| Commentary

209.5 Return to registrar of purchase of own shares

| Commentary

209.5 Return to registrar of purchase of own shares

A company which purchases shares using the above procedure must, within the period of 28 days beginning with the date on which the shares are delivered to it, deliver a return to the registrar distinguishing those shares which are treasury shares and those which are not, and in relation to the former those which are cancelled forthwith from those which are not1. The return must also state the number and nominal value of the shares of each class purchased, and the date on which they were delivered to the

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