Q&As

Can a private company be incorporated with only redeemable shares as its share capital?

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Produced in partnership with Louise Wolfson
Published on LexisPSL on 07/12/2020

The following Corporate Q&A produced in partnership with Louise Wolfson provides comprehensive and up to date legal information covering:

  • Can a private company be incorporated with only redeemable shares as its share capital?

Can a private company be incorporated with only redeemable shares as its share capital?

Pursuant to the Companies Act 2006 (CA 2006), a limited company having a share capital may issue redeemable shares of any class. However, a public company may only issue redeemable shares if it is authorised to do so by its articles of association. A private company’s articles may exclude or restrict the issue of redeemable shares, but need not expressly authorise it. For further information on the issue of redeemable

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