Own Share Purchase Out Of Profits/New Share Issue/Cash - General Meeting Minutes
These Own Share Purchase Out of Profits/New Share Issue/Cash – General Meeting Minutes contains minutes of the general meeting held in order to approve the contract required for the purchase by a private company of its own shares.
Please see "Own Share Purchase Out of Profits/New Share Issue/Cash – Guidance Notes" for more information.
These General Meeting Minutes are in open format. The document contains fields which must be completed. It also contains some wording options in square brackets which must be adjusted to suit your purposes.
The wording should be amended by choosing whether the share purchase will be out of distributable profits, a new share issue or cash and deleting the inapplicable options. The option used must be consistent with paragraphs 4, 5 (a), 5 (b), and 6 (a) of "Own Share Purchase Out of Profits/New Share Issue/Cash – Board Resolutions".
These General Meeting Minutes reflect the April 2013 changes to the Companies Act 2006, notably the move from special resolution to ordinary resolution for approval of the purchase and the option to use cash (in limited circumstances). They have also been updated to take into account the minor amendments made to the April 2013 regulations by The Companies Act 2006 (Amendment of Part 18) Regulations 2015 which came into force on 6th April 2015.
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