Buyback on delisting
The company's duty to repurchase shares from holders who voted against removing the security from the exchange, or did not vote at all.
How to read the number
The only organised exit before the share stops trading: afterwards, transactions are possible only off-exchange and by private agreement.
When the metric lies
The total volume of such a buyback is capped as a share of net assets, so heavy take-up means partial execution and an illiquid remainder.
Also known as: delisting buyback