(1) A company may only make a market purchase of its own shares if the purchase has first been authorised by a resolution of the company.
(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
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