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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 12 March 2015 - onwards
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707. Return 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 dif

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