The 10/12 limit means:
A) A minimum of 10 percent of shareholders must accept the share buy-back offer.
B) Companies can offer a minimum of 10 percent and a maximum 12 percent premium for the share buy-back.
C) Only shareholders who have held their shares for a minimum of 10 months can sell up to 12 percent of their shareholding.
D) Companies can only buy back 10 per cent or less of their total shares within a 12-monthperiod. This rule is known as the 10/12 limit.

Question

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Companies can only buy back 10 per cent or less of their total shares within a 12-month period. This rule is known as the 10/12 limit.

The 10/12 Limit Means