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ORBK » Topics » (iv) Contractual obligations

This excerpt taken from the ORBK 20-F filed Mar 29, 2007.

(iv)    Contractual obligations

 

In order to satisfy its equity award-related contractual obligations upon the exercise of options, the Company generally issues new Ordinary Shares out of the authorized (registered) share capital of the Company. The Company has not in the past repurchased, nor does it expect to repurchase during 2007, Ordinary Shares to satisfy such contractual obligations.

 

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