Common use of Repayments of Share Capital Clause in Contracts

Repayments of Share Capital. (a) The Company has not at any time after 6 April 1991 repaid or agreed to repay or redeemed or agreed to redeem or purchased or agreed to purchase (or made any contingent purchase contract within the meaning of section 165 of the Companies Act 1985) in respect of any of its issued share capital or any class thereof. Further the Company has not after 6 April 1991 capitalised or agreed to capitalise in the form of shares, debentures or other securities or in paying up amounts unpaid on any shares, debentures or other securities any profits or reserves of any class or description or passed or agreed to be passed any resolution to do so. (b) The Company has not made (and will not be deemed to have made) any distribution within the meaning of sections 209 and 210 (bonus issue following repayment of capital) of the TA since 5 April 1991 except dividends properly authorised and shown in its Accounts nor is the Company bound to make any such distribution. CHARGEABLE GAINS

Appears in 1 contract

Samples: Share Purchase Agreement (Big Flower Press Holdings Inc)

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Repayments of Share Capital. (a) The Company has not at any time after 6 April 1991 1965 repaid or agreed to repay or redeemed or agreed to redeem or purchased or agreed to purchase (or made any contingent purchase contract within the meaning of section 165 of the Companies Act 1985) in respect of any of its issued share capital or any class thereof. Further the Company has not after 6 April 1991 1965 capitalised or agreed to capitalise in the form of shares, debentures or other securities or in paying up amounts unpaid on any shares, debentures or other securities any profits or reserves of any class or description or passed or agreed to be passed any resolution to do so. (b) . The Company has not made (and will not be deemed to have made) any distribution within the meaning of sections 209 and 210 (bonus issue following repayment of capital) of the TA since 5 April 1991 1965 except dividends properly authorised and shown in its Accounts nor is the Company bound to make any such distribution. CHARGEABLE GAINSThe Company has not been party to any transaction involving an exempt distribution within section 213 of the TA within the period commencing five years prior to the Accounts Date.

Appears in 1 contract

Samples: Share Purchase Agreement (Galen Holdings PLC)

Repayments of Share Capital. (a) The Company has not at any time after 6 April 1991 1965 repaid or agreed to repay or redeemed or agreed to redeem or purchased or agreed to purchase (or made any contingent purchase contract within the meaning of section 165 of the Companies Act 1985) in respect of any of its issued share capital or any class thereof. Further the Company has not after 6 April 1991 1965 capitalised or agreed to capitalise in the form of shares, debentures or other securities or in paying up amounts unpaid on any shares, debentures or other securities any profits or reserves of any class or description or passed or agreed to be passed any resolution to do so. (b) The Company has not made (and will not be deemed to have made) any distribution within the meaning of sections 209 and 210 (bonus issue following repayment of capital) of the TA since 5 April 1991 1965 except dividends properly authorised and shown in its Accounts nor is the Company bound to make any such distribution. (c) The Company has not been party to any transaction involving an exempt distribution within section 213 of the TA within the period commencing five years prior to the Accounts Date. CHARGEABLE GAINS

Appears in 1 contract

Samples: Agreement for the Sale and Purchase of Shares (Big Flower Holdings Inc/)

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Repayments of Share Capital. (a) The Company has not at any time after 6 April 1991 1965 repaid or agreed to repay or redeemed or agreed to redeem or purchased or agreed to purchase (or made any contingent purchase contract within the meaning of section 165 of the Companies Act 1985) in respect of any of its issued share capital or any class thereof. Further the Company has not after 6 April 1991 1965 capitalised or agreed to capitalise in the form of shares, debentures or other securities or in paying up amounts unpaid on any shares, debentures or other securities any profits or reserves of any class or description or passed or agreed to be passed any resolution to do so. (b) The Company has not made (and will not be deemed to have made) any distribution within the meaning of sections 209 and 210 (bonus issue following repayment of capital) of the TA since 5 April 1991 1965 except dividends properly authorised and shown in its Accounts nor is the Company bound to make any such distribution. CHARGEABLE GAINS. (c) The Company has not been party to any transaction involving an exempt distribution within section 213 of the TA within the period commencing five years prior to the Accounts Date.

Appears in 1 contract

Samples: Share Purchase Agreement (Herley Industries Inc /New)

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