Paragraph 6
Accounts prepared under these Regulations shall comply with paragraph 6 of Schedule 7 to the 1985 Actf1, but otherwise that Schedule shall not apply to such a body.
Where a body subject to these Regulations has a share capitaland may lawfully acquire its own shares, the directors' report of that body shall, in addition to the matters referred to in sub-paragraph (1), state:
the reasons for any acquisition of such shares during the financial year;
the number and nominal value of any such shares acquired during the financial year and the number and nominal value of any such shares disposed of during the financial year, together, in each case, with the percentage of the total issued share capital of the body that they represent;
the valueand nature of any consideration given for the acquisition of such sharesand the valueand nature of any consideration received for the disposal of such shares during the financial year;and
the number and nominal value of all such shares held by the body at the end of the financial year, together with the percentage they represent of the total issued share capital of the body.
Annotations
Footnotes
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Schedule 7 has been amended by sections 1and 8 of,and Schedule 5 to, the Companies Act 1989.