# The Companies (Northern Ireland) Order 1986 (revoked), Article 172A: Treasury shares

Extent: N.I.

(1) Where qualifying shares are purchased by a company out of distributable profits in accordance with Article 172, the company may—
(a) hold the shares (or any of them), or
(b) deal with any of them, at any time, in accordance with Article 172D.
(2) Where shares are held under paragraph (1)(a) then, for the purposes of Article 360, the company must be entered in the register as the member holding those shares.
(3) In this Order, references to a company holding shares as treasury shares are references to the company holding shares which—
(a) were (or are treated as having been) purchased by it in circumstances in which this Article applies, and
(b) have been held by the company continuously since they were so purchased.

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Source: https://www.legislation.gov.uk/nisi/1986/1032/article/172A (the official version)
Page: https://openlegislation.uk/companies-northern-ireland-order-1986-revoked/article-172A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.