PART VISHARE CAPITAL, ITS INCREASE, MAINTENANCE AND REDUCTION
CHAPTER VIIREDEEMABLE SHARES; PURCHASE BY A COMPANY OF ITS OWN SHARES
Supplementary
Interpretation for Chapter VII191 F2
In this Chapter—
a
“distributable profits”, in relation to the making of any payment by a company, means those profits out of which it could lawfully make a distribution (within the meaning given by F3section 829 of the Companies Act 2006), equal in value to the payment, and
b
“permissible capital payment” means the payment permitted by Article 181;
and references to payment out of capital are to be construed in accordance with Article 181.