This written resolution can be used whether the buyback is being funded out of distributable profits, capital or from the proceeds of a fresh issue of shares. Free Sample Resolution to Reacquire and Redeem Outstanding Shares.Customize and download over 70 free corporate resolutions samples. This is known as a share buyback or a company purchase of own shares. This is a template for board resolutions for the repurchase of corporate stock. The form of the share buyback contract should be agreed between the company and the selling shareholder(s).