Own Share Purchase Out Of Capital - Directors' Statement

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. Please see "Own Share Purchase out of Capital – Guidance Notes" for more information.

This Own Share Purchase out of Capital - Directors' Statement is the statement of the solvency of the company given by the directors in the format prescribed by the Companies Act 2006 where a company wishes to purchase its own shares out of capital. It must be made available to the shareholders either when the written resolution is sent to each eligible member or at the general meeting of shareholders where the special resolution is approved.

This Own Share Purchase out of Capital - Directors' Statement is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes. If the company has only one director, then the wording relating to the sole director should be used.

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