Company: EMICF
Filing Date: 2025-12-05
Form Type: F-10EF
Source: 0000950103-25-015822
Chunk: 23

Company: EMERA INC
Filing Date: 2025-12-05
Form: F-10EF
Chunk 23
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in reliance on NYSE rules that permit a foreign private issuer to follow the corporate governance practices of its home country, Emera
will be permitted to follow certain Canadian corporate governance practices instead of those otherwise required under the corporate governance
standards for U.S. domestic issuers. Emera follows Canadian home country practices with regard to obtaining shareholder approval for certain
dilutive events. Emera may in the future elect to follow Canadian home country practices with regard to other matters such as the formation
and composition of its Board of Directors, its audit, human resources and governance and sustainability committees and separate sessions
of independent directors. Accordingly, Emera’s investors may not be afforded the same protection as provided under NYSE corporate
governance rules. Following Canadian home country governance practices as opposed to the requirements that would otherwise apply to a
U.S. company listed on the NYSE may provide less protection than is accorded to investors in U.S. domestic issuers.

As a foreign private issuer, we will not be subject to the provisions of Regulation FD or U.S. proxy rules and will be exempt from filing certain Exchange Act reports, which could result in the Common Shares being less attractive to investors

As a foreign private issuer,
Emera will be exempt from a number of requirements under U.S. securities laws as currently in effect that apply to public companies that
are not foreign private issuers. In particular, Emera will be exempt from the rules and regulations under the Exchange Act related to
the furnishing and content of proxy statements, and our officers, directors and principal shareholders will be exempt from the insider
reporting and short-swing profit recovery provisions contained in Section 16 of the Exchange Act. In addition, Emera will not be required
under the Exchange Act to file annual and current reports and financial statements with the SEC as frequently or as promptly as U.S. domestic
issuers whose securities are registered under the Exchange Act and Emera will generally be exempt from filing quarterly reports with the
SEC under the Exchange Act. Emera files its quarterly financial statements and management discussion and analysis prepared in accordance
with Canadian securities laws with the SEC in a report on Form 6-K.

Emera will also be exempt
from the provisions of Regulation FD, which prohibits the selective disclosure of material non-public information to, among others, broker-dealers
and holders of a company’s securities under circumstances in which it is reasonably foreseeable that the holder will trade in the
company’s securities on the basis of the information. Even