12,691,247
treasury shares (equal to 0.35% of the share capital) for an aggregate amount of 179,459,400.69 euro.
In the event of purchased
treasury shares being issued, the issuing company will disclose the extent of the stock options without delay pursuant to 6(1) of the Austrian Publication Ordinance.
Following this transfer, Afarak Group holds a total of 2,494
treasury shares.
In August 2015, the Senate Standing Committee on Finance approved amendments to section 95-A of the Companies Ordinance 1984, which sought to allow listed companies to purchase their own shares and hold them as
treasury shares.
287 of 2016 Promulgating the Executive Regulation of Law No.1 of 2016 Promulgating the Companies Law ('Companies Law'), the Kuwaiti legislator has defined
treasury shares as: "the shares acquired and resold by the company and used on its issued shares traded in the stock exchange within the limit of the decreed percentage".
It also includes restrictions, rights and privileges of the
treasury shares, limitation on
treasury shares, compliance with the applicable international financial reporting standards relating to the
treasury shares, disposal of
treasury shares and maintaining record thereof.
All in all, the
treasury shares account for 1.36 percent of the Bank's registered capital.
Aboitiz Equity Ventures earlier raised P594 million by selling an initial tranche of
treasury shares back to the open market in September 2014.
EFG Executive Chairman Karim Awad said: "The objective of acquiring the
treasury shares is to maximise the capital returns as well as shareholder profits.
Following this transfer Vodafone holds 4,381,155,556 of its ordinary shares in treasury and has 49,433,972,693 ordinary shares in issue, excluding
treasury shares.
After the cancellation of the 15m
treasury shares, United Internet will still hold 9m
treasury shares, which correspond to 4% of the reduced equity capital of EUR 225m.
1,336,369 shares, at a weighted average price per share equal to 13.288003 euro, for a total consideration of 17,757,675.31 euro within the authorization to purchase
treasury shares approved at Eni's Ordinary General Meeting of shareholders on 14 May 2019, previously subject to disclosure pursuant to art.
