Own Share Purchase Out Of Capital – Contract to Purchase (ESS)
Companies may wish to "buy back" or purchase their own shares.
This Own Share Purchase out of Capital - Contract to Purchase (ESS) is for a private company wishing to purchase its own shares for the purposes of an employees’ share scheme using capital. It should be read in conjunction with "Own Share Purchase out of Capital - Guidance Notes."
In order for a private limited company to purchase its own This Contract to Purchase contains the following Clauses: 1. Definitions This Own Share Purchase out of Capital - Contract to Purchase (ESS) is The company purchasing the shares will be the Purchaser and its details will need to be completed The nominal value of the share referred to in Recitals A and B is the value of each share on the share certificate. This may be only a small amount (e.g. 1p, 10p or £1) and may be considerably less than the price paid per share. If the price paid per share is more than the nominal value, then the balance is referred to as the premium. Clause 2.4 gives the option of paying the Purchase Price in If the Vendor is a corporate body, then clause 3.4 should be retained, Details for giving notice to each of the parties to the contract should be inserted at clause 6. The share capital of the company purchasing its own shares immediately before completion of the sale and purchase should be inserted at Schedule II and the share capital of the company purchasing its own shares immediately after completion of the sale and purchase should be inserted at Schedule III. Once you have subscribed to the appropriate document folder click on the "Download Document" button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing. Own Share Purchase Out Of Capital – Contract to Purchase (ESS) is part of Corporate Documents. Just £35.00 + VAT provides unlimited downloads from Corporate Documents for 1 year.
2. Sale and Purchase of Sale Shares
3. Representations and Warranties of the Vendors
4. Representations and Warranties of the Purchaser
5. Miscellaneous
6. Notice Details