102. Company acquiring its own shares, etc. - permissible circumstances and prohibitions | Companies Act 2014 (No. 38)

Version status: In force | Document consolidation status: Updated to reflect all known changes

Version date: 24 May 2023 - onwards

102. Company acquiring its own shares, etc. - permissible circumstances and prohibitions

(1) Subject to the provisions of this Chapter, a company may acquire its own fully paid shares -

(a) by transfer or surrender to the company otherwise than for valuable consideration;

(b) by cancellation pursuant to a reduction of company capital by either of the means referred to in section 84;

(d) where those shares are redeemable shares, by redemption or purchase under section 105;

(e) by purchase under section 105;

(f) where those shares are preference shares referred to in section 108, by redemption under that section;

(g) pursuant to a merger or division under Chapter 3 or 4 of Part 9; or