Part 18Acquisition by limited company of its own shares
Chapter 4Purchase of own shares
Supplementary provisions
704No assignment of company's right to purchase own shares
The rights of a company under a contract authorised under—
F1(za)
section 693A (authority for off-market purchase for the purposes of or pursuant to an employees' share scheme),
(a)
section 694 (authority for off-market purchase), or
(b)
section 701 (authority for market purchase)
are not capable of being assigned.