UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
ReNew Energy Global plc
(Name of Issuer)
ReNew Global Class A Shares, Nominal Value $0.0001 Per Share
(Title of Class of Securities)
G7500M 104
(CUSIP Number)
David S. Thomas, Esq.
Goldman Sachs & Co. LLC
200 West Street
New York, NY 10282
(212) 902-1000
With a copy to:
Nallini Puri and Sarah Lewis
2 London Wall Place
London
EC2Y 5AU
+44 20 7614 2200
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
September 23, 2022
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
* | The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. G7500M 104
1. | Names of Reporting Persons
The Goldman Sachs Group, Inc. | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds AF | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Delaware | |||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
11,633,476 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
11,633,476 | |||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
11,633,476 | |||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
4.3%1 | |||||
14. | Type Of Reporting Person
HC-CO |
(1) Based on 269,647,998 Class A Shares (“Class A Shares”) of ReNew Energy Global plc (the “Issuer”) outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the Securities and Exchange Commission (the “SEC”) on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares (“Class C Shares”) of the Issuer. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
Goldman Sachs & Co. LLC | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds AF | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
New York | |||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
11,633,476 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power
11,633,476 | |||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
11,633,476 | |||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
4.3%1 | |||||
14. | Type Of Reporting Person
BD-PN-IA | |||||
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
GS Wyvern Holdings Limited | ||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| ||||
3. | SEC Use Only
| ||||
4. | Source of Funds
AF | ||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | ||||
6. | Citizenship or Place of Organization
Mauritius | ||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | |||
8. | Shared Voting Power
11,633,476 | ||||
9. | Sole Dispositive Power
0 | ||||
10. | Shared Dispositive Power
11,633,476 | ||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
11,633,476 | ||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | ||||
13. | Percent of Class Represented by Amount in Row 11
4.3%1 | ||||
14. | Type Of Reporting Person
OO | ||||
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
GS Capital Partners VI Fund, L.P. | ||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| ||||
3. | SEC Use Only
| ||||
4. | Source of Funds WC | ||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | ||||
6. | Citizenship or Place of Organization
Delaware | ||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | |||
8. | Shared Voting Power
4,181,071 | ||||
9. | Sole Dispositive Power
0 | ||||
10. | Shared Dispositive Power
4,181,071 | ||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
4,181,071 | ||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | ||||
13. | Percent of Class Represented by Amount in Row 11
1.6%1 | ||||
14. | Type Of Reporting Person
PN | ||||
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
GSCP VI Advisors, L.L.C. | ||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| ||||
3. | SEC Use Only
| ||||
4. | Source of Funds AF | ||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | ||||
6. | Citizenship or Place of Organization
Delaware | ||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | |||
8. | Shared Voting Power
4,181,071 | ||||
9. | Sole Dispositive Power
0 | ||||
10. | Shared Dispositive Power
4,181,071 | ||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
4,181,071 | ||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | ||||
13. | Percent of Class Represented by Amount in Row 11
1.6%1 | ||||
14. | Type Of Reporting Person
OO | ||||
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
GS Capital Partners VI Offshore Fund, L.P. | ||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| ||||
3. | SEC Use Only
| ||||
4. | Source of Funds
WC | ||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | ||||
6. | Citizenship or Place of Organization
Cayman Islands | ||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | |||
8. | Shared Voting Power
3,477,246 | ||||
9. | Sole Dispositive Power
0 | ||||
10. | Shared Dispositive Power
3,477,246 | ||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
3,477,246 | ||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | ||||
13. | Percent of Class Represented by Amount in Row 11
1.3%1 | ||||
14. | Type Of Reporting Person
PN |
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
GSCP VI Offshore Advisors, L.L.C. | ||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| ||||
3. | SEC Use Only
| ||||
4. | Source of Funds
AF | ||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | ||||
6. | Citizenship or Place of Organization
Delaware | ||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | |||
8. | Shared Voting Power
3,477,246 | ||||
9. | Sole Dispositive Power
0 | ||||
10. | Shared Dispositive Power
3,477,246 | ||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
3,477,246 | ||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | ||||
13. | Percent of Class Represented by Amount in Row 11
1.3%1 | ||||
14. | Type Of Reporting Person
OO |
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
GS Capital Partners VI Parallel, L.P. | ||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| ||||
3. | SEC Use Only
| ||||
4. | Source of Funds
WC | ||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | ||||
6. | Citizenship or Place of Organization
Delaware | ||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | |||
8. | Shared Voting Power
1,149,387 | ||||
9. | Sole Dispositive Power
0 | ||||
10. | Shared Dispositive Power
1,149,387 | ||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
1,149,387 | ||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | ||||
13. | Percent of Class Represented by Amount in Row 11
0.4%1 | ||||
14. | Type Of Reporting Person
PN |
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
GS Advisors VI, L.L.C. | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
AF | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Delaware | |||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
1,149,387 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power 1,149,387 | |||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
1,149,387 | |||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
0.4%1 | |||||
14. | Type Of Reporting Person
OO |
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
GS Capital Partners VI GmbH & Co. KG | ||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| ||||
3. | SEC Use Only
| ||||
4. | Source of Funds
WC | ||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | ||||
6. | Citizenship or Place of Organization
Germany | ||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | |||
8. | Shared Voting Power
148,908 | ||||
9. | Sole Dispositive Power
0 | ||||
10. | Shared Dispositive Power 148,908 | ||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
148,908 | ||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | ||||
13. | Percent of Class Represented by Amount in Row 11
0.1%1 | ||||
14. | Type Of Reporting Person
PN |
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
Goldman, Sachs Management GP GMBH | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
AF | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Germany | |||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
148,908 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power 148,908 | |||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person 148,908 | |||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
0.1%1 | |||||
14. | Type Of Reporting Person
OO | |||||
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
MBD 2011 Holdings, L.P. | ||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| ||||
3. | SEC Use Only
| ||||
4. | Source of Funds
WC | ||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | ||||
6. | Citizenship or Place of Organization
Cayman Islands | ||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | |||
8. | Shared Voting Power
72,128 | ||||
9. | Sole Dispositive Power
0 | ||||
10. | Shared Dispositive Power 72,128 | ||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person 72,128 | ||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | ||||
13. | Percent of Class Represented by Amount in Row 11
0.0%1 | ||||
14. | Type Of Reporting Person
PN |
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
MBD 2011 Offshore Advisors, Inc. | ||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| ||||
3. | SEC Use Only
| ||||
4. | Source of Funds
AF | ||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | ||||
6. | Citizenship or Place of Organization
Cayman Islands | ||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | |||
8. | Shared Voting Power
120,988 | ||||
9. | Sole Dispositive Power
0 | ||||
10. | Shared Dispositive Power 120,988 | ||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person 120,988 | ||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | ||||
13. | Percent of Class Represented by Amount in Row 11
0.0%1 | ||||
14. | Type Of Reporting Person
CO |
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
Bridge Street 2011, L.P. | ||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| ||||
3. | SEC Use Only
| ||||
4. | Source of Funds
WC | ||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | ||||
6. | Citizenship or Place of Organization
Delaware | ||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | |||
8. | Shared Voting Power
110,518 | ||||
9. | Sole Dispositive Power
0 | ||||
10. | Shared Dispositive Power 110,518 | ||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person 110,518 | ||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | ||||
13. | Percent of Class Represented by Amount in Row 11
0.0%1 | ||||
14. | Type Of Reporting Person
PN |
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
Bridge Street Opportunity Advisors, L.L.C. | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
AF | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Delaware | |||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
110,518 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power 110,518 | |||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person 110,518 | |||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
0.0%1 | |||||
14. | Type Of Reporting Person
OO | |||||
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
Bridge Street 2011 Offshore, L.P. | ||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| ||||
3. | SEC Use Only
| ||||
4. | Source of Funds
WC | ||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | ||||
6. | Citizenship or Place of Organization
Cayman Islands | ||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | |||
8. | Shared Voting Power
48,861 | ||||
9. | Sole Dispositive Power
0 | ||||
10. | Shared Dispositive Power 48,861 | ||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person 48,861 | ||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | ||||
13. | Percent of Class Represented by Amount in Row 11
0.0%1 | ||||
14. | Type Of Reporting Person
PN |
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
West Street Energy Partners, L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
WC | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Delaware | |||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
1,265,722 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power 1,265,722 | |||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person 1,265,722 | |||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
0.5%1 | |||||
14. | Type Of Reporting Person
PN | |||||
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
Broad Street Energy Advisors, L.L.C. | ||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| ||||
3. | SEC Use Only
| ||||
4. | Source of Funds
AF | ||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | ||||
6. | Citizenship or Place of Organization
Delaware | ||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | |||
8. | Shared Voting Power
2,398,823 | ||||
9. | Sole Dispositive Power
0 | ||||
10. | Shared Dispositive Power 2,398,823 | ||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person 2,398,823 | ||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | ||||
13. | Percent of Class Represented by Amount in Row 11
0.9%1 | ||||
14. | Type Of Reporting Person
OO |
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
West Street Energy Partners Offshore Holding-B, L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
WC | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Cayman Islands | |||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power 0
| ||||
8. | Shared Voting Power
289,674 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power 289,674 | |||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person 289,674 | |||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
0.1%1 | |||||
14. | Type Of Reporting Person
PN | |||||
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
West Street Energy Partners Offshore, L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
WC | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Cayman Islands | |||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
843,427 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power 843,427 | |||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person 843,427 | |||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
0.3% 1 | |||||
14. | Type Of Reporting Person
PN | |||||
(1)
Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment
No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting
Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on
the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
MBD 2013, L.P. | ||||
2. | Check the Appropriate Box if a Member of a Group
(a) ☐ (b) ☐
| ||||
3. | SEC Use Only
| ||||
4. | Source of Funds
WC | ||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | ||||
6. | Citizenship or Place of Organization
Delaware | ||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | |||
8. | Shared Voting Power
34,900 | ||||
9. | Sole Dispositive Power
0 | ||||
10. | Shared Dispositive Power
34,900 | ||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
34,900 | ||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | ||||
13. | Percent of Class Represented by Amount in Row 11
0.0%1 | ||||
14. | Type Of Reporting Person
PN |
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
MBD Advisors, L.L.C. | ||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| ||||
3. | SEC Use Only
| ||||
4. | Source of Funds
AF | ||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | ||||
6. | Citizenship or Place of Organization
Delaware | ||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | |||
8. | Shared Voting Power
47,697 | ||||
9. | Sole Dispositive Power
0 | ||||
10. | Shared Dispositive Power 47,697 | ||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person 47,697 | ||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | ||||
13. | Percent of Class Represented by Amount in Row 11
0.0%1 | ||||
14. | Type Of Reporting Person
OO |
(1)
Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment
No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting
Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on
the Class A Shares.
CUSIP No. G7500M 104
1. | Names of Reporting Persons
MBD 2013 Offshore, L.P. | |||||
2. | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
3. | SEC Use Only
| |||||
4. | Source of Funds
WC | |||||
5. | Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)
☐ | |||||
6. | Citizenship or Place of Organization
Cayman Islands | |||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
7. | Sole Voting Power
0 | ||||
8. | Shared Voting Power
12,797 | |||||
9. | Sole Dispositive Power
0 | |||||
10. | Shared Dispositive Power 12,797 | |||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person 12,797 | |||||
12. | Check if the Aggregate Amount In Row (11) Excludes Certain Shares
☐ | |||||
13. | Percent of Class Represented by Amount in Row 11
0.0%1 | |||||
14. | Type Of Reporting Person
PN |
(1) Based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022. In addition, the Reporting Persons beneficially own 105,863,766 non-voting Class C Shares. The amounts and percentages presented above are based only on the Class A Shares.
This Amendment No. 6 (the “Amendment”) amends and supplements the Schedule 13D originally filed by the Reporting Persons on September 2, 2021, as amended on December 10, 2021, February 14, 2022, February 17, 2022, February 23, 2022 and as further amended on March 25, 2022 (the “Original Schedule 13D” and, as amended and supplemented by this Amendment, the “Schedule 13D”). Except as specifically provided herein, this Amendment does not modify any of the information previously reported on the Original Schedule 13D. Capitalized terms not otherwise defined in this Amendment shall have the same meanings ascribed thereto in the Original Schedule 13D.
Item 2. | Identity and Background |
The response set forth in Item 2 of the Original Schedule 13D is hereby amended by deleting Schedules I and II-B in their entirety and replacing them with Schedules I and II-B attached.
Item 4. | Purpose of Transaction |
This Amendment amends Item 4 of the Original Schedule 13D to delete the paragraphs after the last paragraph under “The Class C Shares” in their entirety and replace them with the following:
Sales of Shares
On February 23, 2022, pursuant to a sale and purchase agreement dated February 11, 2022 by and between Canada Pension Plan Investment Board (“CPPIB”) and GSW (the “First Sale and Purchase Agreement”), GSW sold 18,000,000 Class A Depositary Receipts (as defined in the First Sale and Purchase Agreement) representing 18,000,000 Class A Shares and 3,400,000 Class C Depositary Receipts (as defined in the First Sale and Purchase Agreement) representing 3,400,000 Class C Shares to CPPIB in a privately negotiated transaction (the “First Sale and Purchase”) at a purchase price of $6.50 per Class A Depositary Receipt and $6.50 per Class C Depositary Receipt.
On the same date, pursuant to a sale and purchase agreement dated February 16, 2022 by and between CPPIB and GSW (the “Second Sale and Purchase Agreement”), GSW sold 9,100,000 Class C Depositary Receipts representing 9,100,000 Class C Shares to CPPIB in a privately negotiated transaction (the “Second Sale and Purchase”) at a purchase price of $6.50 per Class C Depositary Receipt.
On March 18, 2022, GSW sold 576,387 Class A Shares pursuant to the Issuer’s registration statement on Form F-1 as filed with the U.S. Securities and Exchange Commission on September 22, 2021 (the “Shelf Registration Statement”), at a weighted average net sale price of $8.42 per Class A Share.
On March 21, 2022, GSW sold 274,144 Class A Shares pursuant to the Shelf Registration Statement, at a weighted average net sale price of $7.98 per Class A Share.
On March 22, 2022, GSW sold 149,469 Class A Shares pursuant to the Shelf Registration Statement, at a weighted average net sale price of $7.93 per Class A Share.
On March 24, 2022, GSW sold 3,500,000 Class A Shares pursuant to the Shelf Registration Statement, at a weighted average net sale price of $6.60 per Class A Share (together with the sale on March 18, 2022, March 21, 2022 and March 22, 2022, the “Shelf Sales”).
Following the First Sale and Purchase, the Second Sale and Purchase and the Shelf Sales described above, GSW owns 11,633,476 Class A Shares (in the form of 11,633,475 Class A Depositary Receipts and one Class A Share), representing approximately 4.3% of the Issuer’s total outstanding Class A Shares.
Pursuant to a sale and purchase agreement dated September 23, 2022, by and between CPPIB and GSW (the “Third Sale and Purchase Agreement”), GSW has agreed to sell, and CPPIB has agreed to purchase, 11,633,475 Class A Depositary Receipts and 49,904,986 Class C Depositary Receipts representing 11,633,475 Class A Shares and 49,904,986 Class C Shares, respectively, in a privately negotiated transaction (the “Third Sale and Purchase”) at a purchase price of $6.50 per Class A Depositary Receipt and $6.50 per Class C Depositary Receipt, respectively. The Third Sale and Purchase Agreement contains customary warranties and is conditioned upon confirmation by Computershare Trust Company, N.A., as the depositary, that it has received the documents and information from GSW necessary to amend the registers of holders of Class A Depositary Receipts and Class C Depositary Receipts to reflect the transfers contemplated thereunder. Pursuant to the Third Sale and Purchase Agreement, GSW has agreed not to transfer any shares in the capital of the Issuer, depositary receipts or Identified Rights (as defined in the A&R Articles) in respect of such shares or any securities convertible into or exercisable or exchangeable for such shares, depository receipts or Identified Rights (as defined in the A&R Articles) (the “Securities”) for a period of six months from the completion of the Third Sale and Purchase (the “Standstill Period”), subject to certain exceptions set out in the Third Sale and Purchase Agreement. In addition, GSW has agreed that for a period of three months from the expiration of the Standstill Period, subject to certain exceptions set out in the Third Sale and Purchase Agreement, any transfers by GSW of any Securities will be subject to CPPIB’s right of first refusal pursuant to the terms of the Third Sale and Purchase Agreement.
Following completion of the Third Sale and Purchase described above, GSW will own one Class A Share and will have beneficial ownership of 55,958,780 Class C Shares, which may be re-designated as Class A Shares, as described under “The Class C Shares” above.
The GS Reporting Persons reserve the right, at any time and from time to time, to formulate plans and/or make proposals or take actions with respect to their investment in the Issuer, or review or reconsider their position and/or change their plans or proposals, and/or acquire additional shares of the Issuer or dispose of shares of the Issuer beneficially owned by them, in the public market or privately negotiated transactions or otherwise.
In addition, the GS Reporting Persons may from time to time engage in discussions with management, the board of directors and/or other shareholders of the Issuer and other relevant parties or take other actions concerning any extraordinary corporate transaction (including but not limited to a merger, reorganization or liquidation) or the business, operations, assets, strategy, future plans, prospects, corporate structure, board composition, management, capitalization, dividend policy, articles of incorporation, regulations, corporate documents, agreements, delisting or deregistration of the Issuer.
References to and descriptions of the Business Combination Agreement, Registration Rights, Coordination and Put Option Agreement, Shareholders Agreement, the First Sale and Purchase Agreement, the Second Sale and Purchase Agreement and the Third Sale and Purchase Agreement set forth above do not purport to be complete and are qualified in their entirety by reference to the full text of the such agreements, which have been filed as Exhibits hereto and are incorporated by reference herein.
Item 5. | Interest in Securities of the Issuer |
This Amendment amends and restates the third paragraph of Item 5 of the Original Schedule 13D in its entirety as set forth below:
Following completion of the Third Sale and Purchase described in Item 4 above, each of the GS Reporting Persons will have the following beneficial ownership of Class A Shares and Class C Shares (which may be re-designated as Class A Shares upon a transfer of such Class C Shares that meets certain conditions as described above) of the Issuer (percentages are based on 269,647,998 Class A Shares outstanding as of September 9, 2022, as reported by the Issuer in the post-effective amendment No. 1 to the registration statement on Form F-1 on Form F-3, as filed with the SEC on September 12, 2022):
(i) | The Goldman Sachs Group will have shared dispositive and voting power over 55,958,781 shares, representing 20.8% of the outstanding shares. |
(ii) | Goldman Sachs, by virtue of its status as manager for GSCP Advisors VI, GSCP VI Offshore Advisors, GS Advisors VI, Goldman Sachs Management GP, Bridge Street Opportunity Advisors, MBD 2011 Offshore Advisors, Broad Street Energy Advisors and MBD Advisors and the investment manager for each of the GSW Investors, will have shared dispositive and voting power over 55,958,781 shares, representing 20.8% of the outstanding shares. |
(iii) | GSW will have shared dispositive and voting power over 55,958,781 Class A Shares, representing 20.8% of the outstanding shares. |
(iv) | GS Capital Partners VI, by virtue of its status as a GSW Investor, will have shared dispositive and voting power over 20,111,585 shares, representing 7.5% of the outstanding shares. |
(v) | GSCP VI Advisors, by virtue of its status as the general partner of GS Capital Partners VI, will have shared dispositive and voting power over 20,111,585 shares, representing 7.5% of the outstanding shares. |
(vi) | GS Capital Partners VI Offshore Fund, by virtue of its status as a GSW Investor, will have shared dispositive and voting power over 16,726,080 shares, representing 6.2% of the outstanding shares. |
(vii) | GSCP VI Offshore Advisors, by virtue of its status as the general partner of GS Capital Partners VI Offshore Fund, will have shared dispositive and voting power over 16,726,080 shares, representing 6.2% of the outstanding shares. |
(viii) | GS Capital Partners VI Parallel, by virtue of its status as a GSW Investor, will have shared dispositive and voting power over 5,528,727 shares, representing 2.1% of the outstanding shares. |
(ix) | GS Advisors VI, by virtue of its status as the general partner of GS Capital Partners VI Parallel, will have shared dispositive and voting power over 5,528,727 shares, representing 2.1% of the outstanding shares. |
(x) | GS Capital Partners VI GmbH, by virtue of its status as a GSW Investor, will have shared dispositive and voting power over 716,272 shares, representing 0.3% of the outstanding shares. |
(xi) | Goldman Sachs Management GP, by virtue of its status as the general partner of GS Capital Partners VI GmbH, will have shared dispositive and voting power over 716,272 shares, representing 0.3% of the outstanding shares. |
(xii) | MBD 2011 Holdings, by virtue of its status as a GSW Investor, will have shared dispositive and voting power over 346,945 shares, representing 0.1% of the outstanding shares. |
(xiii) | Bridge Street 2011 Offshore, by virtue of its status as a GSW Investor, will have shared dispositive and voting power over 235,028 shares, representing 0.1% of the outstanding shares. |
(xiv) | MBD 2011 Offshore Advisors, by virtue of its status as the general partner of MBD 2011 Holdings and Bridge Street 2011 Offshore, will have shared dispositive and voting power over 581,973 shares, representing 0.2% of the outstanding shares. |
(xv) | Bridge Street 2011, by virtue of its status as a GSW Investor, will have shared dispositive and voting power over 531,608 shares, representing 0.2% of the outstanding shares. |
(xvi) | Bridge Street Opportunity Advisors, by virtue of its status as the general partner of Bridge Street 2011, will have shared dispositive and voting power over 531,608 shares, representing 0.2% of the outstanding shares. |
(xvii) | West Street Energy Partners, by virtue of its status as a GSW Investor, will have shared dispositive and voting power over 6,088,315 shares, representing 2.3% of the outstanding shares. |
(xviii) | West Street Energy Partners Offshore Holding-B, by virtue of its status as a GSW Investor, will have shared dispositive and voting power over 1,393,374 shares, representing 0.5% of the outstanding shares. |
(xix) | West Street Energy Partners Offshore, by virtue of its status as a GSW Investor, will have shared dispositive and voting power over 4,057,012 shares, representing 1.5% of the outstanding shares. |
(xx) | Broad Street Energy Advisors, by virtue of its status as the general partner of West Street Energy Partners, West Street Energy Partners Offshore Holding-B and West Street Energy Partners Offshore, will have shared dispositive and voting power over 11,538,701 shares, representing 4.3% of the outstanding shares. |
(xxi) | MBD 2013, by virtue of its status as a GSW Investor, will have shared dispositive and voting power over 167,876 shares, representing 0.1% of the outstanding shares. |
(xxii) | MBD 2013 Offshore, by virtue of its status as a GSW Investor, will have shared dispositive and voting power over 61,555 shares, representing 0.0% of the outstanding shares. |
(xxiii) | MBD Advisors, by virtue of its status as the general partner of MBD 2013 and MBD 2013 Offshore, will have shared dispositive and voting power over 229,431 shares, representing 0.1% of the outstanding shares. |
Item 7. | Material to be Filed as Exhibits |
Exhibit Number |
Description of Exhibits | |
99.1 | Business Combination Agreement, dated as of February 24, 2021, as it may be amended from time to time, by and among the Issuer, RMG II, the RMG II Representative, Merger Sub, ReNew India and the Major Shareholders (incorporated herein by reference to Exhibit 99.1 to the Original Schedule 13D). | |
99.2 | Shareholders Agreement, dated as August 23, 2021, by and among the Issuer and each Shareholders Agreement Investor (incorporated herein by reference to Exhibit 99.2 to the Original Schedule 13D). | |
99.3 | Registration Rights, Coordination and Put Option Agreement, dated as of August 23, 2021, by and among the Issuer, the Significant Shareholders, the Founder Investors and ReNew India (incorporated herein by reference to Exhibit 99.3 to the Original Schedule 13D). | |
99.4 | Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Exchange Act, dated as of September 2, 2021, by and among the GS Reporting Persons (incorporated herein by reference to Exhibit 99.4 to the Original Schedule 13D). | |
99.5 | Power of Attorney, relating to The Goldman Sachs Group, Inc. (incorporated herein by reference to Exhibit 99.5 to the Original Schedule 13D). | |
99.6 | Power of Attorney, relating to Goldman, Sachs & Co. LLC (incorporated herein by reference to Exhibit 99.6 to the Original Schedule 13D). | |
99.7 | Power of Attorney, relating to GS Wyvern Holdings Limited (incorporated herein by reference to Exhibit 99.7 to the Original Schedule 13D). | |
99.8 | Power of Attorney, relating to GS Capital Partners VI Fund, L.P. (incorporated herein by reference to Exhibit 99.8 to the Original Schedule 13D). | |
99.9 | Power of Attorney, relating to GSCP VI Advisors, L.L.C. (incorporated herein by reference to Exhibit 99.9 to the Original Schedule 13D). | |
99.10 | Power of Attorney, relating to GS Capital Partners VI Offshore Fund, L.P. (incorporated herein by reference to Exhibit 99.10 to the Original Schedule 13D). |
99.11 | Power of Attorney, relating to GSCP VI Offshore Advisors, L.L.C. (incorporated herein by reference to Exhibit 99.11 to the Original Schedule 13D). | |
99.12 | Power of Attorney, relating to GS Capital Partners VI Parallel, L.P. (incorporated herein by reference to Exhibit 99.12 to the Original Schedule 13D). | |
99.13 | Power of Attorney, relating to GS Advisors VI, L.L.C. (incorporated herein by reference to Exhibit 99.13 to the Original Schedule 13D). | |
99.14 | Power of Attorney, relating to GS Capital Partners VI GmbH & Co. KG (incorporated herein by reference to Exhibit 99.14 to the Original Schedule 13D). | |
99.15 | Power of Attorney, relating to Goldman, Sachs Management GP GmbH (incorporated herein by reference to Exhibit 99.15 to the Original Schedule 13D). | |
99.16 | Power of Attorney, relating to MBD 2011 Holdings, L.P. (incorporated herein by reference to Exhibit 99.16 to the Original Schedule 13D). | |
99.17 | Power of Attorney, relating to Bridge Street 2011, L.P. (incorporated herein by reference to Exhibit 99.17 to the Original Schedule 13D). | |
99.18 | Power of Attorney, relating to Bridge Street Opportunity Advisors, L.L.C. (incorporated herein by reference to Exhibit 99.18 to the Original Schedule 13D). | |
99.19 | Power of Attorney, relating to Bridge Street 2011 Offshore, L.P. (incorporated herein by reference to Exhibit 99.19 to the Original Schedule 13D). | |
99.20 | Power of Attorney, relating to MBD 2011 Offshore Advisors, Inc. (incorporated herein by reference to Exhibit 99.20 to the Original Schedule 13D). | |
99.21 | Power of Attorney, relating to West Street Energy Partners, L.P. (incorporated herein by reference to Exhibit 99.21 to the Original Schedule 13D). | |
99.22 | Power of Attorney, relating to West Street Energy Partners Offshore Holding-B, L.P. (incorporated herein by reference to Exhibit 99.22 to the Original Schedule 13D). | |
99.23 | Power of Attorney, relating to West Street Energy Partners Offshore, L.P. (incorporated herein by reference to Exhibit 99.23 to the Original Schedule 13D). | |
99.24 | Power of Attorney, relating to Broad Street Energy Advisors, L.L.C. (incorporated herein by reference to Exhibit 99.24 to the Original Schedule 13D). | |
99.25 | Power of Attorney, relating to MBD 2013, L.P. (incorporated herein by reference to Exhibit 99.25 to the Original Schedule 13D). | |
99.26 | Power of Attorney, relating to MBD 2013 Offshore, L.P. (incorporated herein by reference to Exhibit 99.26 to the Original Schedule 13D). | |
99.27 | Power of Attorney, relating to MBD Advisors, L.L.C. (incorporated herein by reference to Exhibit 99.27 to the Original Schedule 13D). | |
99.28 | Sale and Purchase Agreement dated as of February 11, 2022, by and between CPPIB and GSW (incorporated by reference to Exhibit 99.28 to the Original 13D). |
99.29 | Sale and Purchase Agreement dated as of February 16, 2022 by and between CPPIB and GSW (incorporated by reference to Exhibit 99.29 to the Original 13D). | |
Sale and Purchase Agreement dated as of September 23, 2022 by and between CPPIB and GSW (filed herewith). |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: September 23, 2022
THE GOLDMAN SACHS GROUP, INC. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
GOLDMAN, SACHS & CO. L.L.C. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
GS WYVERN HOLDINGS LIMITED | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
GS CAPITAL PARTNERS VI FUND, L.P. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
GSCP VI ADVISORS, L.L.C. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
GS CAPITAL PARTNERS VI OFFSHORE FUND, L.P. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact |
GSCP VI OFFSHORE ADVISORS, L.L.C. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
GS CAPITAL PARTNERS VI PARALLEL, L.P. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
GS ADVISORS VI, L.L.C. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
GS CAPITAL PARTNERS VI GMBH & CO. KG | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
GOLDMAN, SACHS MANAGEMENT GP GMBH | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
MBD 2011 HOLDINGS, L.P. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact |
BRIDGE STREET 2011 OFFSHORE, L.P. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
MBD 2011 OFFSHORE ADVISORS, INC. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
BRIDGE STREET 2011, L.P. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
BRIDGE STREET OPPORTUNITY ADVISORS, L.L.C. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
WEST STREET ENERGY PARTNERS, L.P. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
WEST STREET ENERGY PARTNERS OFFSHORE HOLDING-B, L.P. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact |
WEST STREET ENERGY PARTNERS OFFSHORE, L.P. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
BROAD STREET ENERGY ADVISORS, L.L.C. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
MBD 2013, L.P. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
MBD 2013 OFFSHORE, L.P. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact | |
MBD ADVISORS, L.L.C. | ||
By: | /s/ Crystal Orgill | |
Name: | Crystal Orgill | |
Title: | Attorney-in-fact |
SCHEDULE I
The name of each director and executive officer of The Goldman Sachs Group, Inc. is set forth below.
The business address of each person listed below is c/o Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282.
Each person is a citizen of the United States of America except for Lakshmi N. Mittal, who is a citizen of India, and Mark O. Winkelman, who is a citizen of the Netherlands. Philip R. Berlinski is also a citizen of Belgium and the United Kingdom, and Adebayo O. Ogunlesi is also a citizen of Nigeria. The present principal occupation or employment of each of the listed persons is set forth below.
Name | Present Principal Occupation | |
David M. Solomon | Chairman and Chief Executive Officer of The Goldman Sachs Group, Inc. | |
Philip R. Berlinski | Global Treasurer of The Goldman Sachs Group, Inc. | |
M. Michele Burns | Former Chairman and Chief Executive Officer, Mercer LLC; Former Chief Financial Officer of each of: Marsh & McLennan Companies, Inc., Mirant Corp. and Delta Air Lines, Inc. | |
Denis P. Coleman III | Chief Financial Officer of The Goldman Sachs Group, Inc. | |
Drew G. Faust | Professor and Former President of Harvard University | |
Mark A. Flaherty | Former Vice Chairman, Wellington Management Company | |
Sheara J. Fredman | Chief Accounting Officer of The Goldman Sachs Group, Inc. | |
Kimberley D. Harris | Executive Vice President of Comcast Corporation; Executive Vice President and General Counsel of NBCUniversal | |
Ellen J. Kullman | Executive Chair, Carbon, Inc. | |
Brian J. Lee | Chief Risk Officer of The Goldman Sachs Group, Inc. | |
Lakshmi N. Mittal | Executive Chairman of ArcelorMittal S.A. | |
Adebayo O. Ogunlesi | Chairman and Managing Partner of Global Infrastructure Partners | |
Peter Oppenheimer | Former Senior Vice President and Chief Financial Officer of Apple, Inc. | |
John F.W. Rogers | Executive Vice President of The Goldman Sachs Group, Inc. | |
Kathryn H. Ruemmler | Chief Legal Officer and General Counsel of The Goldman Sachs Group, Inc. | |
Ericka T. Leslie | Chief Administrative Officer of The Goldman Sachs Group, Inc. | |
Jan E. Tighe | Former Vice Admiral, United States Navy | |
Jessica R. Uhl | Former Chief Financial Officer of Shell plc | |
David A. Viniar | Former Chief Financial Officer of The Goldman Sachs Group, Inc. | |
John E. Waldron | President and Chief Operating Officer of The Goldman Sachs Group, Inc. | |
Mark O. Winkelman | Private Investor |
SCHEDULE II-B
The name, position and present principal occupation of each executive officer and director of (i) GSW, (ii) GSCP VI Advisors, the sole general partner of GS Capital Partners VI, (iii) GSCP VI Offshore Advisors, the sole general partner of GS Capital Partners VI Offshore Fund, (iv) GS Advisors VI, the sole general partner of GS Capital Partners VI Parallel, (v) Goldman Sachs Management GP, the sole general partner of GS Capital Partners VI GmbH, (vi) MBD 2011 Offshore Advisors, the sole general partner of MBD 2011 Holdings and Bridge Street 2011 Offshore, (vii) Bridge Street Opportunity Advisors, the sole general partner of Bridge Street 2011, (viii) Broad Street Energy Advisors, the sole general partner of West Street Energy Partners, West Street Energy Partners Offshore Holding-B and West Street Energy Partners Offshore and (ix) MBD Advisors, the sole general partner of MBD 2013 and MBD 2013 Offshore, are set forth below.
The business address for all the executive officers listed below is c/o Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282, except as follows: The business address of each of Joseph P. DiSabato, Mark Midle, Jason Kreuziger, and David Campbell is 555 California Street, San Francisco, CA 94104. The business address of each of Oksana Beard, David Bell, Justin Betzen, Katherine Bloom, Michael Dalton, Michael Watts, Christopher (Chance) Monroe, Kyle Kendall, James Huckaby, Christopher Nelson, Clayton Wilmer, Michael Watts, Cristina Zertuche Wong and Daniel Farrar is 2001 Ross Avenue, Suite 2800, Dallas, TX 75201. The business address of Johanna Volpi is 30 Hudson Street, Jersey City, NJ 07302. The business address of each of David Miller, Taylor Mefford, Tucker Greene and Gregory Watts is 11605 Haynes Bridge Rd. Suite 695, Alpharetta, GA 30009. The business address of Ryan Flanagan is 8105 Irvine Center Dr #560, Irvine, CA 92618. The business address of Ryan Kaplan is 10100 Santa Monica Blvd, Los Angeles, CA 90067. The business address of Michael Bruun is Plumtree Court, 25 Shoe Lane, London EC4A 4AU, England. The business address of each of York Shin Lim Voon Kee, Chan Quet Yew Chan Hon Sen and Teddy Lo Seen Chong is Intercontinental Trust Limited, Level 3, Alexander House, 35 Cybercity, Ebene 72201, Mauritius. The business address of Takuma Higuchi is Roppongi Hills Mori Tower, 6-10-1, Roppongi, Minato-ku, Tokyo 106-6147, Japan.
All executive officers listed below are United States citizens, except as follows: Cedric Lucas is a citizen of France; Adrian M. Jones is a citizen of Ireland; Anthony Arnold is a citizen of the United Kingdom; Harsh Nanda is a citizen of India; David Campbell is a citizen of Australia; Nicole Agnew, Gregory Olafson, Chris Kojima and Sebastien Gagnon are citizens of Canada; Michael Bruun is a citizen of Denmark; York Shin Lim Voon Kee and Chan Quet Yew Chan Hon Sen are citizens of the Republic of Mauritius; Takuma Higuchi is a citizen of Japan; and Teddy Lo Seen Chong is a citizen of the Republic of Mauritius and Canada.
NAME | POSITION | PRESENT PRINCIPAL OCCUPATION | ||
Richard A. Friedman |
President |
Managing Director of Goldman Sachs & Co. LLC |
||
Nicole Agnew | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Anthony Arnold | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Alex Chi | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Darren Cohen | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Christopher A. Crampton | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Joseph P. DiSabato | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Jeffrey M. Fine | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Charles H. Gailliot | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Bradley J. Gross | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Adrian M. Jones | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Alan S. Kava | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Michael E. Koester | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Scott Lebovitz | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
David Miller | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Hillel Moerman | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Jo Natauri | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Gregory Olafson | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Kenneth Pontarelli | Vice President | Managing Director of Goldman Sachs & Co. LLC |
Laurie E. Schmidt | Vice President & Treasurer | Managing Director of Goldman Sachs & Co. LLC | ||
Leonard Seevers | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Gaurav Seth | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Michael Ungari | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Vikas Agrawal | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Andre Alfaro | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Daniel Alger | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Patrick Armstrong | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Matthew Baker | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Oksana Beard | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
David Bell | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Allison Beller | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Jeffrey Bernstein | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Justin Betzen | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Katherine Bloom | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Jeff Boyd | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Steven Budig | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
David Campbell | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Omar Chaudhary | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Alexander Cheek | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
William Chen | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Nora Creedon | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Michael Dalton | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Dirk Degenaars | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Johanna Diaz | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Terence Doherty | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Ryan Flanagan | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Sebastien Gagnon | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Andrea Gift | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Tucker Greene | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Philip Grovit | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Ashwin Gupta | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Jonathan Hunt | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Vivek Kagzi | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Ryan Kaplan | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Kyle Kendall | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Christopher Kojima | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Jason Kreuziger | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Lee Levy | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Christina Sun Li | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Michael Lohr | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Cedric Lucas | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Taylor Mefford | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Mark Midle | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Christopher Monroe | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Antoine Munfa | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Harsh Nanda | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Christopher Nelson | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Joonsung Park | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Jeff Possick | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Andrew Rhee | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Yarojin Robinson | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Brady Schuck | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Mallika Sinha | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Gabriella Skirnick | Vice President | Managing Director of Goldman Sachs & Co. LLC |
Kevin Sterling | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Cleaver Sower | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Holger Staude | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Peter Vermette | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Sherry Wang | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Gregory Watts | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Michael Watts | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Letitia Webster | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Mark Wetzel | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Andrew White | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Cristina Zertuche Wong | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
William Y. Eng | Vice President | Vice President of Goldman Sachs & Co. LLC | ||
Scott Kilpatrick | Vice President | Vice President of Goldman Sachs & Co. LLC | ||
Michael Watts | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Clayton Wilmer | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Carey Ziegler | Vice President & Secretary | Managing Director of Goldman Sachs & Co. LLC | ||
David Thomas | Vice President, Assistant Secretary & Assistant General Counsel | Managing Director of Goldman Sachs & Co. LLC | ||
Getty Chin | Vice President & Assistant Treasurer | Managing Director of Goldman Sachs & Co. LLC | ||
Daniel Farrar | Vice President & Assistant Treasurer | Vice President of Goldman Sachs & Co. LLC | ||
Kirsten Frivold Imohiosen | Vice President & Assistant Treasurer | Managing Director of Goldman Sachs & Co. LLC | ||
Larry Kleinman | Vice President & Assistant Treasurer | Managing Director of Goldman Sachs & Co. LLC | ||
Harvey Shapiro | Vice President & Assistant Treasurer | Managing Director of Goldman Sachs & Co. LLC | ||
Johanna Volpi | Vice President & Assistant Treasurer | Vice President of Goldman Sachs & Co. LLC | ||
Kerri Bagnaturo | Vice President | Vice President of Goldman Sachs & Co. LLC | ||
Carrie Gannon | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Scott Mehling | Vice President | Managing Director of Goldman Sachs & Co. LLC | ||
Michael Schramm | Managing Director | Managing Director of Goldman Sachs International | ||
Michael Bruun | Managing Director | Managing Director of Goldman Sachs International | ||
Takuma Higuchi | Vice President | Vice President of Goldman Sachs Japan Co., Ltd. | ||
York Shin Lim Voon Kee | Chief Executive Officer | Chief Executive Officer of Intercontinental Trust Ltd. | ||
Teddy Lo Seen Chong | Finance Director | Finance Director of Intercontinental Trust Ltd. | ||
Chan Quet Yew Chan Hon Sen | Partner | Partner of Andersen (Mauritius) Ltd. |
The Goldman Sachs Group, Inc. SC 13D/A
Exhibit 99.30
DATED: 23 September 2022
GS WYVERN HOLDINGS LIMITED
AND
CANADA PENSION PLAN INVESTMENT BOARD
AGREEMENT FOR THE SALE AND PURCHASE
OF
DEPOSITARY RECEIPTS REPRESENTING CLASS A
ORDINARY SHARES AND
CLASS C ORDINARY SHARES
IN RENEW ENERGY GLOBAL PLC
TABLE OF CONTENTS
1. | DEFINITIONS AND INTERPRETATION | 2 |
2. | SALE AND PURCHASE | 6 |
3. | CONSIDERATION | 6 |
4. | EXCHANGE AND COMPLETION | 7 |
5. | WARRANTIES | 7 |
6. | LIMITATIONS ON LIABILITY | 8 |
7. | STANDSTILL | 8 |
8. | RIGHT OF FIRST REFUSAL | 9 |
9. | BUYER ACKNOWLEDGEMENTS | 11 |
10. | SELLER ACKNOWLEDGEMENTS | 12 |
11. | QUALIFYING FINANCIAL CONTRACT | 12 |
12. | NO SET OFF, DEDUCTION OR COUNTERCLAIM | 12 |
13. | CONFIDENTIALITY AND ANNOUNCEMENTS | 13 |
14. | ASSIGNMENT | 14 |
15. | ENTIRE AGREEMENT | 14 |
16. | SEVERABILITY | 14 |
17. | VARIATION, RELEASE AND WAIVER | 14 |
18. | CONTRACTS (RIGHTS OF THIRD PARTIES) | 14 |
19. | COSTS | 15 |
20. | WITHHOLDING | 15 |
21. | NOTICES | 15 |
22. | COUNTERPARTS | 16 |
23. | GOVERNING LAW AND JURISDICTION | 16 |
24. | PROCESS AGENT | 17 |
25. | ASSIGNMENT OF REGISTRATION RIGHTS | 18 |
Schedule 1 SELLER’S OBLIGATIONS | 19 | |
Schedule 2 BUYER’S COMPLETION OBLIGATIONS | 20 | |
Schedule 3 SELLER WARRANTIES | 21 | |
Schedule 4 BUYER WARRANTIES | 24 |
i
THIS AGREEMENT is dated 23 September 2022
PARTIES
(1) | GS WYVERN HOLDINGS LIMITED, a company organized under the laws of Mauritius, having its principal office at c/o Intercontinental Trust Ltd., Level 3, Alexander House, 35 Cybercity, Ebene, Mauritius (Seller); and |
(2) | CANADA PENSION PLAN INVESTMENT BOARD, a Canadian crown corporation organized under the Canada Pension Plan Investment Board Act, 1997, c.40 and having its registered office at One Queen Street East Suite 2500, Toronto, Ontario, M5C 2W5, Canada (Buyer). |
BACKGROUND
(a) | The Seller is the legal and beneficial owner of 11,633,475 certificated depositary receipts (ReNew Class A Depositary Receipts) each of which represents one class A ordinary share, par value $0.0001 (Class A Share), and 105,863,766 certificated depositary receipts (ReNew Class C Depositary Receipts) each of which represents one class C ordinary share, par value $0.0001 (Class C Share), in each case, in the capital of ReNew Energy Global plc, a public company limited by shares incorporated in England and Wales with registered number 13220321 and having its registered office at C/O Vistra (UK) Ltd, 3rd Floor, 11-12 St. James’s Square, London, England, SW1Y 4LB (the Company). |
(b) | The Seller has agreed to sell, and the Buyer has agreed to purchase, 11,633,475 ReNew Class A Depositary Receipts (A Depositary Receipts) and 49,904,986 ReNew Class C Depositary Receipts (C Depositary Receipts) constituted by a deposit agreement between the Company, CPU and the holders of depositary receipts in respect of shares in the Company from time to time dated 20 August 2021 (the Deposit Agreement, and the A Depositary Receipts and the C Depositary Receipts together, the Depositary Receipts) on the terms and conditions set out in this Agreement (Sale). |
AGREED TERMS
1. | DEFINITIONS AND INTERPRETATION |
1.1 | The following words, expressions and abbreviations apply in this Agreement (including the Background): |
Affiliate | means, in relation to any person, any other person that, directly or indirectly through one or more intermediaries, Controls, is Controlled by or is under common Control with such person, including, without limitation, any general partner, managing member, or trustee of such Person and any fund or investment entity or account now or hereafter existing which is Controlled by or under common Control with, or advised or sponsored by, one or more general partners, managing members or investment advisors of, or shares the same management company or investor advisor with, such Person. In the case of the Seller, “Affiliate” also includes funds managed and/or Controlled by The Goldman Sachs Group, Inc. and/or any of its Affiliates (as defined in the preceding sentence) (as the case may be), but excludes the Company and any of its Controlled Affiliates. In the case of the Buyer, “Affiliate” excludes the Company and its Controlled Affiliates. |
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Business Day | means a day (other than Saturday or Sunday) on which banks in the City of London, England; New York, New York; Port Louis, Mauritius; and Toronto, Canada are customarily open for business. |
Buyer Warranties | means the warranties and undertakings set out in Schedule 4. |
Claim | means any claim for a breach of, or under, or in connection with, this Agreement. |
Completion | means completion of the Sale in accordance with this Agreement. |
Completion Date | has the meaning given to such phrase in Clause 4.4. |
Consideration | means the amount payable for the Depositary Receipts in accordance with Clause 3 and this Agreement. |
Control | means, with respect to any person, possession, directly or indirectly, of the power, whether exercised or not, to direct or cause the direction of management or policies of such person (whether through ownership of voting securities or partnership or other ownership interests, by contract or otherwise); provided that such power or authority shall conclusively be presumed to exist upon possession of beneficial ownership or power to direct the vote of more than fifty percent (50%) of the votes entitled to be cast at a meeting of the members or shareholders of such person or power to appoint, remove or control the composition of a majority of the board of directors of such person. The terms Controlled by and under common Control with shall have a corresponding meaning. |
CPU | Computershare Trust Company, N.A. |
CPU Condition | has the meaning given to such phrase in Clause 4.2. |
Encumbrance | means a mortgage, charge, pledge, lien, option, restriction, right of first refusal, right of pre-emption, third party right or interest, other encumbrance or security interest of any kind, or another type of preferential arrangement (including, without limitation, a title transfer or retention arrangement) having similar effect. |
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Fundamental Warranty | means the warranties set out in paragraphs 1 through 7 and paragraph 14 of Schedule 3. |
IT Act | has the meaning given to such phrase in paragraph 15 of Schedule 3. |
Legal Requirement | has the meaning given to such phrase in Clause 13.2(c). |
Public Information | has the meaning given to such phrase in paragraph 9 of Schedule 3. |
QIB | means a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act. |
Registration Rights Agreement | means the registration rights, coordination and put option agreement dated 23 August 2021 between the Seller, the Company, ReNew Power Private Limited, RMG Sponsor II, LLC, the Buyer, Platinum Hawk C 2019 RSC Limited, GEF SACEF India, JERA Power RN B.V., Mr. Sumant Sinha, Cognisa Investment and Wisemore Advisory Private Limited. |
Sanctions | means any sanctions or embargoes and/or restrictive measures administered or imposed by the U.S. Department of the Treasury’s Office of Foreign Assets Control, the U.S. State Department, any other agency of the U.S. government, the United Nations, the European Union or the United Kingdom. |
Securities | means any shares in the capital of the Company, and any depositary receipts or Identified Rights (as defined in the ReNew Global Articles) in respect of such shares (including the Class A Shares, Class C Shares, ReNew Class A Depositary Receipts and ReNew Class C Depositary Receipts), or any securities convertible into or exercisable or exchangeable for such shares, depository receipts or Identified Rights. |
Securities Act | means the Securities Act of 1933, as amended. |
Seller’s Bank Account |
means the following bank account of the Seller:
Beneficiary Account Number: 080-108327-020 |
Seller Warranties | means the warranties and undertakings set out in Schedule 3. |
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Tax Warranty | means the warranty set out in paragraph 15 of Schedule 3. |
Transaction Documents | means this Agreement and any other documents in the agreed form. |
Transfer | means (a) to sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the U.S. Securities and Exchange Commission promulgated thereunder, with respect to any Securities; (b) to enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any of the Securities, in cash or otherwise; or (c) to publicly announce any intention to effect any transaction specified in clause (a) or (b) of this definition. |
U.S. Special Resolution Regime | means each of the Federal Deposit Insurance Act (12 U.S.C. §§ 1811–1835a) and regulations promulgated thereunder and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. §§ 5381–5394) and the regulations promulgated thereunder. |
1.2 | In this Agreement: |
(a) | Clause, Schedule and paragraph headings will be disregarded in its construction; |
(b) | unless the context otherwise requires, a reference to a Clause or Schedule is to the relevant clause of, or schedule to, this Agreement, and any reference to a paragraph is to a paragraph of the Schedule in which it appears; |
(c) | the Schedules form part of this Agreement and have effect as if set out in full in its body; |
(d) | unless the context otherwise requires, words in the singular include the plural and the plural include the singular and reference to one gender includes all genders; |
(e) | any reference to a party is to a party to this Agreement and includes a reference to that party’s successors and permitted assigns; |
(f) | a reference to a person includes any individual, company, firm, partnership, unincorporated association, organisation, foundation, trust, government, state or agency of a state, in each case whether or not having separate legal personality; |
(g) | a reference to a company includes any company, corporation or other body corporate, wherever and however incorporated or established; |
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(h) | a reference to a statute, enactment, statutory provision, subordinate legislation, EU directive or regulation, code or guideline includes a reference, in each case, to: |
(i) | any consolidation, re-enactment, modification or replacement of it; and |
(ii) | any subordinate legislation made under it from time to time; |
(i) | except in relation to the calculation of periods of time, any reference to the terms including and include (or any similar term) is not to be construed as implying any restriction on the meaning of any word, description, definition, phrase or term preceding those terms, and any reference to the term other (or any similar term) is not to be construed as implying any restriction on the meaning of any word, description, definition, phrase or term following that term; |
(j) | a reference to a document being in the agreed form or similar will be construed to mean in a form agreed between the parties (whether electronic or hard-copy) and initialled by a representative of each of the parties for the purposes of identification or agreed in writing as being in agreed form by them or on their behalf; |
(k) | any reference to writing or written includes any method of reproducing words or text in legible, permanent and tangible form; and |
(l) | any reference to USD or $ is to the lawful currency of the United States as at the date of this Agreement. |
2. | SALE AND PURCHASE |
2.1 | At Completion, the Seller shall sell full legal and beneficial title to the Depositary Receipts to the Buyer free and clear from all Encumbrances and third party claims of any nature whatsoever and together with all rights attaching to them and the Buyer shall purchase the Depositary Receipts, on the terms and conditions of this Agreement. The Buyer acknowledges and agrees that the Depositary Receipts are subject to restrictions under applicable securities laws and takes the Depositary Receipts subject to the Deposit Agreement and the Registration Rights Agreement. |
2.2 | Subject to Completion having occurred, the Buyer shall be entitled to all rights and advantages accruing to the Depositary Receipts including dividends, distributions and any return of capital declared, paid or made in respect of the Depositary Receipts, in each case on or after Completion. |
3. | CONSIDERATION |
The amount payable for the Depositary Receipts shall be $6.50 per A Depositary Receipt and $6.50 per C Depositary Receipt, being $399,999,996.50 in the aggregate which will be paid in USD in accordance with Clause 4.5 and Schedule 2.
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4. | EXCHANGE AND COMPLETION |
4.1 | On signing of this Agreement (or at such other time as is specified in Schedule 1), the Seller shall perform its obligations and deliver, or procure the delivery of, each of the documents listed in Schedule 1. |
4.2 | Completion shall be conditional upon CPU confirming by email to the Buyer and the Seller that it has received the documents and information from the Seller necessary to amend the registers of holders of ReNew Class A Depositary Receipts and ReNew Class C Depositary Receipts to reflect the Sale (the CPU Condition). |
4.3 | Between signing of this Agreement and Completion: (a) the Seller shall use reasonable endeavours to provide CPU with any information and documents in its possession or under its control and any assistance as may be reasonably required by CPU in connection with satisfying the CPU Condition; and (b) the Buyer shall use reasonable endeavours to provide CPU with any information and documents in its possession or under its control and assistance which may be required in connection with the updating of the register contemplated by Clause 4.5(a). |
4.4 | Completion shall take place two Business Days after the date on which the CPU Condition has been satisfied or such other date as the parties shall agree in writing (Completion Date). |
4.5 | Completion shall occur upon (a) CPU sending to the Buyer and the Seller a screenshot of the registers in respect of ReNew Class A Depositary Receipts and ReNew Class C Depositary Receipts updated in respect of the Sale; (b) the Buyer having performed its obligations listed in Schedule 2 and; (c) the Seller having received the Consideration in the Seller Bank Account. |
4.6 | The Seller shall: |
(a) | prior to Completion, provide the Buyer with a report issued by KPMG Assurance and Consulting Services LLP, on a reliance basis and in a form reasonably acceptable to the Buyer, confirming that prior to the Completion Date the Seller has not received any notice in connection with any proceedings or demands which may be pending or to the knowledge of the Seller, threatened against the Seller under the IT Act that will result in, or would reasonably be expected to result in, the transfer of Depositary Receipts being adversely impacted or declared void as per Section 281 of the IT Act; and |
(b) | following Completion, make appropriate income-tax return filings in India within the time period prescribed under, and in accordance with, the IT Act, disclosing the transaction in a manner that is consistent with this Agreement. |
5. | WARRANTIES |
5.1 | The Seller warrants to the Buyer that each of the warranties by the Seller in Schedule 3 is true, accurate in all respects and not misleading at the date of this Agreement and at the Completion Date. |
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5.2 | The Buyer warrants to the Seller that each of the warranties by the Buyer in Schedule 4 is true, accurate in all respects and not misleading at the date of this Agreement and at the Completion Date. |
5.3 | Each of the warranties provided by each of the Seller and the Buyer is separate and independent and except as expressly otherwise provided in this Agreement, shall not be limited by reference to any other warranty or anything in this Agreement. |
6. | LIMITATIONS ON LIABILITY |
6.1 | The maximum aggregate liability of the Seller in respect of: |
(a) | all claims in respect of the Tax Warranty shall not exceed $40,000,000; and |
(b) | all Claims shall not exceed the Consideration received by it. |
6.2 | The Seller shall not be liable in respect of: |
(a) | any claim in respect of the Tax Warranty or any Fundamental Warranty, unless written notice of such claim has been given to the Seller by or on behalf of the Buyer by no later than the date which falls three years after the Completion Date; and |
(b) | any other Claim, unless written notice of such Claim has been given to the Seller by or on behalf of the Buyer by no later than the date that is 12 months after the Completion Date. |
6.3 | Any Claim against the Seller will (if it has not previously been satisfied, settled or withdrawn) be deemed to have been withdrawn unless legal proceedings in respect of it have been commenced by being both issued and served within three months of notification of the Claim to the Seller. |
6.4 | None of the limitations contained in this Clause 6 will apply to any Claim if any liability of the Seller in respect of that Claim arises from, or is increased as a result of, fraud or fraudulent misrepresentation on the part of the Seller. |
6.5 | The rights and remedies of the Buyer under this Agreement with respect to the warranties and undertakings given in Schedule 3 shall not be affected by Completion and shall survive delivery of and payment for the Depositary Receipts. The rights and remedies of the Seller under this Agreement with respect to the warranties and undertakings given in Schedule 4 shall not be affected by Completion and shall survive delivery of and payment for the Depositary Receipts. |
7. | STANDSTILL |
7.1 | The Seller agrees that, for a period of six months from the Completion Date (the Standstill Period) the Seller shall not Transfer any Securities held by it except for any transfer permitted by Clause 7.2. |
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7.2 | Notwithstanding Clause 7.1, during the Standstill Period the Seller shall be permitted to Transfer Securities held by it: |
(a) | to an Affiliate of the Seller, provided that Seller shall deliver prior written notice to Buyer of such Transfer and such Affiliate agrees to be bound by the terms of this Clause 7 and Clause 8. If such transferee ceases to be an Affiliate of the Seller, it will Transfer such Securities back to the Seller or to an Affiliate of the Seller; or |
(b) | in connection with a bid for any class of Securities, or to give an undertaking in connection with such bid, provided that (x) Buyer or an Affiliate of Buyer also Transfers Securities in connection with such bid and/or gives such an undertaking and (y) Seller may only Transfer or (as the case may be) give an undertaking in respect of a portion of the Securities then held by it which is less than or equal to the portion of the Securities held by the Buyer and its Affiliates which are being transferred and/or are the subject of an undertaking. |
7.3 | The provisions of this Clause 7 shall cease to apply and have no further effect if the Buyer ceases to hold any Securities. |
8. | RIGHT OF FIRST REFUSAL |
8.1 | For a period of three months from the expiration date of the Standstill Period (the Refusal Period), the Seller shall not Transfer any Securities held by it except for: |
(a) | any Transfer permitted by Clause 8.2; or |
(b) | any Transfer in accordance with Clause 8.3. |
8.2 | Notwithstanding Clause 8.1 and Clause 8.3, during the Refusal Period the Seller shall be permitted to: |
(a) | Transfer Securities held by it to an Affiliate of the Seller, provided that Seller shall deliver prior written notice to Buyer of such Transfer and such Affiliate agrees to be bound by the terms of this Clause 8. If such transferee ceases to be an Affiliate of the Seller, it will transfer such Securities back to the Seller or to an Affiliate of the Seller; |
(b) | Transfer Securities in connection with a bid for any class of Securities, or to give an undertaking in connection with such bid, provided that (x) Buyer or an Affiliate of the Buyer also transfers Securities in connection with such bid and/or gives such an undertaking and (y) Seller may only Transfer or (as the case may be) give an undertaking in respect of a portion of the Securities then held by it which is less than or equal to the portion of the Securities held by the Buyer and its Affiliates which are being transferred and/or are the subject of an undertaking; or |
(c) | Transfer up to 30% of the Securities held by it to be calculated immediately following Completion (in the aggregate) to all (or, to the extent not practicable taking into account regulatory requirements and other relevant factors, less than all) direct or indirect shareholders in respect of the Seller and/or persons which are direct or indirect investors in respect of such shareholder of the Seller (collectively, Fund Investors) in each case, to the extent practicable taking into account regulatory requirements and other relevant factors, on a pro-rata basis; provided, that Seller provides 7 days’ prior written notice of such Transfer to Buyer. |
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Clause 8.3 shall not apply in respect of any Transfer permitted by this Clause 8.2.
8.3 | Notwithstanding Clause 8.1 and without prejudice to Clause 8.2, during the Refusal Period the Seller shall be permitted to Transfer Securities to any Person or Persons (the Prospective Transferee(s)) as set out below: |
(a) | the Seller shall notify the Buyer in writing (the Offer) of the number of Securities proposed to be Transferred (the Offer Securities), the price (and form of consideration) per Security (the Offer Price), other material terms and conditions of the proposed Transfer, the identity of the Prospective Transferee(s) and the intended date of the proposed Transfer; |
(b) | within 15 days following the date of the Offer (the Acceptance Period), the Buyer shall notify the Seller in writing (an Acceptance Notice) if it shall purchase all or a portion of the Offer Securities at the Offer Price and otherwise on the terms included in the Offer. If the Buyer provides the Seller with an Acceptance Notice, it shall purchase the Offer Securities that are the subject of the Acceptance Notice on the terms set out in the Offer; |
(c) | if the Buyer (i) does not deliver an Acceptance Notice within the Acceptance Period, (ii) delivers an Acceptance Notice within the Acceptance Period in respect of less than all of the Offer Securities pursuant to Clause 8.3(b) or (iii) delivers an Acceptance Notice within the Acceptance Period, but sale of the Offer Securities to the Buyer is not completed within 15 days following the date of the Acceptance Notice (or such longer period as is necessary to complete the sale following satisfaction or waiver of any applicable conditions to closing as agreed in writing between the Buyer and the Seller) (the Completion Period), then the Seller shall be entitled to Transfer (x) in the case of (i) all of the Offer Securities to the Prospective Transferee(s), (y) in the case of (ii) the Offer Securities that are not the subject of the Acceptance Notice to the Prospective Transferee(s) or (z) in the case of (iii) the Offer Securities not purchased by Buyer to any other Person or Person(s), as the case may be, in each case of (x) and (y), at a price no lower than the Offer Price. |
(d) | (x) if any sale of any Offer Securities by the Seller pursuant to Clause 2.3(c) is not completed within the 21 days (or such longer period as is necessary to complete the sale following satisfaction or waiver of any applicable conditions to closing as agreed in writing between the Seller and the Prospective Transferee(s)), following (i) expiry of the Acceptance Period, if the Buyer does not deliver an Acceptance Notice, or delivers an Acceptance Notice in respect of less than all of the Offer Securities; or (ii) expiry of Completion Period or (y) Seller at any time proposes to Transfer Offer Securities to a different Prospective Transferee or at a lower price, or on terms and conditions materially less favorable to Seller or materially more favorable to a Prospective Transferee than those set forth in the Offer (not including any terms or conditions, such as regulatory approvals, which are specific to the respective Prospective Transferee(s)), then the Seller shall be required to repeat the procedures in this Clause 8.3 prior to any subsequent Transfer by the Seller of such Offer Securities during the Refusal Period. For the avoidance of doubt, a sale made pursuant to Clause 8.3(c)(iii) and/or 8.3(c)(z) shall not be subject to Clause 8.3(d)(y). |
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8.4 | The provisions of this Clause 8 shall cease to apply and have no further effect if the Buyer ceases to hold any Securities. |
8.5 | Any Transfer not made in compliance with the requirements of Clause 7 and Clause 8 shall be null and void ab initio. Each of Buyer and Seller acknowledge and agree that any breach of Clause 7 and Clause 8 would result in substantial harm to the other party hereto for which monetary damages alone could not adequately compensate. Therefore, Buyer and Seller unconditionally and irrevocably agree that any non-breaching party hereto shall be entitled to seek protective orders, injunctive relief and other remedies available at law or in equity (including, without limitation, seeking specific performance or the rescission of purchases, sales and other transfers of Securities not made in strict compliance with this Agreement). |
9. | BUYER ACKNOWLEDGEMENTS |
9.1 | The Buyer acknowledges and agrees that: |
(a) | except pursuant to any Legal Requirement, the Buyer shall not use the name of the Seller or any of its Affiliates without obtaining the prior written consent of the Seller or the relevant Affiliate (as applicable); |
(b) | except pursuant to any Legal Requirement, the Buyer shall not, without the prior written consent of the Seller or the relevant Affiliate of the Seller (as applicable), in each instance, (i) use in advertising, publicity or otherwise the name of the Seller or any of its Affiliates, or any partner or employee of the Seller or any of its Affiliates, nor any trade name, trademark, trade device, service mark, symbol or any abbreviation, contraction or simulation thereof owned by the Seller or any of its Affiliates, or (ii) represent, directly or indirectly, that any product or any service provided by the Buyer or the Company has been approved or endorsed by the Seller or any of its Affiliates; |
(c) | nothing in this Agreement or any other Transaction Document shall create a fiduciary duty of the Seller or any of their respective Affiliates to the Buyer or any of its Affiliates; and |
(d) | (i) the Buyer will not hold or seek to hold the Seller or any of its Affiliates responsible or liable for any misstatements in or omissions from any publicly available information concerning the Company, including the Public Information or any information made available to the Buyer either prior to entry into this Agreement or prior to Completion; and (ii) the Buyer will not hold or seek to hold the Seller, any of its Affiliates or any of its or their respective control persons, officers, directors or employees responsible or liable in connection with its analysis or decision to purchase the Depositary Receipts. |
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10. | SELLER ACKNOWLEDGEMENTS |
10.1 | The Seller acknowledges and agrees that, except as may be required by any Legal Requirement: |
(a) | the Seller shall not use the name of the Buyer or any of its Affiliates without obtaining the prior written consent of the Buyer or the relevant Affiliate (as applicable); |
(b) | the Seller shall not, without the prior written consent of the Buyer or the relevant Affiliate of the Buyer (as applicable), in each instance, (i) use in advertising, publicity or otherwise the name of the Buyer or any of its Affiliates, or any partner or employee of the Buyer or any of its Affiliates, nor any trade name, trademark, trade device, service mark, symbol or any abbreviation, contraction or simulation thereof owned by the Buyer or any of its Affiliates, or (ii) represent, directly or indirectly, that any product or any service provided by the Seller or the Company has been approved or endorsed by the Buyer or any of its Affiliates; |
(c) | nothing in this Agreement or any other Transaction Document shall create a fiduciary duty of the Buyer or any of its Affiliates to the Seller or any of its Affiliates; and |
(d) | (i) the Seller will not hold or seek to hold the Buyer or any of its Affiliates responsible or liable for any misstatements in or omissions from any publicly available information concerning the Company, including the Public Information or any information made available to the Seller either prior to entry into this Agreement or prior to Completion; and (ii) the Seller will not hold or seek to hold the Buyer, any of its Affiliates or any of its or their respective control persons, officers, directors or employees responsible or liable in connection with its analysis or decision to sell the Depositary Receipts. |
11. | QUALIFYING FINANCIAL CONTRACT |
In the event that the Seller becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of this Agreement (and any interest and obligation in or under, and any property securing, this Agreement) from the Seller will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Agreement (and any such interest, obligation and property) were governed by the laws of the United States or a state of the United States.
12. | NO SET OFF, DEDUCTION OR COUNTERCLAIM |
The Buyer shall make payment under this Agreement in full free of any set-off, claim, deduction, diminution, reduction or retention (Deduction) of any kind or nature. Without limitation to the foregoing, the Buyer waives and relinquishes any right of Deduction which the Buyer might otherwise have in respect of any Claim against or out of any payments which the Buyer may be obliged to make (or procure to be made) to the Seller pursuant to this Agreement or any of the other Transaction Documents. This Clause shall be without prejudice to Clause 20 which shall apply in respect of any withholding or deduction for or on account of tax.
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13. | CONFIDENTIALITY AND ANNOUNCEMENTS |
13.1 | Each party undertakes that it will keep confidential at all times after the date of this Agreement, and not directly or indirectly reveal, disclose or use for its own or any other purposes, any information received or obtained as a result of entering into or performing, or supplied by or on behalf of the other party in the negotiations leading to, this Agreement and which relates to: |
(a) | the negotiations relating to this Agreement or any other Transaction Document; |
(b) | the subject matter or provisions of this Agreement or any other Transaction Document; or |
(c) | the other party. |
13.2 | The prohibition in Clause 13 does not apply to any disclosure by a party: |
(a) | if the information was in the public domain before it was received by the party or, after it was received by the party, entered the public domain otherwise than as a result of (i) a breach by that party of this Clause 13 or (ii) a breach of a confidentiality obligation by the discloser, where the breach was known to the disclosing party; |
(b) | to its Affiliates and its and their respective employees, officers and directors, current or prospective partners, co-investors, financing sources, transferees or bankers, lenders, accountants, legal counsels, business partners, representatives or advisors who need to know such information as such party deems appropriate, in each case only where such persons or entities are under appropriate non-disclosure obligations; |
(c) | pursuant to any law, regulation, legal process, subpoena, civil investigative demand (or similar process), order, statute, rule, request or other legal or similar requirement made, promulgated or imposed by a court or by a judicial, governmental, regulatory, self-regulatory (including stock exchange) or legislative body, organization, commission, agency or committee or otherwise in connection with any judicial or administrative proceeding (including, in response to oral questions, interrogatories or requests for information or documents) (together with the circumstances specified in Clause 13.2(d), Legal Requirement); |
(d) | as required or requested to be disclosed to any federal, state, provincial, municipal, local or foreign government, governmental authority, regulatory or administrative agency, governmental commission, department, board, bureau, agency or instrumentality, court or tribunal which has jurisdiction in respect of the disclosing party as such party deems appropriate; or |
(e) | where the disclosure is approved in writing by the party providing the information referred to in Clause 13. |
13.3 | Except where required in order to comply with an applicable Legal Requirement, no party will make any press release or other public disclosure or announcement in connection with the transactions contemplated by this Agreement except with the prior written consent of the other party. |
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14. | ASSIGNMENT |
Neither party will be entitled to assign, transfer, charge or deal in any way with the benefit of, or any of its rights under or interest in, this Agreement without the prior written consent of the other party.
15. | ENTIRE AGREEMENT |
15.1 | The Transaction Documents contain the whole agreement between the parties relating to their subject matter to the exclusion of any terms implied by law which may be excluded. All previous drafts, agreements, understandings or arrangements of any nature whatsoever between the parties (or any of them) relating to the subject matter of any of the Transaction Documents are superseded and extinguished. |
15.2 | Each party acknowledges that, in entering into this Agreement and each of the other Transaction Documents, it is not relying on any statement, warranty, representation, covenant, promise or undertaking whatsoever, whether written or oral, made before its entry into this Agreement. |
15.3 | Nothing in this Clause 15 shall exclude any liability for (or remedy in respect of) fraud or fraudulent misrepresentation. |
16. | SEVERABILITY |
If any provision of this Agreement is held to be illegal, invalid or unenforceable, in whole or in part, under any applicable law, such provision will, to that extent, be deemed not to form part of this Agreement but the legality, validity and enforceability of the remainder of this Agreement will not be affected.
17. | VARIATION, RELEASE AND WAIVER |
17.1 | No variation of this Agreement will be effective unless it is in writing and signed by or on behalf of each of the parties. |
17.2 | Any liability to any party under this Agreement may be released, compounded or compromised in whole or in part without in any way prejudicing that party’s rights against any other party under the same or like liability, whether joint and several or otherwise. |
17.3 | Any waiver of any right, power or remedy under this Agreement must be in writing and may be given subject to any conditions thought fit by the grantor. Unless otherwise expressly stated, any such waiver will not be deemed to be a waiver of any subsequent breach and will be effective only for the purpose for which it is given. |
17.4 | No failure of any party to exercise, nor delay in exercising, any right, power or remedy in connection with this Agreement (Right) will operate as a waiver of that Right, nor will any single or partial exercise of any Right preclude any other or further exercise of that Right or the exercise of any other Right. |
18. | CONTRACTS (RIGHTS OF THIRD PARTIES) |
A person who is not a party to this Agreement has no right under the Contracts (Rights of Third parties) Act 1999 to enforce any of its terms.
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19. | COSTS |
19.1 | Except as otherwise stated in this Agreement, each party will be responsible for its own costs, charges and expenses in relation to the negotiation, preparation, execution and implementation of this Agreement, any other Transaction Document and all other agreements forming part of the transactions contemplated by this Agreement. |
19.2 | All stamp, transfer and registration taxes, duties and charges and all (if any) notarial fees payable in connection with the sale of the Depositary Receipts shall be paid by the Buyer. |
20. | WITHHOLDING |
In reliance on the Tax Warranty, all sums payable under this Agreement shall be made in full without any set-off or counterclaim and free and clear of any deductions or withholdings for or on account of tax. It is hereby confirmed by the parties that, in reliance on the Tax Warranty, the Buyer is not withholding any tax under the provisions of Indian tax law on the payment of the Consideration.
21. | NOTICES |
21.1 | Any notice or other communication from one party (Sender) to another party (Recipient) under this Agreement must be in writing and be addressed to the Recipient using the details below (and each party will promptly notify the other in writing of any change to its details for service): |
Seller:
GS Wyvern Holdings Limited
c/o Intercontinental Trust Ltd.
Level 3, Alexander House
35 Cybercity, Ebene, Mauritius
Attention: Mr. Teddy Lo Seen Chong
Email: teddylo@intercontinentaltrust.com
with a required copy (which copy shall not constitute notice) to:
Cleary Gottlieb Steen & Hamilton
LLP
2 London Wall Place
London, EC2Y 5AU
United Kingdom
Attention: Sam Bagot and Nallini Puri
Email: sbagot@cgsh.com; npuri@cgsh.com
Buyer:
Canada Pension Plan Investment Board
One Queen Street East Suite 2500
Toronto, Ontario, M5C 2W5
Canada
Attention: Bill Rogers and Kavita Saha
Email: legalnotice@cppib.com
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with a required copy (which copy shall not constitute notice) to:
Freshfields Bruckhaus Deringer US
LLP
601 Lexington Avenue
New York, NY 10022
Attention: Ethan Klingsberg and Zheng (Jonathan) Zhou
Email: ethan.klingsberg@freshfields.com; zheng.zhou@freshfields.com
21.2 | Notices must be delivered personally, sent by email or sent by a reputable tracked delivery service (charges prepaid) with confirmation of receipt required. |
21.3 | Any notice will be deemed to have been received: |
(a) | if delivered personally, at the time and date of delivery shown on the delivery receipt kept by the Sender; |
(b) | at 9.00 am on the fifth Business Day from the date of posting (such date as evidenced by proof of postage kept by the Sender) or, if earlier, on receipt by the Recipient (where the Sender can evidence such receipt); and |
(c) | if delivered by email, at the time of transmission when e-mailed, provided that receipt shall not occur if the Sender receives an automated message indicating that the message has not been delivered to the Recipient. |
21.4 | If the deemed time of receipt would occur outside the hours of 9.00 am to 5.30 pm on a Business Day, the notice will be deemed received at 9.00 am on the next Business Day. |
21.5 | This Clause 21 does not apply to the service of proceedings or other documents in any judicial proceeding. |
21.6 | Reference in this Clause 21 to times of the day are to those times in the location of receipt. |
22. | COUNTERPARTS |
This Agreement may be entered into in any number of counterparts, and by the parties on separate counterparts, all of which when duly executed and delivered will together constitute one and the same instrument.
23. | GOVERNING LAW AND JURISDICTION |
23.1 | This Agreement and any non-contractual rights and obligations arising out of or in connection with it will be governed by and construed in accordance with English law. |
23.2 | Each of the parties irrevocably: |
(a) | agrees that the English courts will have exclusive jurisdiction to settle any dispute which may arise out of or in connection with this Agreement (including any non-contractual rights and obligations) and the documents to be entered into pursuant to it and, accordingly, that proceedings arising out of or in connection with this Agreement will be brought in such courts; and |
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(b) | submits to the jurisdiction of such courts and waives any objection to proceedings being brought in any such court on the ground of venue or on the ground that the proceedings have been brought in an inconvenient forum. |
24. | PROCESS AGENT |
24.1 | The Seller irrevocably appoints Goldman Sachs International of GS Wyvern Holdings Limited, c/o Goldman Sachs International, Plumtree Court, 25 Shoe Lane, London, EC4A 4AU, Attn: Asset Management Division, as its agent to receive and acknowledge on its behalf service of any proceedings in England and Wales arising out of or in connection with this Agreement and undertakes not to revoke the authority of such agent. Such service will be deemed completed on delivery to that agent (whether or not it is forwarded to and received by its principal). If for any reason such agent ceases to be able to act as agent or no longer has an address in England and Wales, the Seller will, as soon as practicable, appoint a substitute and notify the Buyer in writing of the substitute agent’s name and address in England and Wales. Until any party receives such notification, it will be entitled to treat the agent named above as the agent of the Seller for the purposes of this Clause 24. |
24.2 | The Buyer irrevocably appoints Canada Pension Plan Investment Board of 40 Portman Square, London W1H 6LT, Attn: Bill Rogers and Kavita Saha, with a copy to legalnotice@cppib.com, as its agent to receive and acknowledge on its behalf service of any proceedings in England and Wales arising out of or in connection with this Agreement and undertakes not to revoke the authority of such agent. Such service will be deemed completed on delivery to that agent (whether or not it is forwarded to and received by its principal). If for any reason such agent ceases to be able to act as agent or no longer has an address in England and Wales, the Buyer will, as soon as practicable, appoint a substitute and notify the Seller in writing of the substitute agent’s name and address in England and Wales. Until any party receives such notification, it will be entitled to treat the agent named above as the agent of the Buyer for the purposes of this Clause 24. |
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25. | ASSIGNMENT OF REGISTRATION RIGHTS |
25.1 | Pursuant to Section 8.02(b)(ii) of the Registration Rights, Coordination and Put Option Agreement, dated as of August 23, 2021, by and among Seller, Buyer and the other parties thereto (the Registration Rights Agreement), subject to and effective as at Completion, Seller hereby assign to Buyer its rights, duties and obligations under Articles II through IV of the Registration Rights Agreement (other than the GSW Priority Offering Right, as defined in the Registration Rights Agreement) in respect of the Class A Shares and the Class C Shares underlying the Depositary Receipts that the Seller has agreed to sell and the Purchaser has agreed to purchase pursuant to (i) this Agreement, (ii) the sale and purchase agreement dated February 11, 2022 between the parties in relation to the sale and purchase of 18,000,000 ReNew Class A Depositary Receipts and 3,400,000 ReNew Class C Depositary Receipts and (iii) the sale and purchase agreement dated February 16, 2022 between the parties in relation to the sale and purchase of 9,100,000 ReNew Class C Depositary Receipts (collectively, Assigned Shares). Buyer hereby agrees to such assignment and to be bound by the terms and provisions of the Registration Rights Agreement in respect of the Assigned Shares. Following the Completion, Seller and Buyer shall provide written notice of the assignment contemplated in this Clause 25.1 to the Company and the other parties to the Registration Rights Agreement. Notwithstanding the forgoing, Seller shall retain all rights under and in connection with the Registration Rights Agreement in respect of shares and depositary receipts not referred to in (i), (ii) and (iii) above and/or shares and depositary receipts in which it is interested immediately following Completion. |
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Schedule
1
SELLER’S OBLIGATIONS
1. | Prior to the date that is eight Business Days following the date of this Agreement, the Seller will: |
(a) | courier with a reputable tracked delivery service to CPU at Computershare, 462 South 4th Street, Suite 1600, Louisville, KY 40202, or deliver in person to CPU at Computershare 118 Fernwood Avenue Edison, NJ 08837 the following documents: |
(i) | the original completed depositary receipt transfer forms in the form provided by CPU (Transfer Forms) instructing CPU to transfer the Depositary Receipts to the Buyer; |
(ii) | the original certificates representing the ReNew Class A Depositary Receipts and ReNew Class C Depositary Receipts held by the Seller at the date of this Agreement; and |
(iii) | a certificate of incumbency dated within 180 days of the date of this Agreement showing the person signing the Transfer Forms is authorised to transact on behalf of the Seller; and |
(b) | notify the Company to instruct CPU to carry over to the Buyer the restrictions to which the Depositary Receipts are subject. |
2. | Prior to the date that is seven Business Days following the date of this Agreement, the Seller will deliver to the Buyer: (i) Form 15CB; and (ii) the relevant information required from the Seller for completing Form 15CA under the IT Act. |
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Schedule
2
BUYER’S COMPLETION OBLIGATIONS
On the Completion Date, the Buyer shall pay, or procure payment, to the Seller’s Bank Account of an amount equal to the Consideration.
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Schedule
3
SELLER WARRANTIES
1. | The Seller has been duly incorporated and is validly existing as a corporation under the laws of the place of its incorporation. |
2. | The Seller has the requisite capacity, power and authority and has taken all necessary corporate and other actions to authorise the execution, delivery and performance of this Agreement. |
3. | This Agreement has been duly executed and delivered by the duly authorised representatives of the Seller, and constitutes a legal, valid, binding agreement, enforceable against the Seller in accordance with its terms. |
4. | The execution, delivery and performance of this Agreement by the Seller does not contravene, result in a breach or violation of, or constitute a default under: |
(a) | the constitutional documents of the Seller; |
(b) | any agreement or contract to which the Seller is a party or by which it is bound; or |
(c) | any statute, law, rule, regulation, judgment, order or decree of any court, regulatory body, administrative agency, governmental body, arbitrator or other authority having jurisdiction over the Seller. |
5. | All consents, orders and approvals, if any, of any regulatory or governmental authority or agency having jurisdiction over the Seller or the transactions contemplated by this Agreement required to be obtained for the execution, delivery and performance of this Agreement by the Seller have been obtained and are in full force and effect. |
6. | The Seller is the sole legal and beneficial owner of the Depositary Receipts and has the full right, power and authority to sell and transfer the full legal and beneficial interest in the Depositary Receipts to the Buyer. |
7. | The Depositary Receipts are free from any Encumbrances and no person will be entitled to any Encumbrance in relation to any of the Depositary Receipts, subject in each case, to securities law, the terms of the Deposit Agreement and the Registration Rights Agreement. The Seller has not granted to any person an Encumbrance in relation to any of the Class A Shares or the Class C Shares. |
8. | The Depositary Receipts have not been offered for sale by any form of “general solicitation” or “general advertising” (within the meaning of Regulation D under the Securities Act) or by any form of “directed selling efforts” (within the meaning of Regulation S under the Securities Act) and the Seller’s sale of such Depositary Receipts is not part of a plan or scheme to evade the registration requirements of the Securities Act. |
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9. | The Seller acknowledges that (a) the A Depositary Receipts are receipts in respect of Class A Shares which are of the same class as securities admitted to listing on Nasdaq (the Exchange) and that the Company is therefore required to publish certain business and financial information in accordance with the rules and practices of the Exchange and the laws of the United States (together with the information on its website and its press releases and announcements, the Public Information), and that the Seller has had access to such information without undue difficulty and has made such investigation with respect to the Company and the Depositary Receipts, as it deems necessary to make its divestment decision; (b) the Seller has made its own assessment and has satisfied itself concerning the tax, legal, regulatory and financial considerations relevant to its divestment of the Depositary Receipts; (c) the Seller has had a full opportunity to ask questions of and receive answers from the Buyer or any person or persons acting on behalf of the Buyer concerning the terms and conditions of a divestment of the Depositary Receipts; (d) the Seller has made its divestment decision based upon Public Information and its own review, judgment and analysis and not upon any view expressed or information provided by or on behalf of the Buyer or any of its Affiliates, (e) the Seller has adequate information concerning the business and financial condition of the Company to make an informed decision regarding the sale of the Depositary Receipts to the Buyer; (f) the Seller has not relied and will not rely on the Buyer, any of its Affiliates, or any of its control persons, officers, directors or employees in connection with its analysis or decision to sell the Depositary Receipts (including on any statement, representation or warranty made by any such person except for, in respect of the Buyer, the warranties given by the Buyer expressly set forth in Schedule 4 of this Agreement (and, with respect to such warranties, subject to any limitations included in this Agreement)), or on any investigation that the Buyer or any of its Affiliates, may have conducted with respect to the Company or the Depositary Receipts, (g) except for the warranties given by the Buyer expressly set forth in Schedule 4 of this Agreement (and, with respect to such warranties, subject to any limitations included in this Agreement), none of the Buyer, any of its Affiliates, or any of its control persons, officers, directors or employees, has made any representation, warranty or recommendation (written or oral), express or implied, with respect to the Company or the Depositary Receipts or the accuracy, adequacy or completeness of any publicly available information, including (without limitation) the Public Information, and neither the Buyer nor any of its Affiliates, accepts or has any responsibility or liability for any of such information; and (h) neither the Buyer nor any of its Affiliates have ultimate authority over any such information, including without limitation any control over its content or whether or how it was or is communicated. |
10. | The Seller acknowledges that it and its Affiliates are subject to applicable anti-bribery and anti-corruption laws, rules, and regulations, including, without limitation, the U.S. Foreign Corrupt Practices Act, as amended, the United Kingdom Bribery Act, as amended (collectively, the Anti-Bribery Laws) and applicable anti-money laundering laws, rules, and regulations, including, without limitation, all applicable jurisdiction and U.S. anti-money laundering laws, the rule and regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental or regulatory agency (collectively, the Money Laundering Laws) and, consistent with these applicable laws, has established and maintains adequate policies, procedures and internal controls reasonably designed to ensure compliance with applicable Anti-Bribery Laws and Anti-Money Laundering Laws. |
11. | Neither the Seller nor, to the knowledge of the Seller, any director, officer, agent or employee of the Seller is, (a) a person currently the subject of any Sanctions, or (b) located, organised or resident in the so-called Donetsk People’s Republic, the so-called Luhansk People’s Republic, Crimea, Cuba, Iran, North Korea or Syria (each being a country or territory that is the subject of Sanctions). |
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12. | No litigation, arbitration or administrative proceedings before any court, arbitration tribunal or competent authority are current or pending or threatened against the Seller which, if adversely determined, might materially affect the execution and performance of the Seller’s obligations under this Agreement. |
13. | No person is entitled to any brokerage, finder’s, financial adviser or other similar fee or commission in connection with the transactions contemplated by this Agreement on behalf of the Seller, except to the extent that such fees or commissions are payable by the Seller. |
14. | The Seller has not received any notice in connection with any proceedings or demands which may be pending or, to the knowledge of the Seller, threatened against the Seller under the IT Act that will result in, or would reasonably be expected to result in, the transfer of Depositary Receipts pursuant to this Agreement being adversely impacted or declared void as per Section 281 of the IT Act. |
15. | In terms of the Indian Income Tax Act, 1961 (IT Act), the cost of acquisition of the Depositary Receipts is higher than the Consideration and no tax arises on the Seller under the IT Act and consequently no obligation to withhold tax by the Buyer on the sale of the Depositary Receipts under this Agreement. |
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Schedule
4
BUYER WARRANTIES
1. | The Buyer has been duly incorporated and is validly existing as a corporation under the laws of the place of its incorporation. |
2. | The Buyer has the requisite capacity, power and authority and has taken all necessary corporate and other actions to authorise the execution, delivery and performance of this Agreement. |
3. | This Agreement has been duly executed and delivered by the duly authorised representatives of the Buyer, and constitutes a legal, valid, binding agreement, enforceable against the Buyer in accordance with its terms. |
4. | The execution, delivery and performance of this Agreement by the Buyer does not contravene, result in a breach or violation of, or constitute a default under: |
(a) | the constitutional documents of the Buyer; |
(b) | any agreement or contract to which the Buyer is a party or by which it is bound; or |
(c) | any statute, law, rule, regulation, judgment, order or decree of any court, regulatory body, administrative agency, governmental body, arbitrator or other authority having jurisdiction over the Buyer or to which the Buyer submits. |
5. | All consents, orders and approvals, if any, of any regulatory or governmental authority or agency having jurisdiction over the Buyer or the transactions contemplated by this Agreement required to be obtained for the execution, delivery and performance of this Agreement by the Buyer have been obtained and are in full force and effect. |
6. | No person is entitled to any brokerage, finder’s, financial adviser or other similar fee or commission in connection with the transactions contemplated by this Agreement on behalf of the Buyer, except to the extent that such fees or commissions are payable by the Buyer. |
7. | The Buyer is either (a) not a U.S. person and is not resident or physically present in the United States (as such terms are defined in Regulation S under the Securities Act) or (b) a QIB and an “Institutional Account” as defined in FINRA Rule 4512(c). Further, if the Buyer is acquiring the Depositary Receipts as a fiduciary or agent for one or more investor accounts, each such account is either (a) not a U.S. person and is not resident or physically present in the United States or (b) a QIB and an “Institutional Account” as defined in FINRA Rule 4512(c), the Buyer has investment discretion with respect to each such account and has the power and authority to make (and do make) the representations, warranties, agreements, undertakings, confirmations and acknowledgments herein on behalf of each such account, including without limitation purchasing the Depositary Receipts. |
8. | The Depositary Receipts will be acquired for the Buyer’s own account (or the account of a non-U.S. person or a QIB as to which the Buyer has full investment discretion) for investment purposes, not as a nominee or agent (other than for a non-U.S. person or a QIB as to which the Buyer has full investment discretion), and (subject to the disposition of the Buyer’s property being at all times within the Buyer’s control) not with a view to or in connection with the sale or distribution of any part thereof, and the Buyer has no present intention of selling, granting any participation in, or otherwise distributing the same. |
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9. | (a) The Buyer is an institution which has such knowledge and experience in financial and business matters and in buying equity securities such that the Buyer is capable of evaluating the merits and risks of its investment in the Depositary Receipts; (b) the Buyer and any accounts for which it is acting are each able to bear the economic risk of such investment, and are able to sustain a complete loss of its investment in the Depositary Receipts; and (c) the Buyer acknowledges (for itself and for any account for which it is acting) that neither the Seller nor any of its Affiliates is making any recommendations to the Buyer or advising the Buyer regarding the suitability of buying the Depositary Receipts. |
10. | The Buyer acknowledges (for itself and for and any account for which it is acting) that the Depositary Receipts, any securities issued in respect of or exchanged for the Depositary Receipts and any securities which such Depositary Receipts represent, will be notated with the following legends: |
(a) | “THE SECURITIES IDENTIFIED HEREIN HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THESE SECURITIES NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFER SET FORTH IN THAT CERTAIN SHAREHOLDERS’ AGREEMENT OF RENEW ENERGY GLOBAL PLC, DATED AS OF AUGUST 23, 2021, A COPY OF WHICH MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.” |
(b) | Any legend required by the securities laws of any state to the extent such laws are applicable to the Depositary Receipts represented by the certificate, instrument, or book entry so legended. |
11. | The Buyer acknowledges (for itself and for and any account for which it is acting) that: (a) there will be no public offering of the Depositary Receipts in the United States; (b) the Depositary Receipts are being offered to the Buyer pursuant to an exemption from or in a transaction not subject to registration under the Securities Act and that the Depositary Receipts have not been and will not be registered under the Securities Act or with any state or other jurisdiction of the United States; and (c) any Depositary Receipts which the Buyer acquires from the Seller in the United States are “restricted securities” as defined in Rule 144(a)(3) under the Securities Act. |
12. | The Buyer will: (a) segregate such Depositary Receipts from any other securities that the Buyer holds that are not restricted securities, (b) will not deposit the Depositary Receipts in an unrestricted depositary receipt facility, and (c) will only transfer the Depositary Receipts in accordance with paragraph 13 below. The Buyer acknowledges (for itself and for and any account for which it is acting) that no representation has been made as to the availability of any exemption under the Securities Act for the offer, resale, pledge or transfer of the Depositary Receipts. |
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13. | The Buyer acknowledges (for itself and for and any account for which it is acting) that: (a) it cannot rely on Rule 144A under the Securities Act to reoffer, resell, pledge or otherwise transfer the Depositary Receipts, and (b) so long as the Depositary Receipts are “restricted securities,” the Depositary Receipts may not be reoffered, resold, pledged or otherwise transferred except: (i) to the Company; (ii) outside the United States in an offshore transaction in accordance with Rule 903 or 904 of Regulation S under the Securities Act; (iii) inside the United States to a person whom the Buyer reasonably believes is a QIB that is purchasing such Depositary Receipts for its own account or for the account of a QIB (it being understood that all offers or solicitations in connection with such a transfer must be limited to QIBs and must not involve any general solicitation or general advertising); (iv) pursuant to Rule 144 under the Securities Act (if available); (v) pursuant to another available exemption, if any, from registration under the Securities Act; or (vi) pursuant to an effective registration statement under the Securities Act, and that, in each case, such offer, sale, pledge or transfer must be made in accordance with all applicable securities laws of each state of the United States and the securities laws of any other relevant jurisdiction, as then in effect. |
14. | The Depositary Receipts have not been offered to it by any form of “general solicitation” or “general advertising” (within the meaning of Regulation D under the Securities Act) or by any form of “directed selling efforts” (within the meaning of Regulation S under the Securities Act) and the Buyer’s purchase of such Depositary Receipts is not part of a plan or scheme of the Buyer to evade the registration requirements of the Securities Act. |
15. | The Buyer acknowledges (for itself and for and any account for which it is acting) that: (a) no offering or disclosure documents or information have been or will be prepared by the Seller or any of its Affiliates, or any other person, in connection with the sale of the Depositary Receipts; and (b) the Depositary Receipts are only being sold to the Buyer on an exceptional and limited basis on the basis that the Buyer is an experienced and sophisticated institutional QIB. The Buyer accepts the increased potential risks inherent in investing in the Depositary Receipts, due to the speed to market, no disclosure or offering document being prepared for the transaction and no access to the Company. |
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16. | The Buyer acknowledges that (a) the A Depositary Receipts are receipts in respect of Class A Shares which are of the same class as securities admitted to listing on the Exchange and that the Company is therefore required to publish the Public Information, and that the Buyer has had access to such information without undue difficulty and has made such investigation with respect to the Company and the Depositary Receipts, as it deems necessary to make its investment decision; (b) the Buyer has made its own assessment and has satisfied itself concerning the tax, legal, regulatory and financial considerations relevant to its investment in the Depositary Receipts; (c) the Buyer has had a full opportunity to ask questions of and receive answers from the Seller or any person or persons acting on behalf of the Seller concerning the terms and conditions of an investment in the Depositary Receipts; (d) the Buyer has made its investment decision based upon Public Information and its own review, judgment and analysis and not upon any view expressed or information provided by or on behalf of the Seller or any of its Affiliates; (e) the Buyer has adequate information concerning the business and financial condition of the Company to make an informed decision regarding the purchase of the Depositary Receipts from the Seller; (f) the Buyer has not relied and will not rely on the Seller, any of its Affiliates, or any of its control persons, officers, directors or employees in connection with its analysis or decision to purchase Depositary Receipts (including on any statement, representation or warranty made by any such person, except for, in respect of the Seller, the warranties given by the Seller expressly set forth in Schedule 3 of this Agreement (and, with respect to such warranties, subject to any limitations included in this Agreement)), or on any investigation that the Seller or any of its Affiliates, may have conducted with respect to the Company or the Depositary Receipts, (g) except for the warranties given by the Seller expressly set forth in Schedule 3 of this Agreement (and, with respect to such warranties, subject to any limitations included in this Agreement), none of the Seller, any of its Affiliates, or any of its control persons, officers, directors or employees, has made any representation, warranty or recommendation (written or oral), express or implied, with respect to the Company or the Depositary Receipts or the accuracy, adequacy or completeness of any publicly available information, including (without limitation) the Public Information, and neither the Seller nor any of its Affiliates, accepts or has any responsibility or liability for any of such information; and (h) neither the Seller nor any of its Affiliates have ultimate authority over any such information, including without limitation any control over its content or whether or how it was or is communicated. |
17. | The Buyer acknowledges that it and its Affiliates are subject to applicable Anti-Bribery Laws and applicable Money Laundering Laws and, consistent with these applicable laws, has established and maintains adequate policies, procedures and internal controls reasonably designed to ensure compliance with applicable Anti-Bribery Laws and Anti-Money Laundering Laws. |
18. | Neither the Buyer nor, to the knowledge of the Buyer, any director, officer, agent or employee of the Buyer is, (a) a person currently the subject of any Sanctions, or (b) located, organised or resident in the so-called Donetsk People’s Republic, the so-called Luhansk People’s Republic, Crimea, Cuba, Iran, North Korea or Syria (each being a country or territory that is the subject of Sanctions). |
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This Agreement is executed by each of the parties on the date first stated above
SIGNATORIES
SIGNED by Teddy Lo Seen Chong, | /s/ Teddy Lo Seen Chong |
duly authorised for and on behalf of GS WYVERN HOLDINGS LIMITED |
(sign here)
|
Director |
[Signature Page to Agreement for the Sale and Purchase of Depositary Receipts]
SIGNED by Bruce Hogg and Bill Rogers, | /s/ Bruce Hogg |
duly authorised for and on behalf of |
(sign here)
|
Authorised Signatory | |
/s/ Bill Rogers | |
(sign here) | |
Authorised Signatory |
[Signature Page to Agreement for the Sale and Purchase of Depositary Receipts]