of its officers and directors who are also officers of its sponsor and/or employees of its affiliates have any obligation to present TLGY with any opportunity for a potential business combination of which they become aware. Accordingly, if any of TLGY’s officers or directors becomes aware of a business combination opportunity which is suitable for an entity to which he or she has then -currentfiduciary or contractual obligations, he or she may honor his or her fiduciary or contractual obligations to present such business combination opportunity to such entity, subject always to their fiduciary duties under Cayman Islands law. The TLGY Organizational Documents provides that TLGY renounces its interest in any corporate opportunity offered to any director or officer unless such opportunity is expressly offered to such person solely in his or her capacity as a director or officer of the company and it is an opportunity that TLGY is able to complete on a reasonable basis. TLGY do not believe, however, that the fiduciary duties or contractual obligations of its officers or directors will materially affect its ability