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Share buyback and reissuing shares

Can a company issue shares in the same class once shares have been cancelled

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A company buy back of shares resulted in those shares being cancelled.  Is the company able to issue further shares in that same class?

Logically I would have thought the class of share still exists as per the memo and arts so it should be possible.

May I have your thoughts on this?

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By Portia Nina Levin
04th Jan 2017 15:28

Yes. If the company has capacity to issue such shares and the directors have the necessary authority.

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By stratty
04th Jan 2017 15:51

Thank you Portia. Much appreciated.

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