Under section 693 of the Companies Act 2006 (CA 2006), a limited company may only carry out an off-market share buyback (that is not for the purposes of, or pursuant to, an employees' share scheme) pursuant to a contract that is approved in accordance with CA 2006, s 694, before the share buyback takes place. An ordinary resolution of a company’s shareholders is required to approve such a share buyback contract, unless the company’s articles of association require a higher majority or unanimity. Where a contract in relation to a proposed off-market share buyback is to be approved by a company in general meeting, CA 2006, 696 requires a copy of the contract (if it is in writing) or a memorandum setting out its terms (if it is not) to be made available to shareholders. It must be available for inspection at the company's registered office for not less than