Own Share Purchase Out Of Capital - 1st Letter To Companies House

A purchase of own shares is when a company buys shares in itself from an existing shareholder, where the shares bought are not redeemable shares. See the Own Share Purchase out of Capital - Guidance Notes for more information.

This Own Share Purchase out of Capital - 1st Letter to Companies House is used as a cover letter for filing the Special Resolution, and copies of the Directors' Statement and auditor's report, with Companies House.

A copy of the Special Resolution must be sent to the Registrar of Companies within 15 days of being passed. The Directors' Statement and auditor's report must be delivered to the Registrar of Companies within seven days of the resolution being passed.

This Letter has been updated to reflect the April 2013 changes to the Companies Act 2006, notably the move from special resolution to ordinary resolution for approval of the Contract. There is no need to file the ordinary resolution.

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