Witted - Next-generation software development company

Hello Tryffelisika :slight_smile:

The acquisition of a public limited company’s (PLC) own shares is strictly regulated and permitted only on certain grounds.

If the company states that it will use the shares for incentive schemes or corporate acquisitions, then it is assumed that they will indeed be used for those purposes. If it is stated that they are intended to be cancelled, then there is also an obligation to cancel them. Developing the capital structure leaves open the possibility of cancelling shares, but does not bind companies to it, which creates a bit more leeway in the use of acquired shares. It is possible that Witted decides to cancel the shares it holds, but in itself, nothing obliges us to act in that way at the upcoming general meeting. Nothing more to it.

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