697 Variation of contract for off-market purchase
697 Variation of contract for off-market purchase
Companies Act 2006 | Legislation

(1)     A company may only agree to a variation of a contract authorised under section 694 (authority for off-market purchase) if the variation is approved in advance in accordance with this section.

(2)     The terms of the variation must be authorised by a . . . resolution of the company before it is agreed to.

(3)     That authority may be varied, revoked or from time to time renewed by a . . . resolution of the company.

(4)     In the case of a public company a resolution conferring, varying or renewing authority must specify a date on which the authority is to expire, which must not be later than [five years] after the date on which the resolution is passed.