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.

Use this directors’ statement to confirm solvency for a redemption out of capital

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.

When the statement must be made available to shareholders

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.

Point to address if the company has one director

If the company has only one director, the wording relating to the sole director should be used.

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