1.   Bankinter will also ask shareholders to cancel part of its treasury stock.

2.   Money points out that this is not considered insider trading because of a loophole that permits the purchase of so-called treasury stock directly from a company.

3.   The repurchased shares will be held as treasury stock for general corporate purposes.

4.   The rule is designed to simplify accounting for so-called treasury stock, or stock held against options, warrants and other securities that can be converted into shares.

5.   The stock purchased will be used for acquisitions, contributions to company pension plans or for treasury stock, the company said.

6.   The stock will become treasury stock and could be used for a wide range of purposes including acquisitions, the company said.

7.   This is the seventh time that Bankinter has canceled treasury stock.

8.   Treasury stock is stock a company issues and then buys back and places in its treasury where it earns no dividends and carries no voting rights.

9.   The shares were sold to participants out of treasury stock, Union Pacific said.

10.   The SFC noted that companies would be more prepared to buy back shares if they could be treated as treasury stock.