Repurchase Shares. In accordance with the terms and subject to the conditions of this Agreement, following the Second Effective Time, Parent hereby agrees to purchase from the Holder, and the Holder hereby agrees to sell to Parent (the “Repurchase”), the number of shares of Class A Common Stock (such shares, the “Repurchase Shares”) equal to: (x) the Aggregate Repurchase Price (defined below) divided by (y) $10.00, and rounded down to the nearest whole number of shares, as applicable.
Repurchase Shares. You are hereby authorized to register in the name of the Company 640,000 shares of Common Stock, representing the aggregate Repurchase Shares of the Selling Stockholders, and treat such shares as treasury shares.
Repurchase Shares. On March 19, 2020, at the Board of Directors’ Meeting of the Company No. 4/2020, it had a resolution to approve the shares repurchase program of the Company within a maximum limit of Baht 330 million. The period of repurchasing shares was 6 months from April 20, 2020 to October 19, 2020. The Company did not repurchase the shares within such period. Therefore, the Company announced the end of shares repurchase for financial management on October 20, 2020.
Repurchase Shares. Shares To Be Selling Securityholder Shares Owned Repurchased ---------------------- ------------ ----------- Xxxxx Xxxxxxx 259,469 218,000 c/x Xxxxxxxx Scotsman, Inc. 0000 Xxxx Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxxx Xxxxxxxx 12,700 -0- c/x Xxxxxxxx Scotsman, Inc. 0000 Xxxx Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxxxx Xxxxx 1,500 -0- c/x Xxxxxxxx Scotsman, Inc. 0000 Xxxx Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxx Xxxxxxx 1,200 -0- c/x Xxxxxxxx Scotsman, Inc. 0000 Xxxx Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxxx Xxxxx 500 -0- c/x Xxxxxxxx Scotsman, Inc. 0000 Xxxx Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxx XxXxxx 1,000 -0- c/x Xxxxxxxx Scotsman, Inc. 0000 Xxxx Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxx Xxxx 500 -0- c/x Xxxxxxxx Scotsman, Inc. 0000 Xxxx Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 Xxxxxx Xxxxxx 2,050 -0- c/x Xxxxxxxx Scotsman, Inc. 0000 Xxxx Xxxxxx Xxxxx Xxxxxxxxx, XX 00000 SCHEDULE II
Repurchase Shares. (a) Pursuant to Section 1.3(a) of the Purchase Agreement, Buyer shall have the right at any time prior to the Escrow Termination Date to repurchase all the Repurchase Shares, plus any Indemnity Shares which are held by the Escrow Agent and remain undistributed pursuant to Section 4 above, for a cash price per share equal to the Closing Share Price plus interest at an interest rate of 10% per annum.
Repurchase Shares. The Company will retire the Repurchase Shares it acquires in connection with the Offering.
Repurchase Shares. The Company agrees not to repurchase 33,382 shares of Common Stock from Employee which the Company is currently eligible to repurchase at cost ("Repurchase Shares"), and agrees that such repurchase right will lapse no later than January 1, 2001, or at the Company's option, the Company will pay or distribute to Employee a mutually agreeable financial instrument or cash with an equivalent after tax value.
Repurchase Shares. The total number of Repurchase Shares shall be equal to 351,562 minus 25% of the number of Option Units purchased by the Underwriters pursuant to its Over-Allotment Option, or: Repurchase Shares = 351,562 - (Option Units purchased x 25%) The portion of the total number of Repurchase Shares each Initial Stockholder shall be obligated to sell to the Company upon exercise of its Dividend Share Repurchase Right shall be proportionate to their respective ownership percentage of Dividend Shares. All calculations resulting in fractional shares shall be rounded up to the next whole share.
Repurchase Shares. On March 10, 2021, at the Board of Directors’ Meeting of the Company No. 3/2021, it had a resolution to approve the shares repurchase program of the Company within a maximum limit of Baht 500 million and the number of shares to be repurchased is not more than 70 million shares or not more than 3.50% of the paid-up shares. The period of repurchasing shares was 6 months from April 26, 2021 to October 25, 2021. For the six-month period ended June 30, 2021, the Company repurchased 1.60 million treasury shares, with an average cost of Baht 9.74 per share, totaling Baht 15.63 million. The Company was able to hold treasury shares within 3 years. The Company has appropriated retained earnings to reserve for treasury shares in the amount of Baht 15.63 million. This reserve will not be paid as dividends until the treasury shares are sold or reduced paid-up capital by write off the remaining shares that can not be sold within the period of not over than 3 years, whichever is the case.
Repurchase Shares. Each Repurchase Share shall be subject to the Repurchase Option in favor of 724 Solutions set forth in the Shareholders' Stock Option Agreement issued under the Ezlogin Stock Option Plan, as if all such Repurchase Option was set forth in full in the body of this Agreement. The Repurchase Price for the Repurchase Shares shall be adjusted by the Exchange Ratio.
