{
  "url": "https://openlegislation.uk/companies-act-2006/section-697",
  "json_url": "https://openlegislation.uk/companies-act-2006/section-697.json",
  "legislation": "ukpga/2006/46",
  "legislation_title": "Companies Act 2006",
  "legislation_url": "https://openlegislation.uk/companies-act-2006",
  "path": "section/697",
  "kind": "section",
  "number": "697",
  "heading": "Variation of contract for off-market purchase",
  "text": "(1) A company may only agree to a variation of a contract authorised under section 694 (authority for off-market purchase) if the variation is approved in advance in accordance with this section.\n(2) The terms of the variation must be authorised by a . . . resolution of the company before it is agreed to.\n(3) That authority may be varied, revoked or from time to time renewed by a . . . resolution of the company.\n(4) In the case of a public company a resolution conferring, varying or renewing authority must specify a date on which the authority is to expire, which must not be later than five years after the date on which the resolution is passed.\n(5) A resolution conferring, varying, revoking or renewing authority under this section is subject to—\nsection 698 (exercise of voting rights), and\nsection 699 (disclosure of details of variation).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in s. 697(2) omitted (30.4.2013) by virtue of The Companies Act 2006 (Amendment of Part 18) Regulations 2013 (S.I. 2013/999), reg. 5(b)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in s. 697(3) omitted (30.4.2013) by virtue of The Companies Act 2006 (Amendment of Part 18) Regulations 2013 (S.I. 2013/999), reg. 5(b)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 697(4) substituted (1.10.2009) by The Companies (Share Capital and Acquisition by Company of its Own Shares) Regulations 2009 (S.I. 2009/2022), reg. 4(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2006/46/section/697",
    "retrieved_at": "2026-10-29T09:13:40.060156+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}