The New Double-Hurdle for Selective Share Buy-Backs Under CALA 2025
On 6 May 2026, the Corporate and Accounting Laws (Amendment) Act 2025 (CALA 2025) commenced. Among its most significant — and least-publicised — changes is a new two-tier approval requirement for selective share buy-backs. If your company is considering buying back shares from specific shareholders, the rules have changed and the approval bar is now [...]