CmaBylaw
Executive Bylaws
14-15 Of Module Eleven: Dealing in Securities
Section: Chapter Fourteen: Treasury Shares
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Tuesday, 14 February 2017
The company shall disclose the following information, in particular, in the notes of the financial statements: 1. Number of Shares purchased. 2. Cost of purchase. 3. Ratio of Treasury Shares to the total Shares issued. 4. Weighted average of the market value of share at the date of preparing the financial statements. The company shall disclose that a part of reserves, carried over profits and share premium (if any), which equals the cost of Treasury Shares purchased, shall be frozen and shall be deemed un-distributable during the period of owning such Shares.
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