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Section 186 Companies and Allied Matters Act (CAMA) 2020

Section 186 CAMA 2020

Persons from who shares can be bought back

A company may buy back its shares—

(a) from the existing shareholders or security holders on a proportionate basis ;
(b) from the existing shareholders in a manner permitted pursuant to a scheme of arrangement sanctioned by the court ;

(c) from the open market ; and
(d) by purchasing the securities issued to employees of the company pursuant to a scheme of stock option or any other similar scheme.

See also  Section 655 Companies and Allied Matters Act (CAMA) 2020

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