A purchase of own shares is when a company purchases shares in itself from an existing shareholder and the shares purchased are not redeemable shares.
The Own Share Purchase out of Profits/New Issue/Cash Sub-folder contains forms, guidance notes and written and board resolutions for purchasing shares out of profits. There are letters to Companies House, which can be used as cover letters for filing the relevant special resolution with Companies House.
Each document in the Own Share Purchase out of Profits/New Issue/Cash Sub-folder is fully compliant with the Companies Act 2006 and the documents reflect the April 2013 Regulations.
Certain template documents in this subfolder have been updated to reflect the minor changes made to the share buyback process by the Companies Act 2006 (Amendment of Part 18) Regulations 2015 introduced on 6th April 2015. The 2015 Regulations clarify the operation of certain provisions of the Companies Act 2006 introduced by the April 2013 Regulations. As the changes are minor points of legal clarification, only certain templates in this subfolder have required updating.