Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 211

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 211
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 and an undertaking that a copy of the certificate of merger or consolidation will be
given to the members and creditors of each constituent company and that notification of the merger or consolidation will be published
in the Cayman Islands Gazette, among other formalities. Court approval is not required for a merger or consolidation which is effected
in compliance with these statutory procedures.

A merger between a Cayman
parent company and its Cayman subsidiary or subsidiaries does not require authorization by a resolution of shareholders of that Cayman
subsidiary if a copy of the plan of merger is given to every member of that Cayman subsidiary to be merged unless that member agrees otherwise.
For this purpose, a company is a “parent” of a subsidiary if it holds issued shares that together represent at least ninety
percent (90%) of the votes at a general meeting of the subsidiary.

The consent of each holder
of a fixed or floating security interest over a constituent company is required unless this requirement is waived by a court in the Cayman
Islands.

If the Cayman Islands Registrar
of Companies is satisfied that the requirements of the Companies Act have been complied with, the Registrar of Companies will register
the plan of merger or consolidation.

Save in certain limited circumstances,
a shareholder of a Cayman constituent company who dissents from the merger or consolidation is entitled to payment of the fair value of
his shares (which, if not agreed between the parties, will be determined by the Cayman Islands court) upon dissenting to the merger or
consolidation, provided the dissenting shareholder complies strictly with the procedures set out in the Cayman Islands Companies Act.
The exercise of dissenter rights will preclude the exercise by the dissenting shareholder of any other rights to which he or she might
otherwise be entitled by virtue of holding shares, save for the right to seek relief on the grounds that the merger or consolidation is
void or unlawful.

Separate from the statutory
provisions relating to mergers and consolidations, the Cayman Islands Companies Act also contains statutory provisions that facilitate
the reconstruction and amalgamation of companies by way of schemes of arrangement, provided that the arrangement is approved by seventy-five
per cent in value of the members or class of members, as the case may be, with whom the arrangement is to be made and a majority in number
of each class of creditors with whom the arrangement is to be made, and who must in addition represent seventy-five per cent in value
of each such class of creditors, as the case may be