contain the information set out in subparagraph (b); and
include a statement to the effect that the notice convening a special meeting accompanied by an explanatory statement setting out the details specified in the Schedule would be issued to the shareholders in due course.
The company shall -
following the Board resolution, pass a special resolution at the special meeting to approve the purchase of its own shares;
after consultation with the Commission and the SEM, issue a press communiqué to inform the public of -
the date on which the purchase operation shall commence;
the price at which it is proposing to purchase the shares, which shall not exceed 5 percent of the average market value of those shares for the last 10 business days.
The company shall, within 24 hours after each session during which it purchases its shares, furnish information related to the said purchase to the Commission and the SEM;
On completion of the purchase operation, the company shall forthwith cause a press communiqué to be published specifying –
the outcome of the purchase, including the costs involved in financing the purchase of the shares;
the consequential changes on the shareholding structure, the earnings per share, the net asset value per share, the tangible net asset value per share and the debt to equity ratio before and after the purchase;
Subject to subparagraph (i), where the shares purchased are held as Treasury shares and are re-issued, the company shall disclose to, the Commission and the SEM all information relating to the price, the number of shares and the names of the persons to whom the shares have been allotted;
Prior to the re-issue of the shares, the company shall hold a special meeting to approve the amount and the price at which the Treasury shares shall be issued, and shall cause a press communiqué to that effect to be published;