Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Off-market share buyback definition

What does Off-market share buyback mean? An off‑market share buyback is a company’s purchase of its own shares other than through the normal trading facilities of a recognised investment exchange. In UK law, the term is defined in Companies Act 2006, s 693(2): a buyback is off‑market if the shares are acquired otherwise than on a recognised investment exchange, or are acquired on such an exchange but not subject to a marketing arrangement on that exchange. In practice, a private company’s buyback is always off‑market; likewise a public company whose shares are not traded on a market. Key legal features include the need for...

Precedent board minutes: approving an off‑market share buyback financed out of capital by a private company (Companies Act 2006, Part 18, Chapter 5, UK)

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Precedents

Company number: [ insert company number ]

[ insert company name ] LIMITED

Minutes of a meeting of the board of Directors (the Meeting) of [ insert full name of company ] Limited (the Company)

Held at [ insert place of meeting ]

Held on [ insert day, month and year of meeting ] at [ insert time of meeting ] [ am OR pm ]

Present:

[ Insert names of the director(s) physically present ]
[ [ Insert names of any directors present by telephone as permitted by the Company’s articles of association ] (by telephone) ]
[ [ Insert names of any directors present by other means permitted by the Company’s articles of association ] (by [ insert other means ]) ]

In attendance:

[ [ Insert name of anyone in attendance, who does not count towards the Quorum for the Meeting (eg, the company secretary, any legal advisers) (if any) ] ]

Apologies:

[ [ Insert names of any directors who are unable to attend the Meeting ] ]

1 Chair, notice and quorum

[ Insert name ] was appointed to act as Chair of the Meeting...

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Web page updated on 22/05/2026

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