I've read somewhere (BPP Revision Kit) that "Any limited company may create treasury shares by purchasing its own shares for cash or out of distributable profit."
However, I've found in opentuition notes, last page " Must have been quoted on a recognised stock exchange"
I cannot distinguish it. "Any limited company is NOT a listed company"
I appreciate your help, Sir Mike.
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Treasury Shares 2
6y ago#1Thank you for pointing this out - it's a change in the statute that I missed on last review
You're correct, it's any company and the requirement that the shares must have been quoted is, of course, now no longer applicable
OK?
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