Q&As

If a company’s articles of association contain pre-emption rights that apply to a transfer of shares, will these apply to a share buyback?

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Published on LexisPSL on 18/02/2019

The following Corporate Q&A provides comprehensive and up to date legal information covering:

  • If a company’s articles of association contain pre-emption rights that apply to a transfer of shares, will these apply to a share buyback?

If a company is proposing to acquire its own shares, it is prudent to consider its articles of association and any shareholders’ agreement that is in place, to ensure that they do not restrict or prohibit the acquisition. In particular, they should be checked for any pre-emption rights or similar provisions that apply to a transfer of shares.

Any

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