692 Financing of purchase of own shares
Companies Act 2006 (2006 c 46) | Legislation

692  Financing of purchase of own shares

[[(1)     A private limited company may purchase its own shares out of capital in accordance with Chapter 5.

(1ZA)     If authorised to do so by its articles, a private limited company may purchase its own shares out of capital otherwise than in accordance with Chapter 5, up to an aggregate purchase price in a financial year of the lower of—

(a)     £15,000, or

(b)     the nominal value of 5% of its fully paid share capital as at the beginning

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