(1) In this Part "distribution" means every description of distribution of a company's assets to members of the company, whether in cash or otherwise, except distributions made by way of - (a) an issue of shares as fully or partly paid bonus shares; (b) the redemption of preference shares pursuant to section 108 out of the proceeds of a fresh issue of shares made for the purposes of redemption; (c) the redemption or purchase of shares pursuant to section 105 and the other relevant provisions of this Part out of the proceeds of a fresh issue of shares made for the purposes of the redemption or purchase; (d) the payment pursuant to section 106(5) of any premium out of the company's undenominated capital on a redemption referred to in that provision; (e) a distribution of assets to members of the company on its winding up; and (f) the reduction of share capital - (i) by paying off paid up share capital (effected in accordance with section 84 in the case of a c
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Version date: 6 July 2022 - onwards