Share buybacks: Government response

The Government has published its response to its consultation relating to implementation of the Nuttall Review

The Government has published its response to its consultation relating to implementation of the Nuttall Review recommendations on share buybacks. Among the key points, the Government intends to:

• Allow off-market share buybacks to be authorised by ordinary resolution.
• Extend the ability to authorise in advance multiple share buyback contracts to private companies, but limited to buybacks connected to an employees' share scheme.
• Allow private companies to pay for their shares in installments (where the buyback is for the purposes of or pursuant to an employees' share scheme).
• Allow private companies to finance buybacks (for the purposes of or pursuant to an employees' share scheme) out of capital subject to the signing of a solvency statement and special resolution.

The Government intends to amend the Companies Act 2006 by secondary legislation to implement the proposals, to come into force during 2013 and plans to conduct a review three years after enactment.

Read more

Latest News

Read More

Leadership in turbulence

1 April 2025

Newsletter

Receive the latest HR news and strategic content

Please note, as per the GDPR Legislation, we need to ensure you are ‘Opted In’ to receive updates from ‘theHRDIRECTOR’. We will NEVER sell, rent, share or give away your data to third parties. We only use it to send information about our products and updates within the HR space To see our Privacy Policy – click here

Latest HR Jobs

University of Exeter – Human ResourcesSalary: The starting salary will be from £33,482 on Grade E, depending on qualifications and experience. This provides summary information

A renowned industrial developer with a strong reputation for delivering high-quality projects and fostering an outstanding workplace culture is seeking a HR Director on a

Were looking for great people to join our growing team here at Elevate.Elevate is an award-winning global people powered agency creating compelling human connections with

As our new Director of HR, you will be at the forefront of creating the Land Registry of the future, ensuring that we have the

Read the latest digital issue of theHRDIRECTOR for FREE

Read the latest digital issue of theHRDIRECTOR for FREE