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5.—(1) The directors’ statement required by section 714 (directors’ statement to be made where a private company makes a payment out of capital for the redemption or purchase of its own shares) must—
(a)be in writing;
(b)indicate that it is a directors’ statement made under that section; and
(c)be signed by each of the company’s directors.
(2) The statement must state—
(a)whether the company’s business includes that of a banking company; and
(b)whether its business includes that of an insurance company.
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