English to German Bus/Financial Investment / Securities

Context:

- XYZGroup announces the immediate *cancellation* of 25 MILLION Common Shares thereby reducing the shares issued and outstanding by approximately 35%.
- The Company is pleased to announce that the Company’s controlling shareholder has agreed to *cancel* 25 million of the 30 million shares that the Shareholder currently owns. This will result in an approximate 35% reduction in the total shares outstanding. Following this *cancellation* the issued and outstanding shares of the Corporation will be approximately 46 million.

Wie heisst das auf Deutsch?