Redemption and purchase generally Redemption and purchase generally

England, Wales and Scotland

1. 159Power to issue redeemable shares.
2. 159ATerms and manner of redemption.
3. 160Financing etc. of redemption.
4. 161. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. 162Power of company to purchase own shares.
6. 162ATreasury shares
7. 162BTreasury shares: maximum holdings
8. 162CTreasury shares: voting and other rights
9. 162DTreasury shares: disposal and cancellation
10. 162ETreasury shares: mandatory cancellation
11. 162FTreasury shares: proceeds of sale
12. 162GTreasury shares: penalty for contravention
13. 163Definitions of “off-market” and “market” purchase.
14. 164Authority for off-market purchase.
15. 165Authority for contingent purchase contract.
16. 166Authority for market purchase.
17. 167Assignment or release of company’s right to purchase own shares.
18. 168Payments apart from purchase price to be made out of distributable profits.
19. 169Disclosure by company of purchase of own shares.
20. 169ADisclosure by company of cancellation or disposal of treasury shares
21. 170The capital redemption reserve.