Article 18A Dealing by a company in its own sharesF1
United Kingdom
A company does not carry on an activity of the kind specified by article 14 by purchasing its own shares where F2section 724 of the Companies Act 2006 (Treasury shares) applies to the shares purchased.
A company does not carry on an activity of the kind specified by article 14 by dealing in its own shares held as treasury shares, in accordance with F3section 727 (Treasury shares: disposal) or 729 (Treasury shares: cancellation) of that Act.
In this article “shares held as treasury shares” has the same meaning as in that Act.
Annotations
Textual amendments
- F1
Art. 18A inserted (1.12.2003) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 3) Order 2003 (S.I. 2003/2822), arts. 1, 3
- F2
Words in art. 18A(1) substituted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), arts. 1(2), 13(3)(a)
- F3
Words in art. 18A(2) substituted (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), arts. 1(2), 13(3)(b)