Company: NKLR
Filing Date: 2025-12-09
Form Type: S-1/A
Source: 0001213900-25-119411
Chunk: 157

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-09
Form: S-1/A
Chunk 157
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 paid-up and called-up share capital and any reserves to be maintained by Dutch law or the Terra Articles of Association, (ii) Terra and its subsidiaries would not thereafter hold shares or hold shares as pledgee with an aggregate nominal value exceeding 50% of Terra’s then current issued and outstanding share capital, and (iii) the Terra board of directors has been designated to do so by the Terra general meeting. Any acquisition by Terra of shares in the capital of Terra that are not fully paid-up shall be null and void. The authorization to the Terra board of directors to acquire Terra shares in Terra is valid for a maximum of 18 months. As part of the authorization, the general meeting of Terra must specify the number of Terra shares that may be repurchased, the manner in which the Terra shares may be acquired and the price range within which the Terra shares may be acquired. The designation of the Terra board of directors is not required if Terra acquires fully paid-up Terra Ordinary Shares for the purpose of transferring these to employees of Terra or its subsidiaries under any applicable equity compensation plan, provided that those shares are quoted on an official list of a stock exchange. In addition, Terra nor its subsidiaries may hold more than one-tenth of its issued share capital for more than three years after it was converted into a public limited liability company ( naamloze vennootschap) or after it acquired its own shares (i) for no consideration or (ii) under universal succession of title ( algemene titel). Owned Terra shares pledged by Terra and its subsidiaries are taken into account in this respect. Any Terra shares held by Terra in excess of the amount permitted shall automatically transfer to the directors jointly at the end of the last day of such three-year period. Each director shall be jointly and severally liable to compensate Terra for the value of the Terra shares at such time, with interest at the statutory rate thereon from such time. The same applies to the acquisition of Terra shares for employees of Terra under any applicable equity compensation plan, provided that those Terra shares are quoted on an official list of a stock exchange and held by Terra for more than 1 year after acquisition thereof. Terra cannot derive any right to any distribution from Terra shares, or voting rights attached to Terra shares acquired by it. Prior to the Closing of the Business Combination, the Terra general meeting adopted a resolution authorizing the Terra board of directors for a period of 18 months from the Closing, to repurchase Terra Ordinary Shares representing up to ten percent (10%) of Terra’s