Jurisdiction(s):
United Kingdom

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Key definition

Private company definition

What does Private company mean? In company law practice, a private company is a company owned by private shareholders or members whose securities are not offered to the public. In England and Wales, Scotland and Northern Ireland, the term is defined by the Companies Act 2006: a private company (limited by shares or by guarantee) is not a public company and, where it has a share capital, must not offer its shares or debentures to the public (section 755). Typical features include the ability to have a single director, use written resolutions and-unless the articles require-operate without a company secretary; its shares are not admitted...

Single share buyback contract for buybacks on separate dates

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Q&As

This Q&A considers whether

This Q&A explores whether, when a company is planning multiple share buybacks, it must put in place distinct share buyback contracts, each addressing a single intended buyback, or whether a single, overarching share buyback contract may instead cover all the intended buybacks, with each completing on a separate date. It proceeds on the basis that the company concerned is a private company limited by shares proposing to buy back shares off-market and that the contemplated buyback is neither for the purposes of, nor pursuant to, an employees’ share scheme within the meaning of section 1166 of the Companies Act 2006 (CA 2006)...

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Web page updated on 27/05/2026

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