SCHEDULE 1PROVISIONS RELATING TO OLD PUBLIC COMPANIES
Old public company holding, or having charge on, own shares7
1
In sections 662 to 669 of the Companies Act 2006 (treatment of shares held by or for public company) references to a public company do not include an old public company.
2
Section 668 of that Act (application of sections 662 to 667 to private company re-registering as public company) applies to an old public company as to a private company.
3
In the case of a company that—
a
after 22nd March 1982 remained an old public company, and
b
did not before that date apply to be re-registered as a public company,
any charge on its own shares which was in existence on or immediately before that date is a permitted charge and not void under section 670 of the Companies Act 2006.