PURCHASE OF OWN SHARES. 38.1 The Company may purchase its own shares, in accordance with s.692(1ZA) of the Companies Xxx 0000, up to an aggregate purchase price in a financial year not exceeding the lower of: (a) £15,000 and (b) the nominal value of 5 per cent. of its fully paid share capital as at the beginning of that financial year.
PURCHASE OF OWN SHARES. The Company has not purchased any of its own shares in circumstances to which ICTA Section 219 applies.
PURCHASE OF OWN SHARES. Subject to the provisions of the Acts and to any rights conferred on the Holders of any class of Shares, the Company may purchase all or any of its Shares of any class (including any redeemable Shares). Every contract for the purchase of, or under which the Company may become entitled or obliged to purchase, Shares in the Company shall be authorised by a special resolution of the Company. Neither the Company nor the Directors shall be required to select the Shares to be purchased rateably or in any particular manner as between the Holders of Shares of the same class or as between them and the Holders of Shares of any other class or in accordance with the rights as to dividends or capital conferred by any class of Shares. Subject as aforesaid, the Company may cancel any Shares so purchased or may hold them as treasury Shares and issue any such treasury Shares as Shares of any class or classes or cancel them. Notwithstanding anything to the contrary contained in these Articles, the rights attached to any class of Shares shall be deemed not to be varied by anything done by the Company pursuant to this Article.
PURCHASE OF OWN SHARES. (i) The Company has not purchased, redeemed or repaid nor agreed to purchase, redeem or repay any of its own shares in circumstances to which section 219 of the TA applies.
PURCHASE OF OWN SHARES. Subject to the provisions of the Law, the Company may purchase its own shares (including any redeemable shares)”; – the twenty four (24) months time limit for the Company to hold its own shares is approved; – all the members of the Company relinquished and waived all of their pre-emptions rights provided by the Articles of Association of the Company over the Shares; – the Board of Directors of the Company is authorised to take all necessary steps and actions to implement all resolutios passed at the General Meeting.
PURCHASE OF OWN SHARES. 47.1 Subject to the Statutes and to any rights conferred on the holders of any class of shares, the Company may not purchase any of its shares unless the purchase has been sanctioned by a special resolution passed at a separate general meeting (or meetings if there is more than one class) of the holders of any shares which entitle the holders to convert them into equity share capital of the Company.
PURCHASE OF OWN SHARES. 23. Subject to the provisions of the Companies Law and the Shareholders Agreement, the Company may:
PURCHASE OF OWN SHARES. Subject to the provisions of the Acts and to any rights conferred on the Holders of any class of Shares, the Company (or any subsidiary) may purchase all or any of its Shares of any class (including any redeemable Shares). Every contract for the purchase of, or under which the Company may become entitled or obliged to purchase, Shares in the Company shall be authorised by a special resolution of the
PURCHASE OF OWN SHARES. Under English law, a public limited company may purchase its own shares only out of the distributable profits of the company or the proceeds of a new issue of shares made for the purpose of financing the purchase. A public limited company may not purchase its own shares if as a result of the purchase there would no longer be any issued shares of the company other than redeemable shares or shares held as treasury shares. Subject to the foregoing, because the Nasdaq Capital Market is not a "recognized investment exchange” under the Companies Act, a company may purchase its own fully paid shares only pursuant to a purchase contract authorized by ordinary resolution of the holders of its ordinary shares before the purchase takes place. Any authority will not be effective if any shareholder from whom the company proposes to purchase shares votes on the resolution and the resolution would not have been passed if such shareholder had not done so. The resolution authorizing the purchase must specify a date, not being later than five years after the passing of the resolution, on which the authority to purchase is to expire. A share buy back by a company of its ordinary shares will give rise to UK stamp duty at the rate of 0.5% of the amount or value of the consideration payable by the company, and such stamp duty will be paid by the company. Our articles of association do not have conditions governing changes in our capital which are more stringent than those required by law. Statutory Pre-emption Rights Under English law, a company must not allot equity securities to a person on any terms unless the following conditions are satisfied: ● it has made an offer to each person who holds ordinary shares in the company to allot to them on the same or more favorable terms a proportion of those securities that is as nearly as practicable equal to the proportion in nominal value held by them of the ordinary share capital of the company; and ● the period during which any such offer may be accepted has expired or the company has received notice of the acceptance or refusal of every offer so made.
PURCHASE OF OWN SHARES. Subject to the provisions of the Act, the company may purchase its own Shares (including any Preference Shares) and may make a payment in respect of the redemption or purchase of its own Shares otherwise than out of distributable profits of the company or the proceeds of a fresh issue of Shares.
