Redemption Out Of Capital – Directors’ Statement
Redeemable Shares can be redeemed at the option of the company or the
holder of the redeemable shares. Please see “Redemption Out of Capital –
Guidance Notes” for more information.
This Redemption 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 redeem 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 Redemption 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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