Buybacks: Listed companies
Corporate finance training
Corporate finance training programmes
Shares and share capital
Returning capital to shareholders: listed companies
Reductions and buybacks: private companies

An explanation of course levels:

• Introductory: for those new to the subject.

• Intermediate: for delegates with some prior knowledge of the subject.

• Advanced: for delegates with substantial knowledge of the subject.

• Update: for delegates with or without prior knowledge of the subject.

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...unlocking potential

Share capital and capital re-organisations

Buybacks: Listed companies

The course covers the procedure for a public listed company to purchase its own shares.

CPD: 3 hours

Level: intermediate

OBJECTIVES

Listed companies often use a buyback of own shares where they have surplus capital. This course considers why companies might wish to do a buyback and the procedure involved

COURSE OUTLINE

PART 1. the options

• Overview of the options for returning capital to shareholders.
• The considerations influencing the choice.

PART 2. purchase of own shares

• How to structure a purchase of own shares. Off market and on market purchases.
• The restrictions under the Listing Rules and investor guidelines.
• Other factors which need to be considered.
• Shareholder authority for a buyback.
• The procedure and documentation for a buyback.
• Tender offers, when they are required and the procedure and documentation required.
• Buybacks of Treasury shares.
• Changes made by the Companies Act 2006.