Share buy-back scheme simplified
Implementation date: 30 April 2013
The Companies Act 2006 amends the process that enables companies to buy back shares from employees leaving the company. Changes include allowing off-market share buybacks to be authorised by ordinary resolution and private limited companies to pay for their own shares in instalments. The Companies Act 2006 (Amendment of Part 18) Regulations 2013 (SI 2013/999) can be viewed on the UK legislation website.