http://www.legislation.gov.uk/id/uksi/2003/1116/schedule

http://www.legislation.gov.uk/uksi/2003/1116/schedule/paragraph/20

The Companies (Acquisition of Own Shares)(Treasury Shares) Regulations 2003

Capital and financial markets

COMPANIES

2023-06-18

Statute Law Database

2003-04-14

These Regulations further implement the Council Directive 77/91/EEC (OJ No. L26, 31.1.77, p. 1) as amended by 92/101/EEC (OJ No. L347, 28.11.92, p.64) on co-ordination of safeguards which, for the protection of members and others, are required by member states of companies in respect of the formation of public limited liability companies and the maintenance and alteration of their capital, with a view to making such safeguards equivalent. The Regulations amend the Companies Act 1985 (c. 6) (“the 1985 Act”) to permit certain companies to hold shares in treasury following a purchase of own shares as an alternative to cancelling such shares on purchase.

The Companies (Acquisition of Own Shares)(Treasury Shares) Regulations 2003

Schedule

para 12

The Companies (Acquisition of Own Shares) (Treasury Shares) No. 2 Regulations 2003

reg 3(1)

The Companies (Acquisition of Own Shares)(Treasury Shares) Regulations 2003

Sch.

para. 20

The Companies (Acquisition of Own Shares)(Treasury Shares) Regulations 2003

reg. 1(1)

SCHEDULE

Amendment of section 369 of the 1985 ActI120

In section 369 of the 1985 Act (length of notice for calling meetings)13 in subsection (4)(a) after “meeting” insert “(excluding any shares in the company held as treasury shares)”.

Annotations:

Commencement Information

Sch. para. 20 in force at 1.12.2003, see reg. 1(1)