Redeemable Shares can be redeemed at the option of the company or the holder of the redeemable shares. There are very strict rules that companies must follow for the purchase or redemption of shares out of profits.
The Redemption of Shares Out of Profits Sub-folder contains guidance notes which take you through the steps which must be followed for this procedure. There are also board resolutions and a cover letter which can be used for filing “Form SH02 – Notice of consolidation, sub-division, redemption of shares or re-conversion of stock into shares” at Companies House.
Each document in the Redemption of Shares Out of Profits Sub-folder is fully compliant with the Companies Act 2006.
Redemption of Shares Out of Profits is part of the Corporate folder. Access all Corporate documents for £35+VAT.