701 Authority for market purchase
701 Authority for market purchase
Companies Act 2006 | Legislation

(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