Companies Act 2014

328.

Directors’ report: acquisition or disposal of own shares

328. Where, at any time during a financial year of a company, shares in the company—

(a) are held or acquired by the company, including by forfeiture or surrender in lieu of forfeiture, or

(b) are held or acquired by any subsidiary undertaking of the company, the directors’ report with respect to that financial year of the company shall state—

(i) the number and nominal value of any shares of the company held by the company or any subsidiary undertaking at the beginning and end of the financial year together with the consideration paid for F149 [ such shares, ]

(ii) a reconciliation of the number and nominal value of such shares from the beginning of the financial year to the end of the financial year showing all changes during the year including further acquisitions, disposals and cancellations, in each case showing the value of the consideration paid or received, F150 [ if any, ]

F151 [ (iii) the reasons for any acquisitions made during the financial year, and

(iv) the proportion of called-up share capital held at the beginning and end of the financial year. ]

Annotations

Amendments:

F149

Substituted (9.06.2017) by Companies (Accounting) Act 2017 (9/2017), s. 44(a), S.I. No. 246 of 2017, art. 3, subject to transitional provision in art. 4.

F150

Substituted (9.06.2017) by Companies (Accounting) Act 2017 (9/2017), s. 44(b), S.I. No. 246 of 2017, art. 3, subject to transitional provision in art. 4.

F151

Inserted (9.06.2017) by Companies (Accounting) Act 2017 (9/2017), s. 44(c), S.I. No. 246 of 2017, art. 3, subject to transitional provision in art. 4.

Modifications (not altering text):

C58

Application of section restricted (1.01.2020) by European Union (Qualifying Partnerships: Accounting and Auditing) Regulations 2019 (S.I. No. 597 of 2019), reg. 15, in effect as per reg. 1(2), (3).

Non-application of certain provisions of Principal Act

15. Sections 281 to 286, 305A, 312, 318, 319, 325(1)(c), (d) and (e), 326(1)(c) and (d) and (2)(d), 328, 338, 339, 341, 375, 381 to 385, 392, 396 to 398, 401 and 402 of the Principal Act shall not apply to a qualifying partnership.