About Shareholders Acting in Concert
“Persons Acting in Concert” refers to shareholders who, pursuant to a mutual understanding or arrangement, cooperate for a common objective of exercising shareholder rights or addressing matters relating to corporate governance, in compliance with applicable law.
This collective:
- Is not a partnership, LLP, or company
- Does not pool funds or transfer ownership
- Does not act as a separate legal entity
Each shareholder retains independent ownership, voting rights, and decision-making authority.