| Commentary

208 Financing of purchase

| Commentary

208 Financing of purchase

A private limited company may purchase its own shares out of capital provided that it follows the correct procedure under the Companies Act 2006 Part 18 Chapter 51. Instead of, or in addition to, purchasing shares in accordance with Chapter 5, a private limited company may be able to take advantage of a de minimis exemption and purchase a certain amount of its own shares out of capital without complying with the Chapter 5 regime, provided it is authorised to do so by its articles. The company may only do this up to an aggregate purchase

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