Own Share Purchase (Capital) – Letter to Companies House re Multiple Buybacks Resolution
Own Share Purchase Out Of Capital – Letter to Companies House (Multiple Buybacks Resolution)
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.
With effect from 30 April 2013, a company can by ordinary resolution authorise multiple purchases of its own shares if the purchases are for the purposes of an employees’ share scheme. Please see "Own Share Purchase out of Capital - Guidance Notes" for more information.
This Own Share Purchase out of Capital - Letter to Companies House (Multiple Buybacks Resolution) is to be used as a covering letter for filing the relevant ordinary resolution with Companies House. Most ordinary resolutions do not need to be filed but this type of ordinary resolution must be sent to the Registrar of Companies within 15 days of its being passed.
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