687 Financing of redemption
Companies Act 2006 (2006 c 46) | Legislation

687  Financing of redemption

(1)     A private limited company may redeem redeemable shares out of capital in accordance with Chapter 5.

(2)     Subject to that, redeemable shares in a limited company may only be redeemed out of—

(a)     distributable profits of the company, or

(b)     the proceeds of a fresh issue of shares made

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