[693A Authority for off-market purchase for the purposes of or pursuant to an employees' share scheme]
Companies Act 2006 | Legislation

[693A  Authority for off-market purchase for the purposes of or pursuant to an employees' share scheme]

[(1)     A company may make an off-market purchase of its own shares for the purposes of or pursuant to an employees' share scheme if the purchase has first been authorised by a resolution of the company under this section.

(2)     That authority—

(a)     may be general or limited to the purchase of shares of a particular class or description, and

(b)     may be unconditional or subject to conditions.

(3)     The authority must—

(a)     specify the maximum number of shares authorised to be acquired, and

(b)     determine both

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