Transaction in Own Shares • Sep 5, 2025
Transaction in Own Shares
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IT WAS RESOLVED TO authorise the Company, generally and unconditionally, for the purposes of The Companies (Guernsey) Law, 2008 (as amended) (the "Companies Law"), to make market acquisitions (as defined in the Companies Law) of any of its shares in the capital of the Company on such terms and in such manner as the Directors may from time to time determine provided that:
To authorise pursuant to section 314(2) of The Companies (Guernsey) Law 2008 (as amended) (the "Companies Law") the terms of a contract included in the Articles of Incorporation of the Company as prescribed by the CFC Buy Back Arrangement (as defined in the circular dated 20 April 2017 and published by the Company (the "2017 Circular") included therein for the Company to make acquisitions other than under a market acquisition (as defined in the Companies Law) of ordinary shares in the capital of the Company in pursuance of the terms of that contract provided that:
a. the price that may be paid for each ordinary share is an amount equal to the CFC Buy Back Arrangement Price (as defined in the 2017 Circular); and
unless previously renewed, revoked or varied, this authority shall expire at the conclusion of the 2026 Annual General Meeting of the Company or on 30 September 2026, whichever is the earlier.
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