Are you in a position where a shareholder in your nursery wishes to sell their shares?
The market for buying nurseries may be proving difficult to find a buyer to purchase the shares of the potential outgoing shareholder or you simply may not want to introduce a new buyer to the purchase the shares in the nursery. If so, have you considered the route of a share buyback by you the nursery company? The Companies Act 2006 (the “Act”) permits companies to buy back their own shares from their shareholders provided that:
In order to ensure compliance with Part 18 of the Act, you must follow the below steps:
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