Define: Treasury Shares
shares in the capital of the Company held by the Company as treasury shares from time to time within the meaning set out in section 724(5) of the Act;
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shares in the capital of the Company held by the Company as treasury shares within the meaning set out in section 724(5) of the Act;.
Relevant Circumstances
- When a company holds its own shares in treasury under section 724 of the Companies Act
- If treasury shares are being reissued, cancelled or transferred
- Where rights attaching to treasury shares affect voting or distribution mechanics