| Commentary

211.4 Public notice of proposed payment

| Commentary

211.4 Public notice of proposed payment

Within the week immediately following the date on which the shareholders pass the special resolution approving the capital payment, the company must arrange for a notice to be published in the Gazette1:

  1. 211.4.1

        stating that the company has approved a payment out of capital for the purpose of redeeming or purchasing its own shares, or both;

  2. 211.4.2

        specifying the amount of the permissible capital payment for the shares in question, and the date of the resolution;

  3. 211.4.3

        stating where the directors’ statement and auditor’s report are available for inspection; and

  4. 211.4.4

        stating that any

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