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The Companies Act 2006 (Amendment of Part 18) Regulations 2013

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Authority for off-market purchase

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5.  In each of the following provisions of the Act, omit the word “special”—

(a)subsections (2)(a) and (b) and (4) of section 694 (shareholder authorisation required for contract for off-market purchase of company’s own shares),

(b)subsections (2) and (3) of section 697 (shareholder authorisation required for variation of contract for off-market purchase of company’s own shares), and

(c)subsections (2) and (3) of section 700 (shareholder authorisation required for release of company’s rights under contract for off-market purchase of company’s own shares).

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