The ability for a company to easily buy back shares it had previously issued was introduced in 1995. As from this date, it was no longer necessary to undergo complex procedures or to re-draft the Memorandum and Articles of Association of the Company.
A company is permitted to buy back any type of share other than redeemable preference shares.
For an unlisted company, a buy back is generally either:
- Selective – whereby the treatment of shareholders differs, or
- Equal access – whereby all shareholders participate equally in the buy back scheme.
If you would like to start a share buy back, simply fill in our order form and submit it to us. We’ll be happy to help.