Dáil debates
Thursday, 17 December 2009
Companies (Miscellaneous Provisions) Bill 2009 [Seanad]: Report and Final Stages
1:00 pm
Billy Kelleher (Cork North Central, Fianna Fail)
I thank the Deputy. The purpose of this measure is to introduce a simplified approach to companies that purchase their own shares. That is not an unusual practice for companies. If they have surplus cash amounts they would sometimes purchase their own shares.
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