Islamabad, Oct 11: Secure Logistics and Trax Online Merge for Market Growth
The Board of directors of Secure Logistic Group Limited (PSX: SLGL) and Trax Online Private Limited acknowledge to shareholding proportion at PSX.symbol “SLGL” For issuance of 1,669,825 ordinary shares for cash settlement of Convertible Note.
SLGL AND TRAX ANNOUNCE MERGER TO CREATE MULTIFACETED GLOBAL SECURITY SOLUTIONS Dallas, TX and Santa Ana, CA – July 31, 2018 – SUPPORTLINK GLOBAL L.L.C. (SLGL) and Tactical Robotic Systems Inc.
It is currently expected that the proposed Amalgamation/merger of TRAX into SLGL or any wholly owned subsidiary of SLGL by way of a Scheme of Arrangement to be formulated under Sections 279-282 of Companies Act, 2017 (Scheme) and approved by the shareholders Of SLGL and TRAX respectively and sanctioned by the appropriate High Court as may be required, subject to requisite regulatory approvals (The Scheme).
The Merger Parties will use commercially reasonable efforts to cause the Parties to enter into definitive agreements and complete the process for Merger by no later than December 31, 2024.
The Parties have executed a Term Sheet containing all the principal terms and conditions and has been approved by their respective Board of Directors. Secure Logistics and Trax Online Merge for Market Growth
Provided further that, such terms and conditions shall inter-alia form the basis of entering into definitive agreements between the Parties and also preparation of Scheme to be submitted for sanction by competent High Court.
