In connection with the Central Energy Fund’s (CEF) proposed acquisition of a 10% stake in Tetra4 (Pty) Ltd (a subsidiary of the JSE Listed Renergen Limited), we negotiated and drafted both the shareholders agreement and the subscription for shares agreement.
The shareholders agreement was intended to regulate the shareholders’ rights and obligations amongst one another. The subscription for shares agreement was intended to facilitate the transaction step where Tetra4 (Pty) Ltd allots and issues the 10% equivalent of ordinary shares to CEF. The transaction value was R1 Billion.
