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.
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