Where a company purchases shares under this Chapter, it must deliver a return to the registrar within the period of 28 days beginning with the date on which the shares are delivered to it.
The return must distinguish—
shares in relation to which section 724 (treasury shares) applies and shares in relation to which that section does not apply, and
shares in relation to which that section applies—
that are cancelled forthwith (under section 729 (cancellation of treasury shares)), and
that are not so cancelled.
The return must state, with respect to shares of each class purchased—
the number and nominal value of the shares, and
the date on which they were delivered to the company.
In the case of a public company the return must also state—
the aggregate amount paid by the company for the shares, and
the maximum and minimum prices paid in respect of shares of each class purchased.
If default is made in complying with this section an offence is committed by every officer of the company who is in default.
A person guilty of an offence under this section is liable—
on conviction on indictment, to a fine;
on summary conviction to a fine not exceeding the statutory maximum and, for continued contravention, a daily default fine not exceeding one-tenth of the statutory maximumone-tenth of the greater of £5,000 or the amount corresponding to level 4 on the standard scale for summary offences.