EURX » Topics » Repurchase of Our Ordinary Shares

This excerpt taken from the EURX 6-K filed May 14, 2008.
Repurchase of Our Ordinary Shares
 
Our articles of association provide that we will be able to acquire our ordinary shares, subject to certain provisions of the law of The Netherlands, if the following conditions are met:
 
  •  a general meeting of shareholders has authorized our board of directors to acquire the ordinary shares, which authorization may be valid for no more than 18 months and shall stipulate the number of shares that may be acquired and the upper and lower limit of the price of acquisition;
 
  •  our equity, after deduction of the price of acquisition, is not less than the sum of the paid-in and called-up portion of the share capital and the reserves that the laws of The Netherlands or our articles of association require us to maintain; and
 
  •  we would not hold after such purchase, or hold as pledgee, ordinary shares with an aggregate par value exceeding one-tenth of our issued share capital.
 
In the Annual General Meeting of Shareholders held on May 15, 2007, it was decided to authorize our Board of Directors for a period of eighteen (18) months from the date of the meeting (until November 15, 2008) to acquire as many shares in our capital as is permitted by the law and the our articles of association, whether through the stock exchange or by other means, for a price that is between an amount equal to zero and an amount which is not higher


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than 10% above the average opening price of our shares quoted on the NASDAQ Global Market on the five days immediately preceding the acquisition or, should such a quotation not exist, the average opening price of our shares quoted on the NASDAQ Global Market on the five days immediately preceding the last previous quotation on the NASDAQ Global Market.
 
This excerpt taken from the EURX 20-F filed Mar 31, 2008.
Repurchase of Our Ordinary Shares
 
Our articles of association provide that we will be able to acquire our ordinary shares, subject to certain provisions of the law of The Netherlands, if the following conditions are met:
 
  •  a general meeting of shareholders has authorized our board of directors to acquire the ordinary shares, which authorization may be valid for no more than 18 months and shall stipulate the number of shares that may be acquired and the upper and lower limit of the price of acquisition;
 
  •  our equity, after deduction of the price of acquisition, is not less than the sum of the paid-in and called-up portion of the share capital and the reserves that the laws of The Netherlands or our articles of association require us to maintain; and
 
  •  we would not hold after such purchase, or hold as pledgee, ordinary shares with an aggregate par value exceeding one-tenth of our issued share capital.
 
In the Annual General Meeting of Shareholders held on May 15, 2007, it was decided to authorize our Board of Directors for a period of eighteen (18) months from the date of the meeting (until November 15, 2008) to acquire as many shares in our capital as is permitted by the law and the our articles of association, whether through the stock exchange or by other means, for a price that is between an amount equal to zero and an amount which is not higher


94


Table of Contents

than 10% above the average opening price of our shares quoted on the NASDAQ Global Market on the five days immediately preceding the acquisition or, should such a quotation not exist, the average opening price of our shares quoted on the NASDAQ Global Market on the five days immediately preceding the last previous quotation on the NASDAQ Global Market.
 

EXCERPTS ON THIS PAGE:

6-K
May 14, 2008
20-F
Mar 31, 2008
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