Point in time view as at 31/12/2020.
Companies Act 2006, Section 693 is up to date with all changes known to be in force on or before 05 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)A limited company may only purchase its own shares—
(a)by an off-market purchase, [F1authorised in accordance with section 693A or] in pursuance of a contract approved in advance in accordance with section 694;
(b)by a market purchase, authorised in accordance with section 701.
(2)A purchase is “off-market” if the shares either—
(a)are purchased otherwise than on a recognised investment exchange, or
(b)are purchased on a recognised investment exchange but are not subject to a marketing arrangement on the exchange.
(3)For this purpose a company's shares are subject to a marketing arrangement on a recognised investment exchange if—
(a)they are listed under Part 6 of the Financial Services and Markets Act 2000 (c. 8), or
(b)the company has been afforded facilities for dealings in the shares to take place on the exchange—
(i)without prior permission for individual transactions from the authority governing that investment exchange, and
(ii)without limit as to the time during which those facilities are to be available.
(4)A purchase is a “market purchase” if it is made on a recognised investment exchange and is not an off-market purchase by virtue of subsection (2)(b).
(5)In this section “recognised investment exchange” means a recognised investment exchange (within the meaning of Part 18 of the Financial Services and Markets Act 2000) other than an overseas exchange (within the meaning of that Part).
Textual Amendments
F1Words in s. 693(1) inserted (30.4.2013) by The Companies Act 2006 (Amendment of Part 18) Regulations 2013 (S.I. 2013/999), reg. 6
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
Mae’r holl gynnwys ar gael dan Drwydded Llywodraeth Agored v3.0 ac eithrio ble nodir yn wahanol. Yn ychwanegol mae’r safle hwn â chynnwys sy’n deillio o EUR-Lex, a ailddefnyddiwyd dan delerau Penderfyniad y Comisiwn 2011/833/EU ar ailddefnyddio dogfennau o sefydliadau’r UE. Am ragor o wybodaeth gweler ddatganiad cyhoeddus Swyddfa Gyhoeddiadau’r UE ar ailddefnyddio.
