When do I use this document? for the grant of both a put option and call option over shares in a private limited company so that both the buyer has an option to purchase the shares and the seller has an option to sell the shares What are the key features? 24 clauses over 16 pages grant of the put and call options, with related definitions of option shares, exercise conditions and exercise periods put option exercise and form of exercise notice call option exercise and form of exercise notice mechanics for sale and purchase of option shares warranties and undertakings from the seller What else do I need to know? The principal matters which the parties to a put and call option agreement will need to negotiate include: option shares: the number of option shares exercise conditions: whether either option exercise is subject to satisfaction of any pre-conditions exercise periods: the time periods during which the seller may exercise the put option and the buyer may exercise the call option exercise price: the price payable for the shares What other docs are available? For alternative option agreements over shares, see: Call Option Agreement – shares Put Option Agreement – shares

Share Buyback Agreement

Name: Share Buyback Agreement - PaperRock Documents
SKU: COM017
Price: 45.00 GBP
Availability: InStock

Agreement for the buyback by a private limited company of its own shares.

Use this document:

when a private limited company is buying back its own shares from an existing shareholder
to ensure the buyback is properly documented and compliant with the Companies Act 2006
where the buyback is being funded out of distributable profits, in accordance with statutory requirements

Key features include:

agreed terms of the buyback, including the number and class of shares to be repurchased, the consideration payable, and the completion arrangements
compliance with the requirements of section 694 of the Companies Act 2006, including provisions for shareholder approval
warranties from the selling shareholder, confirming ownership and capacity to sell the shares
structured for buybacks out of distributable profits, the most common and straightforward method permitted under the Companies Act

Description

When do I use this document?

for the grant of both a put option and call option over shares in a private limited company
so that both the buyer has an option to purchase the shares and the seller has an option to sell the shares

What are the key features?

24 clauses over 16 pages
grant of the put and call options, with related definitions of option shares, exercise conditions and exercise periods
put option exercise and form of exercise notice
call option exercise and form of exercise notice
mechanics for sale and purchase of option shares
warranties and undertakings from the seller

What else do I need to know?

The principal matters which the parties to a put and call option agreement will need to negotiate include:

option shares: the number of option shares
exercise conditions: whether either option exercise is subject to satisfaction of any pre-conditions
exercise periods: the time periods during which the seller may exercise the put option and the buyer may exercise the call option
exercise price: the price payable for the shares

What other docs are available?

For alternative option agreements over shares, see:

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

£45.00 exc VAT

Updated by a lawyer on 08/12/2025

Updated By a lawyer on 12/08/2025

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