Plandai Biotechnology Inc (PLPL)

[jufel]

"When a public company wants to buy back its shares, it must follow certain procedures. The company must first obtain approval from its board of directors to repurchase shares. The company must then file a Schedule 13D or 13G with the Securities and Exchange Commission (SEC) if it intends to purchase more than 5% of its outstanding shares.

The company can then buy back its shares on the open market or through a tender offer. If the company buys back shares on the open market, it must comply with SEC rules regarding insider trading and market manipulation ².

After the buyback is complete, the company must report the transaction to the SEC on Form 4."

(1) SEC Proposes New Share Repurchase Disclosure Rules. https://www.sec.gov/news/press-release/2021-257.
(2) What Is A Stock Buyback? – Forbes Advisor. https://www.forbes.com/advisor/investing/stock-buyback/.
(3) What Happens When a Company Buys Back Shares? - Investopedia. https://www.investopedia.com/ask/answers/05/retiredstock.asp.