Sell-Back Guide for Certificates or EORs (Leaving the Company)

If you are leaving the company, you must offer all your certificates or EORs for sale via the platform. In this post we tell you how.

 

  1. Obligation to Sell:
    If you are leaving the company, you must offer all your certificates or EORs for sale via the platform. The sale price is based on the current price at the moment your contract is terminated.

  2. Process for Selling:

    • Company Buyback: The company is given the first opportunity to purchase your certificates or EORs.
    • Shareholders’ Purchase: If the company does not buy them, the other main shareholders have the option to purchase.
    • Other Holders: If neither the company nor the main shareholders buy, other certificate or EOR holders may purchase them.
  3. Transfer and Payment:

    • Once a buyer is found, the certificates or EORs are transferred through the platform.
    • Payment methods include:
      • Direct payment.
      • Payment link.
      • Bank transfer (to be completed within 30 days).
  4. Special Cases:

    • Revised Offer: If the certificates or EORs are not sold, you may make a new offer at a different price. However, this can be done only once, and it’s recommended to discuss this decision first.
    • New Transfer Window: If you do not sell, you may hold onto the certificates or EORs, but you will be obligated to offer them again during the next transfer window at the new price.

These rules ensure a fair and transparent process for selling certificates or EORs when leaving the company. By following these steps, you can fulfill your obligations while giving others in the company a chance to invest further. If you have any doubts, feel free to seek guidance.