727 Treasury shares: disposal
727 Treasury shares: disposal
Companies Act 2006 | Legislation

(1)     Where shares are held as treasury shares, the company may at any time—

(a)     sell the shares (or any of them) for a cash consideration, or

(b)     transfer the shares (or any of them) for the purposes of or pursuant to an employees' share scheme.

(2)     In subsection (1)(a) “cash consideration” means—

(a)     cash received by the company, or

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