Share buy-backs | Practical Law
This note outlines the key issues relating to a company's acquisition of its own shares (commonly known as a share buy-back) in accordance with the Companies Act 1993. It covers the requirements for pro rata and selective buy-backs, share buy-backs on a stock exchange for listed companies, cancellation of a buy-back, enforceability of a share buy-back contract and acquisitions of shares in a company by its subsidiary.