Examples of Buyback Authority in a sentence
The Board, having considered all aspects of the Proposed Renewal of Share Buy-back Authority and in particular, the rationale thereof as set out in section 2.1 above, is of the opinion that the Proposed Renewal of Share Buy-back Authority is in the best interest of the Company.
Accordingly, the Board recommends that shareholders vote in favour of the ordinary resolution pertaining to the Proposed Renewal of Share Buy-back Authority to be tabled at the forthcoming AGM.
The Board is proposing to seek renewal of the Share Buyback Authority to purchase up to 14.99 per cent.
All Voting Ordinary Shares acquired by the Company under the Buyback Authority will be funded from the Company’s existing cash resources.
No agreement, arrangement or understanding currently exists whereby beneficial ownership of any Ordinary Shares acquired by the Company pursuant to the Share Buyback Authority (if passed) will be transferred to any other person.
Assuming that the Proposed Renewal of Share Buy-back Authority is carried out in full and the shares so purchased were all cancelled, the public shareholding of the Company will be 17.86%.
As an AIM‑listed company, Retroscreen Virology Group plc is not required to comply in full with the Code.
The Proposed Renewal of Share Buy-back Authority is not conditional or inter-conditional upon any other corporate exercise being or proposed to be undertaken by the Company.
Accordingly, the Board of Directors recommends that you vote in favour of the resolution relating to the Proposed Renewal of Share Buy-back Authority to be tabled at the forthcoming AGM.
The Board is seeking approval from Shareholders for the Company to hold in treasury any Ordinary Shares repurchased pursuant to the Share Buyback Authority, provided that the aggregate number of Ordinary Shares held in treasury does not exceed 10 per cent.