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
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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