Redemption out of Profits Board Resolutions

This document outlines the procedures and legal framework under which the redemption is to occur, detailing how these actions align with the company’s articles of association and relevant statutory provisions. It serves as a record of the decision-making process by the board, ensuring transparency and accountability to shareholders and regulatory bodies.

Additionally, the board resolutions typically include specifics about the number of shares to be redeemed, the redemption price, and the impact on the company’s capital structure. By documenting these details, the company safeguards itself legally and provides all stakeholders with a clear understanding of how the redemption affects the company's financial health and shareholder equity.