All sections · Part V: Shares · Sub-Part V: Redemption and purchase of own shares
74 注销或收购自有股份的程序
This section has been amended. The text above is the 2016 wording; the amending provisions follow.
(1) 公司的董事可以提出赎回、购买或以其他方式收购公司股份的要约，如果该要约是为了------。
(a) 向所有股东提出回购、购买或以其他方式收购本公司发行的股份，这些股份是----------------------。
(i) 如果被采纳，不会影响股东的相对投票权和分配权；以及
(i) 给予每个股东合理的机会接受要约；或
(b) 向一个或多个股东回购、购买或以其他方式收购股份的要约 --
(i) 所有股东都书面同意；或
(i) 备忘录或法规允许并根据第75条规定作出。
(2) 如果根据第(1)(a)款提出要约--，则
(a) 该要约也可使公司在另一股东不接受该要约或仅部分接受该要约的情况下，向该股东回购、购买或以其他方式获得额外股份；以及
(b) 如果新增股份的数量超过公司有权赎回、购买或以其他方式获得的股份数量，则应适当减少新增股份的数量。
(3) 本条在否定、修改或不符合有关取消、获取或以其他方式购买其自身股份的规定的范围内，不适用于某企业-。
(a) 公司的组织章程大纲或章程细则；或
(b) 公司和股东之间的书面协议。
(a) 向所有股东提出回购、购买或以其他方式收购本公司发行的股份，这些股份是----------------------。
(i) 如果被采纳，不会影响股东的相对投票权和分配权；以及
(i) 给予每个股东合理的机会接受要约；或
(b) 向一个或多个股东回购、购买或以其他方式收购股份的要约 --
(i) 所有股东都书面同意；或
(i) 备忘录或法规允许并根据第75条规定作出。
(2) 如果根据第(1)(a)款提出要约--，则
(a) 该要约也可使公司在另一股东不接受该要约或仅部分接受该要约的情况下，向该股东回购、购买或以其他方式获得额外股份；以及
(b) 如果新增股份的数量超过公司有权赎回、购买或以其他方式获得的股份数量，则应适当减少新增股份的数量。
(3) 本条在否定、修改或不符合有关取消、获取或以其他方式购买其自身股份的规定的范围内，不适用于某企业-。
(a) 公司的组织章程大纲或章程细则；或
(b) 公司和股东之间的书面协议。
Translation for information only. Only the English original is legally binding.
Original wording (English, legally binding): Process for redemption or purchase of own shares
(1) The directors of a company may make an offer to redeem, purchase or
or purchase of own
otherwise acquire shares issued by the company, if the offer is —
share
(a) an offer to all shareholders to redeem, purchase or otherwise
acquire shares issued by the company that —
(i) would, if accepted, leave the relative voting and
distribution rights of the shareholders unaffected; and
(ii) affords each shareholder a reasonable opportunity to
accept the offer; or
(b) an offer to one or more shareholders to redeem, purchase or
otherwise acquire shares —
(i) to which all shareholders have consented in writing; or
(ii) that is permitted by the memorandum or articles and is
made in accordance with section 75.
(2) Where an offer is made in accordance with subsection (1)(a) —
(a) the offer may also permit the company to redeem, purchase or
otherwise acquire additional shares from a shareholder to the
extent that another shareholder does not accept the offer or accepts
the offer only in part; and
(b) if the number of additional shares exceeds the number of shares
that the company is entitled to redeem, purchase or otherwise
acquire, the number of additional shares shall be reduced rateably.
(3) This section does not apply to a company to the extent that it is negated,
modified or inconsistent with provisions for the redemption, purchase or
other acquisition of its own shares specified in — (a) the company‘s
memorandum or articles; or (b) a written agreement between the company
and the shareholder.
or purchase of own
otherwise acquire shares issued by the company, if the offer is —
share
(a) an offer to all shareholders to redeem, purchase or otherwise
acquire shares issued by the company that —
(i) would, if accepted, leave the relative voting and
distribution rights of the shareholders unaffected; and
(ii) affords each shareholder a reasonable opportunity to
accept the offer; or
(b) an offer to one or more shareholders to redeem, purchase or
otherwise acquire shares —
(i) to which all shareholders have consented in writing; or
(ii) that is permitted by the memorandum or articles and is
made in accordance with section 75.
(2) Where an offer is made in accordance with subsection (1)(a) —
(a) the offer may also permit the company to redeem, purchase or
otherwise acquire additional shares from a shareholder to the
extent that another shareholder does not accept the offer or accepts
the offer only in part; and
(b) if the number of additional shares exceeds the number of shares
that the company is entitled to redeem, purchase or otherwise
acquire, the number of additional shares shall be reduced rateably.
(3) This section does not apply to a company to the extent that it is negated,
modified or inconsistent with provisions for the redemption, purchase or
other acquisition of its own shares specified in — (a) the company‘s
memorandum or articles; or (b) a written agreement between the company
and the shareholder.
Amended since 2016
Act 32 of 2021 · 2021-08-02
14. Section 74(2)(b) of the principal Act is amended, by repealing the
word “rateably”, and substituting therefor the words “pro rata”.
word “rateably”, and substituting therefor the words “pro rata”.
