Buybacks of private company shares — impact on employee ownership?
On 30 April 2013, new regulations came into force, simplifying the process for private companies to buy back their own shares.
These new provisions have attracted considerable interest. While the administrative burden associated with buybacks has been eased, the jury is still out as to whether buybacks will encourage employee ownership.
The main features of the new regime are summarised in this briefing, together with a brief review of the issues that still need to be considered when buying back shares…
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