现金或临时凭证会提供给股东作为资本按比例收益的一部分。
The cash or scrip would be offered as part of a pro rata return of capital to shareholders.
但是，又有一个英国法庭律师，认为由于回购是针对持股凭证，而并非股票，因此尽管股东的许可是恰当并令人期望的，但并不不是必需的。
Yet a senior English barrister opined that since the buyback involved certificates not shares, approval was not needed, though “it would be appropriate and desirable”.
公司的股东名册是由公司制企业自行置备，用于确认股东身份及其所持股权的法律关系凭证。
The stock ledger made by the enterprise itself is used to confirm identity of shareholders. It's also the certificate which proves the ownership of equity of shareholders.
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