Русско-англо-русский юридический словарь

Redemption of shares. Redeemable shares are shares which can be ‘redeemed’ (in other words, the ownership of the shares can be retrieved from the shareholder at the option of either the company or the shareholder on pre-determined terms and conditions and payment of a specified sum). (Lexis)

Cancellation of Shares. At the Effective Time, all shares of Company Common Stock will no longer be outstanding and all shares of Company Common Stock will be cancelled and retired and will cease to exist, and, subject to Section 2.03, each holder of a certificate formerly representing any such shares (each, a Certificate) will cease to have any rights with respect thereto, except the right to receive the Merger Consideration in accordance with Section 2.02 hereof. (Law Insider)