Company: TGE
Filing Date: 2025-04-25
Form Type: F-4/A
Source: 0001213900-25-035536
Chunk: 403

Company: Generation Essentials Group
Filing Date: 2025-04-25
Form: F-4/A
Chunk 403
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 U.S. Holder has in the redeemed BSII Class A Ordinary Shares will be added to the adjusted tax basis in such holder’s remaining BSII Class A Ordinary Shares. If there are no remaining BSII Class A Ordinary Shares, a U.S. Holder should consult its tax advisors as to the allocation of any remaining basis. Certain U.S. Holders may be subject to special reporting requirements with respect to a redemption of BSII Class A Ordinary Shares, and such holders should consult with their tax advisors with respect to their reporting requirements. ALL 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. 254 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. 255 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