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Share Sales - Share Purchase Agreements

Use these templates where the shares in a company are being sold (a share sale), rather than the company’s business and assets being sold (a business/asset sale). A share purchase agreement records the transfer of ownership of the company itself, including the price, completion mechanics and the key contractual protections between buyer and seller.

If you are buying or selling a company’s business or assets (rather than its shares), see Business/Asset Sales.

This collection includes versions designed for common deal scenarios, including sales by a company or by individual shareholders, with or without subsidiaries, with or without real property, and with optional structuring and risk-allocation features.

These share sale and purchase agreement templates are drafted for UK use and reflect the Companies Act 2006.

When Should You Use These Share Purchase Agreements?

✅ You are selling or buying shares in a company (rather than buying the company’s business or assets).
✅ The seller is a company or individual shareholder(s) and you need the correct form for the seller type.
✅ The target company has subsidiaries and the agreement needs to reflect the group position.
✅ The target company owns real property and the agreement needs to address that position.
✅ You want a structured timetable, including split exchange and completion.
✅ You are selling only a percentage of the existing shares, or a single shareholder is selling their shares.

How Are These Share Purchase Agreements Organised?

- Seller type: versions for sales by a company and for sales by individual(s).
- Group and property: versions depending on whether the target has subsidiaries and whether it owns real property.
- Deal structure: a separate version supports split exchange and completion.
- Scope of sale: versions for a sale of a percentage of existing shares and for a sale by one shareholder only.
- Additional warranty set: a pandemic/epidemic/public health emergency warranty suite is provided for use alongside a share sale agreement where appropriate.

Using the Comparison Matrix

A comparison matrix is included to help you select the most suitable share sale and purchase agreement for your circumstances.

Important Point on Tax Provisions

These share sale and purchase agreement templates do not contain tax covenants or tax warranties. You should take independent legal and tax advice on the appropriate tax provisions and the overall transaction structure.

Related Templates

For the wider share sale process, including pre-contract documents, due diligence, approvals, completion deliverables and post-completion clean-up, see Share Sales - Supporting Templates.

After completion, you will usually need to update the company’s statutory registers (including the register of members), so see Register of Members.

Share Sales - Share Purchase Agreements is part of Corporate. Just £38.50 + VAT provides unlimited downloads from Corporate for 1 year.

Frequently Asked Questions

What does a share purchase agreement actually do? +
It transfers control of the company on defined terms: who sells what shares for what price, what must happen before and at completion, warranties from the seller about the company's condition, any restrictions on the seller competing afterwards and how claims are handled if warranties prove wrong. The company itself is untouched, its contracts and assets stay put, ownership above it changes. The templates here reflect the Companies Act and are built for UK private company deals.
There are several SPA versions here. How do we pick the right one? +
Match three features of your deal. Who is selling: a corporate seller or individual shareholders, the warranty and liability drafting differs. What is being sold: a standalone company or one with subsidiaries, which widens the warranty net. And whether real property is involved, which brings property warranties into play. The collection provides versions along each of these lines plus optional risk-allocation features, so start from the version closest to your deal shape.
Why do warranties take up most of the agreement, and what is the disclosure letter for? +
Because the buyer inherits everything, warranties are how the unknown is priced. The seller makes statements about the company, accounts, tax, contracts, disputes, and if one proves false the buyer can claim. The disclosure letter is the seller's safety valve: anything fairly disclosed against a warranty cannot found a claim, so sellers disclose thoroughly and buyers read disclosures as the real risk map. Budget proper time for this exchange; it is the deal's substance.
What tax and filings arise on the share transfer itself? +
Stamp duty for the buyer where the price exceeds 1,000 pounds, usually 0.5 percent, paid to HMRC before the transfer can be registered. Then the company registers the buyer in its register of members, the step that passes legal title, and issues new certificates. Companies House learns of the change via the next confirmation statement, and any PSC changes must be notified. Wider deal taxes for the seller are a matter for advice, deliberately outside these templates.

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