own shares purchase

own shares purchase
The purchase or redemption of its own shares by a company; this is permitted subject to certain conditions. For example, in the UK redeemable shares may only be redeemed if they are fully paid. If the redemption or purchase of a company's own shares would lead to a reduction of its capital, a capital redemption reserve will need to be created. In certain cases private companies may reduce their capital in this way (see permissible capital payment).

Accounting dictionary. 2014.

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  • own shares purchase — The purchase or redemption of its own shares by a company; this is permitted subject to certain legal restrictions. For example, in the UK redeemable shares may only be redeemed if they are fully paid. If the redemption or purchase of a company s …   Big dictionary of business and management

  • Purchase — To buy, to be long, to have an ownership position. The New York Times Financial Glossary * * * ▪ I. purchase pur‧chase 1 [ˈpɜːtʆs ǁ ˈpɜːr ] noun COMMERCE 1. [uncountable] the act of buying something: • Keep the receipt as your proof of purc …   Financial and business terms

  • purchase — buy; be long; have an ownership position. Bloomberg Financial Dictionary * * * ▪ I. purchase pur‧chase 1 [ˈpɜːtʆs ǁ ˈpɜːr ] noun COMMERCE 1. [uncountable] …   Financial and business terms

  • Treasury shares — A company s own issued shares that it has bought but not cancelled where the purchase was financed out of the company s distributable profits. Only qualifying shares may be held in treasury (such as shares listed on the Official List of the UK… …   Law dictionary

  • off-market purchase — A company s purchase of its own shares otherwise than on a recognised investment exchange, that is, buying shares by approaching existing shareholders rather than through the stock market. Related links recognised investment exchange (RIE) …   Law dictionary

  • market purchase — A company s purchase of its own shares on a recognised investment exchange. Related links recognised investment exchange (RIE) share buyback …   Law dictionary

  • blocked quota shares — shares in a fishery that cannot be subdivided if transferred. The blocked quota has a size limit and the number of blocks an individual can own is limited in a given area. This ensures small units are available for purchase by new entrants to the …   Dictionary of ichthyology

  • permissible capital payment — PCP A payment made out of capital when a company is redeeming or purchasing its own shares and has used all available distributable profits as well as the proceeds of any new issue of shares. See: own shares purchase …   Accounting dictionary

  • permissible capital payment — PCP A payment made out of capital when a company is redeeming or purchasing its own shares and has used all available distributable profits as well as the proceeds of any new issue of shares. See own shares purchase …   Big dictionary of business and management

  • United Kingdom company law — Beside the River Thames, the City of London is a global financial centre. Within the Square Mile, the London Stock Exchange lies at the heart of the United Kingdom s corporations. United Kingdom company law is the body of rules that concern… …   Wikipedia

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