Therefore, making the purchase with EGP 1bn requires keeping the first batch of the treasury shares
from exceeding 10%.
Also, after cancellation the company does not hold any treasury shares
7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Amendments ('Executive Bylaws'), which define treasury shares
as a company's shares which the issuing company re-purchases or buys back or otherwise makes use of.
The total number of shares outstanding in Swedish Match, including any treasury shares
held by Swedish Match, on May 31, 2011 amounted to 213,000,000 equivalent to the same amount of votes.
Following this directed share issue, the number of series A treasury shares
in the company is now 323,318.
Oxley Holdings Executive Chairman and CEO Ching Chiat Kwong, said, This placement of our treasury shares
attracted a good mixture of prominent investors from institutional funds, corporate and individual investors, which demonstrates the strong confidence investors have in our long-term prospects.
Chapter 11 provides specific instances in which a company may transact with its Treasury Shares
, including, without limitation, in the following circumstances: (i) in the event the company desires to reduce its share capital; (ii) in event the company wishes to pay an existing debt obligation; (iii) in the event of a distribution of the Treasury Shares
in connection with an employee share option plan; or (iv) in any other event or circumstance determined by the CMA.
is unloading some of its treasury shares
to raise at least P250 million in fresh funds for the upgrading and expansion this year of its equipment and terminals.
Following this transfer Vodafone holds 4,134,504,333 of its ordinary shares in treasury and has 49,680,502,956 ordinary shares in issue, excluding treasury shares
BU) had sold 1,585,559 of its treasury shares
to European Bank for Reconstruction and Development (EBRD) on the over-the-counter market under its agreement on July 9, with OTP Bank as investment service provider, OTP said.
The acquisition of Sorin treasury shares
will be used in order to service the Group's Stock Grant Plan, which includes the management of the Company, as well as the Chairman and Chief Executive Officer (the "Plan").
Finnish telecommunications company Elisa Oyj (HEL:ELISA) reported on Thursday that 6,894 shares have been transferred from common account to Elisa's treasury shares