C1Part 18Acquisition by limited company of its own shares
Chapter 4Purchase of own shares
Supplementary provisions
707Return to registrar of purchase of own shares
1
Where a company purchases shares under this Chapter, it must deliver a return to the registrar within the period of 28 days beginning with the date on which the shares are delivered to it.
2
The return must distinguish—
a
shares in relation to which section 724 (treasury shares) applies and shares in relation to which that section does not apply, and
b
shares in relation to which that section applies—
i
that are cancelled forthwith (under section 729 (cancellation of treasury shares)), and
ii
that are not so cancelled.
3
The return must state, with respect to shares of each class purchased—
a
the number and nominal value of the shares, and
b
the date on which they were delivered to the company.
4
In the case of a public company the return must also state—
a
the aggregate amount paid by the company for the shares, and
b
the maximum and minimum prices paid in respect of shares of each class purchased.
5
Particulars of shares delivered to the company on different dates and under different contracts may be included in a single return.
In such a case the amount required to be stated under subsection (4)(a) is the aggregate amount paid by the company for all the shares to which the return relates.
6
If default is made in complying with this section an offence is committed by every officer of the company who is in default.
7
A person guilty of an offence under this section is liable—
a
on conviction on indictment, to a fine;
Pts. 1-39 (except for Pt. 7 and ss. 662-669), 45-47 extended (12.5.2011) by The Companies Act 2006 (Consequential Amendments and Transitional Provisions) Order 2011 (S.I. 2011/1265), art. 5(1), Sch. 1 para. 2