HC Deb 18 December 1980 vol 996 c255W
Mr. Anthony Grant

asked the Secretary of State for Trade what has been the response to the Government's consultative document on the purchase by a company of its own shares, Cmnd. 7944; and if he will make a statement.

Mr. Nott

The consultative document has received a very full and overwhelmingly favourable response. It is the Government's intention to introduce legislative proposals in the next Companies Bill to allow private and public companies, including investment trust companies, a power to purchase their own shares, subject to appropriate safeguards.

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