Overview
The company buys back shares from it's shareholders at an agreed value.
There are 8 different types of share buy backs handled by CAS 360. These are as follows:
- Employee share scheme within 10/12 limit
- Employee share scheme over 10/12 limit
- On-Market within 10/12 limit
- On-Market over 10/12 limit
- Equal Access Scheme within 10/12 limit
- Equal Access Scheme over 10/12 limit
- Selective Buy-Back
- Minimum Holding
What is the 10/12 limit?
The company buying back 10% of their issued share capital within a 12-month period. The buyback rules differ for companies that are buying back more than 10% in a 12 month period from those that are buying back less than 10% in 12 months.
Navigation
|
From the Main Toolbar, go to Company |
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Select the Company from the list |
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Select Shareholders |
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Click 
Select Share Buy Backs
Instructions
CAS 360 will display the Buy Backs screen
|
Field |
Explanation |
|
Transaction Date |
Input the date the Buy Back will occur |
|
Shareholder |
CAS 360 will display a list of the company's current shareholders |
|
Beneficial Owner |
CAS 360 will automatically prefill this field if there is a beneficial owner. |
|
Share Type |
CAS 360 will display a list of the share types the shareholder holds |
|
Number of Shares |
Input the relevant number of shares affected |
| Total Buy back Amount Paid |
Total amount paid to the shareholder for the buy back. |
| Total Buy back Amount of Issued Share Capital |
Enter the amount payable for issued share capital in decimals. |
|
Total Buy back Amount of Paid up Share Capital |
Enter the amount of paid up share capital in decimals. For changes to partly paid shares, click here. |
|
Buy Back Type |
Select the appropriate buy back type |
|
Meeting Status |
Select the meeting status of the member which will display on the Members Minutes |
|
Field |
Explanation (Transferor & Transferee) |
|
Certificate Type |
Select the Certificate Type |
|
Certificate Number |
CAS 360 will automatically pre-fill a number based on previous shareholder transactions. |
|
Certificate Location |
Enter the location of the Certificate |
|
Unique Numbers |
Type a Unique Number to assign to the shares |
Click 
Forms Prepared
By selecting Prepare Forms 
CAS 360 will display the Document Production screen and automatically select the documents required
- Cover Letter
- Register of Members
- Allotment Journal
- Directors Minutes or Resolution
- Notice of EGM
- Members Minutes or Resolution
- Members Consent to Short Notice
- Company Change Summary
-
Notice of Purchase/Acquisition of Ordinary Shares Form 29C/29D
- Share Certificate
- Share Buy Back Letter
- Members Consent to Share Buy Back
- Solvency Declaration
Select the 
icon to change any of the document settings. Different options will appear depending on the document type.