Own Share Purchase Out Of Capital - Public Notice
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 - Public Notice is the notice of the proposed payment out of capital which must be published by the company in the Gazette within the week following the passing of the special resolution regarding the use of capital for the purchase of own shares. The company must also publish a similar notice in a national newspaper or it must give written notice to that effect to each of its creditors.
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