Section 734(4)

Where the proceeds of a fresh issue are applied by the company in making a redemption or purchase of its own shares in addition to a payment out of capital under Chapter 5, the references in subsections (2) and (3) to the permissible capital payment are to be read as referring to the aggregate of that payment and those proceeds.

← 3 · All articles · 735 →

Source: legislation.gov.uk · retrieved 2026-09-04