# Decision No 1219/2011/EU of the European Parliament and of the Council of 16 November 2011 concerning the subscription by the European Union to additional shares in the capital of the European Bank for Reconstruction and Development (EBRD) as a result of the decision to increase this capital, Division (g)

Extent: E+W+S+N.I.

Upon the decision to redeem a specified number of callable shares becoming operative in accordance with paragraph 3(e) or 3(f) above, all members who have subscribed to the callable shares authorised by this Resolution shall surrender to the Bank part or all of their shares pro rata to their respective holdings of such shares and such redeemed callable shares shall be cancelled automatically and as of the date of the redemption, with the authorised capital of the Bank being reduced correspondingly without the need for a further resolution of the Board of Governors.

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Source: https://www.legislation.gov.uk/eudn/2011/1219/annex/division/1/division/3/division/g (the official version)
Page: https://openlegislation.uk/eu-decision-2011-1219/annex/division-1/division-3/division-g
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.