Authority to Issue Redeemable Shares

The resolution typically outlines the terms under which the shares can be issued, including the conditions for redemption and the maximum number of shares that can be issued. It ensures that the shareholders are in agreement with the management's strategy to use redeemable shares as a financial instrument, which can be used to manage capital more flexibly.

Such resolutions are often required to comply with corporate governance standards and legal requirements. They provide a clear framework that ensures transparency and alignment between the company's strategic financial decisions and the shareholders' interests.