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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 1 June 2015 - onwards
  Version 4 of 4    

14. Information to be included in directors' report regarding acquisition by company of own shares.

Repealed from 1 June 2015

Where, in any financial year of a company, shares in the company -

(a) are acquired by the company by forfeiture or surrender in lieu of forfeiture, or

(b) are acquired by the company in pursuance of section 41 of the Act of 1983, or

(c) are acquired by another person in the circumstances specified in paragraph (c) or (d) of section 43(1) of that Act, or

(d) are made subject to a lien or other charge that is taken (whether expressly or otherwise) by the company and is permitted by paragraph (a), (c) or (d) of section 44(2) of that Act, the directors' report with respect to that financial year of the company shall state -

(i) the number and nominal value of any shares of the company acquired as aforesaid by the company, the number and nominal value of any shares of the company acquired as aforesaid by another person, and the number and nominal value of any shares charged as aforesaid, respectively

(ii) the maximum number and nominal value of any shares which, having been acquired a

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